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
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
Canadian REITs are a good option for those wanting real estate representation in their portfolio
If you want to add to your real estate holdings, one good way to do it is through Canadian REITs.
Investing in Canadian REITs lets you hold income-producing real estate such as… Read More
RioCan and Choice Properties continue to build new residential, office and industrial properties to cut their exposure to the retail industry. Their new properties—along with store reopenings as the pandemic has eased—should help both REITs raise investor distributions in the next few years. All in… Read More
LOBLAW COMPANIES, $114.01, is a buy. The company (Toronto symbol L; Shares outstanding: 328.1 million; Market cap: $37.5 billion; TSINetwork Rating: Above Average; Dividend yield: 1.4%; www.loblaw.ca) is Canada’s largest food retailer, with 1,096 supermarkets. It also owns the Shoppers Drug Mart chain of 1,346 drugstores across Canada.
The retailer… Read More
GREAT-WEST LIFECO INC. $33 (www.greatwestlifeco.com) is a hold. The company is Canada’s second-largest life insurer, after Manulife Financial. Canada’s banking regulator—the Office of the Superintendent of Financial Institutions—has lifted the restrictions on capital distributions placed on banks and insurers due to COVID-19 uncertainty. As a result, Great-West now… Read More
ISHARES S&P/TSX REIT INDEX ETF, $18.83, is a hold. The ETF (Toronto symbol XRE; buy or sell through brokers; ca.ishares.com) lets investors tap all 19 Canadian real estate investment trusts in the S&P/TSX REIT Index. Investors pay an MER of 0.61%, and the fund gives you a 3.3% yield.
The… Read More
The re-opening of offices as COVID-19 restrictions eased helped boost the occupancy levels—and cash flow—of these two REITs. That should also let them maintain their current distributions.
ALLIED PROPERTIES REAL ESTATE INVESTMENT TRUST $38 is a buy. The REIT (Toronto symbol AP.UN; Cyclical-Growth Dividend Payer Portfolio, Manufacturing sector;… Read More
J.P. MORGAN CHASE & CO., $126.81, New York symbol JPM, remains a buy.
The stock lets investors tap the largest banking firm in the U.S., with total assets of $3.95 trillion as of March 31, 2022.
Morgan last raised your quarterly dividend with the October 2021 payment… Read More
TECK RESOURCES LTD., $54.46, Toronto symbol TECK.B, remains a buy for investors seeking long-term gains from the Resources sector of their portfolio.
The company is a leading producer of metallurgical coal, a key ingredient in steelmaking. It also produces copper and zinc. Teck owns 21.31% of… Read More