Get a 4.8% yield from RioCan REIT

Get a 4.8% yield from RioCan REIT

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

However, most of its tenants have re-opened their stores and the trust is once again raising its monthly distributions.

We feel… Read More

High-quality properties support their payouts

These two REITs have held their distributions steady for the last several years. Going forward, dependable rental payments from their high-quality tenants and properties should continue to support their current payout levels.
CHOICE PROPERTIES REIT $13 is a buy. Canada’s biggest REIT (Toronto symbol CHP.UN; Cyclical-Growth Payer Portfolio;… Read More

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