Enjoy a 5.1% yield with RioCan REIT

Enjoy a 5.1% yield with RioCan REIT

This REIT mainly operates retail malls, which suffered at the height of the COVID-19 lockdowns of 2020. As a result, the REIT cut its distributions by a third.

However, most of its tenants have re-opened their stores and the trust is once again raising its… Read More

New properties boost cash flow

ALLIED PROPERTIES REAL ESTATE INVESTMENT TRUST $32 is a buy. The REIT (Toronto symbol AP.UN; Cyclical-Growth Dividend Payer Portfolio, Manufacturing sector; Units outstanding: 128.0 million; Market cap: $4.1 billion; Distribution yield: 5.5%; Dividend Sustainability Rating: Above Average; www.alliedreit.com) owns 200 office buildings and 13 properties under development, mainly in… Read More

RioCan narrows its focus

RIOCAN REAL ESTATE INVESTMENT TRUST, $20.43, is a buy. The REIT (Toronto symbol REI.UN; Units outstanding: 309.9 million; Market cap: $6.2 billion; TSINetwork Rating: Average; Dividend yield: 5.0%; www.riocan.com) is currently developing The Well, a major mixed-use project in the King Street West/Spadina area of downtown Toronto.
The Well… Read More

Get a 5.3% yield from Allied Properties REIT

Get a 5.3% yield from Allied Properties REIT

The re-opening of offices as COVID-19 restrictions eased helped boost the occupancy levels—and cash flow—of this REIT. That should also allow it to maintain its current distributions.

The stock trades at 15.4 times the company’s 2022 cash flow forecast.

ALLIED PROPERTIES REAL ESTATE INVESTMENT TRUST (Toronto symbol… Read More

New properties should spur their distributions

These two REITs are shifting their focus to more-profitable properties. That bodes well for future distribution increases.
H&R REAL ESTATE INVESTMENT TRUST $12 is a top pick for 2022. The REIT (Toronto symbol HR.UN; Cyclical-Growth Dividend Payer Portfolio, Manufacturing sector; Units outstanding: 279.1 million; Market cap: $3.3 billion;… Read More

Two high-yield REITs with gains ahead

The market plunge at the start of the COVID-19 crisis lowered the unit price of most REITs. That’s because the pandemic forced many businesses—and REIT tenants—to temporarily close. However, as the pandemic wanes, the economy is normalizing. That will let these two REITs maintain, or… Read More