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 $13.65 (Toronto symbol XRE; buy or sell through a broker) holds the 12 Canadian real estate investment trusts (REITs) in the S&P/TSX Capped REIT Index. The weight of any one REIT in the value of the S&P/TSX Capped REIT Index is limited to 25%. RioCan REIT makes up 25% of the index’s value; H&R REIT, 15.1%; Canadian REIT, 9.4%; Boardwalk REIT, 8.9%; Calloway REIT, 8.1%; Canadian Apartment Properties REIT, 6.0%; Primaris Retail REIT, 6.0%; Chartwell Seniors Housing REIT, 5.0%; Innvest REIT, 4.2%; Cominar REIT, 4.3%; Extendicare REIT, 4.1%; and Dundee REIT, 2.7%. We’re glad to see that the top holding is RioCan, one of our favorite REITs. In fact, three of the top six holdings are among our recommendations. Note that iShares CDN REIT holds a couple of REITs we don’t recommend....
CANADIAN REIT $27.71 (Toronto symbol REF.UN; SI Rating: Extra Risk) owns a portfolio of more than 140 income properties consisting of retail, industrial and office properties across Canada and in the Chicago, Illinois area. Occupancy is at 96.5%. CREIT’s revenue in the three months ended December 31, 2007 was $75.8 million, up 5.6% from $71.9 million a year earlier. Cash flow per unit rose 8.2%, to $0.53 from $0.49. The units yield 4.8%. CREIT focuses on acquiring properties in prime locations, usually near major metropolitan centres, that attract strong tenants, maintain high occupancy rates and deliver a reliable stream of rental income....
Real Estate Investment Trusts (REITs) are down from last year’s highs, largely due to fears that slowing consumer spending will hurt cash flows. However, top-quality REITs continue to have high occupancy rates and rising lease rates. As well, lower interest rates will help REITs fund their expansion plans. We still advise against overindulging in REITs. But if you stick with the highest quality, like the REITs we recommend on this page, you should make attractive long-term returns with relatively low risk. RIOCAN REAL ESTATE INVESTMENT TRUST $21.43 (Toronto symbol REI.UN; SI Rating: Average) is Canada’s largest REIT. RioCan has ownership interests in a portfolio of 214 retail properties across Canada, including 14 under development. These properties contain over 55 million square feet of leasable area. Portfolio occupancy stands at 97.6%....
GUARDIAN MONTHLY HIGH INCOME II FUND $14.34 (CWA Rating: Income) (GGOF Guardian Group of Funds, Commerce Court West, Suite 4100, P.O. Box 201, Toronto, Ontario M5L 1E8. 1-800-668- 5613; Web site: www.ggof.com. Available from brokers) continues to emphasize more stable real estate investment trusts (REITs), and highquality, long-lived resource trusts. We still think investors should diversify carefully with trusts, and emphasize those with stable cash flows, a low need for capital expenditures and mature business operations. The $927.9 million fund’s top holdings are: Canadian Oil Sands Trust, RioCan REIT, Canadian REIT, ARC Energy, Cominar REIT, Yellow Pages Income Fund, Vermilion Energy Trust, Bonavista Energy Trust, Enerplus Resources Fund, Crescent Point Energy Trust and BFI Canada Income Fund....
ISHARES CDN REIT SECTOR INDEX FUND $16.05 (Toronto symbol XRE; buy or sell through a broker) holds the 12 Canadian real estate investment trusts (REITs) in the S&P/TSX Capped REIT Index. The weight of any one REIT in the value of the S&P/TSX Capped REIT Index is limited to 25%. RioCan REIT makes up 25% of the index’s value; H&R REIT, 15.5%; Boardwalk REIT, 9.6%; Canadian REIT, 8.8%; Calloway REIT, 8.1%; Chartwell Seniors Housing REIT, 5.8%; Canadian Apartment Properties REIT, 5.6%; Primaris Retail REIT, 5.5%; Extendicare REIT, 4.4%; Innvest REIT, 4.2%; Cominar REIT, 3.7%; and Dundee REIT, 2.6%. We’re glad to see that the top holding is RioCan, one of our favorite REITs. In fact, three of the top four holdings are among our recommendations. Note that iShares CDN REIT holds a couple of REITs we don’t recommend....
CANADIAN REIT $30.23 (Toronto symbol REF.UN; SI Rating: Extra Risk) owns a portfolio of more than 140 income properties consisting of retail, industrial and office properties across Canada and in the Chicago, Illinois area. CREIT’s revenue in the three months ended June 30, 2007 was $70.9 million, up 8.5% from $65.3 million a year earlier. Cash flow per unit rose 8.8%, to $0.53 from $0.49. The units now yield 4.4%. CREIT focuses on acquiring properties in prime locations, usually near major metropolitan centres, that attract strong tenants, maintain high occupancy rates and deliver a reliable stream of rental income....
Real Estate Investment Trusts (REITs) have moved up lately, largely due to diminishing concerns about Canadian interest rate hikes. We still advise against overindulging in REITs. But if you stick with the highest quality, like the REITs we recommend on this page, you should make attractive long-term returns with low risk. RIOCAN REAL ESTATE INVESTMENT TRUST $25.40 (Toronto symbol REI.UN; SI Rating: Average) is Canada’s largest REIT. RioCan has ownership interests in a portfolio of 207 retail properties across Canada, including 10 under development. These properties contain over 53 million square feet of leasable area....
CANADIAN REIT $28.99 (Toronto symbol REF.UN; SI Rating: Extra Risk) owns a portfolio of more than 140 income properties consisting of retail, industrial and office properties across Canada and in the Chicago, Illinois area. The company’s portfolio contains more than 19 million square feet of space. CREIT’s revenue in the three months ended March 31, 2007 was $72.7 million, up 11.7% from $65.1 million a year earlier. Cash flow per unit rose 10.9% to $0.51 from $0.46. The units now yield 4.7%. CREIT focuses on acquiring properties in prime locations, usually near major metropolitan centres, that attract strong tenants, maintain high occupancy rates and deliver a reliable stream of rental income....
Real Estate Investment Trusts (REITs) have moved down lately, largely due to rising interest rates. Higher real estate and construction costs could also slow the expansion plans of some REITs. We still advise against overindulging in REITs. But if you stick with the highest quality, like the REITs we recommend on this page, you should make attractive long-term returns with low risk. RIOCAN REAL ESTATE INVESTMENT TRUST $22.30 (Toronto symbol REI.UN; SI Rating: Average) is Canada’s largest REIT. RioCan has ownership interests in a portfolio of 206 retail properties across Canada, including nine under development. These properties contain over 52.1 million square feet of leasable area....
CANADIAN REIT $32.98 (Toronto symbol REF.UN; SI Rating: Extra Risk) owns a portfolio of more than 140 income properties consisting of retail, industrial and office properties across Canada and in the Chicago, Illinois area. The company’s portfolio contains more than 19.1 million square feet of space.
CREIT’s revenue in the three months ended December 31, 2006 was $71.8 million, up 13.4% from $63.3 million a year earlier. Cash flow per unit was unchanged at $0.49. The units now yield 3.9%.
CREIT focuses on acquiring properties in prime locations, usually near major metropolitan centres, that attract strong tenants, maintain high occupancy rates and deliver a reliable stream of rental income.
Canadian REIT is a buy.
CREIT’s revenue in the three months ended December 31, 2006 was $71.8 million, up 13.4% from $63.3 million a year earlier. Cash flow per unit was unchanged at $0.49. The units now yield 3.9%.
CREIT focuses on acquiring properties in prime locations, usually near major metropolitan centres, that attract strong tenants, maintain high occupancy rates and deliver a reliable stream of rental income.
Canadian REIT is a buy.