REIT spurs growth with development after acquisitions

REIT spurs growth with development after acquisitions

This REIT has used strategic acquisitions in urban markets to boost its revenue and cash flow—and its monthly distributions. It will now spend $1.2 billion to further develop some of its key properties in those markets.


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ALLIED PROPERTIES REAL ESTATE INVESTMENT TRUST (Toronto symbol AP.UN;… Read More

Soaring cannabis stocks make us wary

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Investment Outlook

Marijuana stocks have soared in the weeks leading up to today’s legalization of recreational cannabis. But those skyrocketing share prices also give us reasons to be wary.  

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Recreational cannabis is now legal in Canada!
See how marijuana stocks are likely to fare… Read More

Q: Pat, may I have your thoughts on WPT Industrial REIT and Dream Industrial REIT? I was a shareholder of Pure Industrial REIT with great success until it was bought out. These warehouse REITs appear to be a great way to gain exposure to the online shopping phenomenon.

A: WPT Industrial REIT, $12.78, symbol WIR.U on Toronto (Units outstanding: 44.5 million; Market cap: $568.7 million; www.wptreit.com), is a Canadian REIT that owns and manages industrial properties in the U.S.

Right now, WPT has 54 properties in 15 states. In all, they include 18.1 million… Read More