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

Top REITs for income and future growth

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 adds a big facility

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

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

Updates on your Conservative stocks: Great-West Lifeco, Loblaw, & Teck Resources

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

Investors will benefit from their narrower focus

H&R and Choice Properties continue to shed their less-important holdings. Focusing on their top properties helps supports their current distributions, and sets the stage for future increases.
H&R REAL ESTATE INVESTMENT TRUST $13 is a top pick for 2022. The REIT (Toronto symbol HR.UN; Cyclical-Growth Dividend Payer Portfolio,… Read More