canadian reit
Toronto symbol REF.UN, focuses on acquiring properties in prime locations, usually near major metropolitan centres. That attracts strong tenants, maintains high occupancy rates and delivers a reliable stream of rental income.
ISHARES CDN REIT SECTOR INDEX FUND $17.54 (Toronto symbol XRE; buy or sell through brokers; ca.ishares.com) holds the 15 Canadian real estate investment trusts in the S&P/TSX Capped REIT Index. iShares CDN REIT’s expenses are 0.60% of its assets. The fund yields 4.7%. The ETF’s largest holding is RioCan REIT at 19.7%, followed by H&R REIT (14.6%), Canadian REIT (7.5%), Calloway REIT (7.1%), Canadian Apartment REIT (6.9%), Allied Properties REIT (6.4%), Dream Office REIT (6.4%), Cominar REIT (6.1%), Boardwalk REIT (4.9%), Chartwell REIT (4.8%), Artis REIT (4.6%), Granite REIT (4.6%), Crombie REIT (2.2%), Dream Global REIT (2.1%) and Northern REIT (1.7%)....
CANADIAN REIT $48.21 (Toronto symbol REF.UN; Units outstanding: 72.4 million; Market cap: $3.5 billion; TSINetwork Rating: Extra Risk; Dividend yield: 3.6%; www.creit.ca) owns 198 properties, including retail, industrial and office buildings, across Canada and in Chicago. These holdings contain 24.6 million square feet of leasable area. The trust’s occupancy rate is 95.3%.
In the three months ended September 30, 2014, Canadian REIT’s revenue rose 1.5%, to $100.8 million from $99.3 million a year earlier. Cash flow per unit gained 2.8%, to $0.74 from $0.72.
Canadian REIT added $191.1 million worth of buildings in 2013. That followed $401.9 million of purchases in 2012, including 50% of Calgary Place, a 575,000-square-foot office and retail complex, for $156.0 million. So far this year, it has made one acquisition: a 261,000-square-foot industrial property near Toronto’s Pearson International Airport for $29.3 million.
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In the three months ended September 30, 2014, Canadian REIT’s revenue rose 1.5%, to $100.8 million from $99.3 million a year earlier. Cash flow per unit gained 2.8%, to $0.74 from $0.72.
Canadian REIT added $191.1 million worth of buildings in 2013. That followed $401.9 million of purchases in 2012, including 50% of Calgary Place, a 575,000-square-foot office and retail complex, for $156.0 million. So far this year, it has made one acquisition: a 261,000-square-foot industrial property near Toronto’s Pearson International Airport for $29.3 million.
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We haven’t found any industrial REITs we recommend as buys, but some are okay to hold as part of a well-balanced portfolio. Here’s a look at the three you asked about:
- WPT Industrial REIT, $10.80, symbol WIR.U on Toronto (Units outstanding: 29.4 million; Market cap: $317.5 million; www.wptreit.com), is a Canadian REIT that owns and manages industrial properties in the U.S. Right now, WPT has 42 properties in 12 states. In all, they include 12.8 million square feet of leasable area....
CANADIAN REIT $49.40 (Toronto symbol REF.UN; Units outstanding: 69.3 million; Market cap: $3.4 billion; TSINetwork Rating: Extra Risk; Dividend yield: 3.5%; www.creit.ca) owns 198 properties, including retail, industrial and office buildings, across Canada and in Chicago. These holdings contain almost 24.1 million square feet of leasable area. The trust’s occupancy rate is 95.3%.
In the three months ended June 30, 2014, Canadian REIT’s revenue rose 3.5%, to $102.0 million from $98.6 million a year earlier. Cash flow per unit gained 4.2%, to $0.74 from $0.71.
Canadian REIT added $191.1 million worth of new buildings in 2013. That followed $401.9 million of property purchases in 2012, including a 50% stake in Calgary Place, a 575,000-square-foot office and retail complex, for $156.0 million. So far this year, it has made one acquisition: a 261,000-square-foot industrial property near Toronto’s Pearson International Airport for $29.3 million.
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In the three months ended June 30, 2014, Canadian REIT’s revenue rose 3.5%, to $102.0 million from $98.6 million a year earlier. Cash flow per unit gained 4.2%, to $0.74 from $0.71.
Canadian REIT added $191.1 million worth of new buildings in 2013. That followed $401.9 million of property purchases in 2012, including a 50% stake in Calgary Place, a 575,000-square-foot office and retail complex, for $156.0 million. So far this year, it has made one acquisition: a 261,000-square-foot industrial property near Toronto’s Pearson International Airport for $29.3 million.
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ALLIED PROPERTIES REAL ESTATE INVESTMENT TRUST $35.46 (Toronto symbol AP.UN; Units outstanding: 74.6 million; Market cap: $2.7 billion; TSINetwork Rating: Extra Risk; Dividend yield: 4.0%; www.alliedreit.com) owns 138 office buildings, mostly in major Canadian cities. These mainly Class I properties contain over 9.9 million square feet of leasable area. Class I refers to 19th- and early-20th-century light industrial buildings that have been converted to retail space. They usually feature exposed beams, interior brick and hardwood floors. Allied bought $400 million of properties in 2012 and $182.4 million worth in 2013. In the first half of 2014, it added six more for $110.0 million....
ISHARES CDN REIT SECTOR INDEX FUND $16.64 (Toronto symbol XRE; buy or sell through brokers; ca.ishares.com) holds the 15 Canadian real estate investment trusts in the S&P/TSX Capped REIT Index.
iShares CDN REIT’s expenses are 0.60% of its assets. The fund yields 5.0%.
The ETF’s largest holding is RioCan REIT at 19.3%, followed by H&R REIT (14.7%), Canadian REIT (7.8%), Dream Office REIT (7.0%), Calloway REIT (6.4%), Boardwalk REIT (6.3%), Canadian Apartment REIT (6.2%), Allied Properties REIT (5.8%), Cominar REIT (5.4%), Artis REIT (5.0%), Chartwell REIT (4.6%), Granite REIT (4.5%), Crombie REIT (2.4%), Northern Property REIT (2.2%) and Dream Global REIT (2.1%).
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iShares CDN REIT’s expenses are 0.60% of its assets. The fund yields 5.0%.
The ETF’s largest holding is RioCan REIT at 19.3%, followed by H&R REIT (14.7%), Canadian REIT (7.8%), Dream Office REIT (7.0%), Calloway REIT (6.4%), Boardwalk REIT (6.3%), Canadian Apartment REIT (6.2%), Allied Properties REIT (5.8%), Cominar REIT (5.4%), Artis REIT (5.0%), Chartwell REIT (4.6%), Granite REIT (4.5%), Crombie REIT (2.4%), Northern Property REIT (2.2%) and Dream Global REIT (2.1%).
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ISHARES CDN REIT SECTOR INDEX FUND $16.64 (Toronto symbol XRE; buy or sell through brokers; ca.ishares.com) holds the 15 Canadian real estate investment trusts in the S&P/TSX Capped REIT Index. iShares CDN REIT’s expenses are 0.60% of its assets. The fund yields 5.0%. The ETF’s largest holding is RioCan REIT at 19.3%, followed by H&R REIT (14.7%), Canadian REIT (7.8%), Dream Office REIT (7.0%), Calloway REIT (6.4%), Boardwalk REIT (6.3%), Canadian Apartment REIT (6.2%), Allied Properties REIT (5.8%), Cominar REIT (5.4%), Artis REIT (5.0%), Chartwell REIT (4.6%), Granite REIT (4.5%), Crombie REIT (2.4%), Northern Property REIT (2.2%) and Dream Global REIT (2.1%)....
CANADIAN REIT $44.97 (Toronto symbol REF.UN; Units outstanding: 69.2 million; Market cap: $3.1 billion; TSINetwork Rating: Extra Risk; Dividend yield: 3.9%; www.creit.ca) owns 197 properties, including retail, industrial and office buildings, across Canada and in Chicago. These holdings contain almost 24.0 million square feet of leasable area. The trust’s occupancy rate is 95.1%.
In the three months ended March 31, 2014, Canadian REIT’s revenue rose 6.9%, to $102.8 million from $96.1 million a year earlier. Cash flow per unit gained 8.2%, to $0.66 from $0.61.
Canadian REIT added $191.1 million worth of new buildings in 2013. That followed property purchases totalling $401.9 million in 2012, including a 50% stake in Calgary Place, a 575,000-square-foot office and retail complex, for $156.0 million. So far this year, it has not made any acquisitions.
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In the three months ended March 31, 2014, Canadian REIT’s revenue rose 6.9%, to $102.8 million from $96.1 million a year earlier. Cash flow per unit gained 8.2%, to $0.66 from $0.61.
Canadian REIT added $191.1 million worth of new buildings in 2013. That followed property purchases totalling $401.9 million in 2012, including a 50% stake in Calgary Place, a 575,000-square-foot office and retail complex, for $156.0 million. So far this year, it has not made any acquisitions.
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ALLIED PROPERTIES REAL ESTATE INVESTMENT TRUST $34.31 (Toronto symbol AP.UN; Units outstanding: 69.5 million; Market cap: $2.4 billion; TSINetwork Rating: Extra Risk; Dividend yield: 4.1%; www.alliedpropertiesreit.com) owns 138 office buildings, mostly in major Canadian cities. These mainly Class I properties contain over 9.9 million square feet of leasable area. Class I refers to 19th- and early-20th-century light industrial buildings that have been converted to retail space. They usually feature exposed beams, interior brick and hardwood floors. The trust bought $400 million worth of properties in 2012 and $182.4 million more in 2013. So far in 2014, it has added five more for $101.7 million....
ISHARES CDN REIT SECTOR INDEX FUND $16.48 (Toronto symbol XRE; buy or sell through brokers; ca.ishares.com) holds the 15 Canadian real estate investment trusts in the S&P/TSX Capped REIT Index. The weight of each REIT is limited to 25% of the ETF’s value.
iShares CDN REIT’s expenses are 0.60% of its assets. The fund yields 4.9%.
The ETF’s largest holding is RioCan REIT at 19.9%, followed by H&R REIT (15.1%), Canadian REIT (7.5%), Dream Office REIT (7.2%), Calloway REIT (6.6%), Canadian Apartment REIT (6.0%), Boardwalk REIT (6.0%), Allied Properties REIT (5.8%), Cominar REIT (5.3%), Artis REIT (4.8%), Chartwell REIT (4.5%), Granite REIT (4.5%), Crombie REIT (2.3%), Dream Global REIT (2.2%) and Northern Property REIT (2.1%).
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iShares CDN REIT’s expenses are 0.60% of its assets. The fund yields 4.9%.
The ETF’s largest holding is RioCan REIT at 19.9%, followed by H&R REIT (15.1%), Canadian REIT (7.5%), Dream Office REIT (7.2%), Calloway REIT (6.6%), Canadian Apartment REIT (6.0%), Boardwalk REIT (6.0%), Allied Properties REIT (5.8%), Cominar REIT (5.3%), Artis REIT (4.8%), Chartwell REIT (4.5%), Granite REIT (4.5%), Crombie REIT (2.3%), Dream Global REIT (2.2%) and Northern Property REIT (2.1%).
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