Two REITs for spinoff gains and income

In January 2022, H&R REIT spun off most of its retail properties to Primaris REIT. Unitholders received one unit of Primaris for every four H&R units they held. At that time, H&R investors held 74% of Primaris, while the Healthcare of Ontario Pension Plan (HOOPP)… Read More

A 12-point checklist for finding quality ETFs

The best ETFs offer low fees and diverse exposure to several companies operating in an economy or a specific industry or region. They don’t, however, eliminate market volatility, although their diversity usually cuts your risk of permanent loss. ETFs can also cut down research time… Read More

Buy quality assets at a discount

POWER CORP. $35 is a buy. The conglomerate’s (Toronto symbol POW; Conservative-Growth Dividend Payer Portfolio, Finance sector; Shares outstanding: 667.1 million; Market cap: $23.3 billion; Dividend yield: 6.0%; Dividend Sustainability Rating: Above Average; www.powercorporation.com) primary investments are controlling stakes in Great-West Lifeco, IGM Financial and robo-advisor Wealthsimple. It also… Read More

Asset sales support their distributions

These two REITs continue to sell their surplus properties. That lets them focus on their more-promising assets and on maintaining their distributions.
DREAM OFFICE REIT $14 is a buy. The REIT (Toronto symbol D.UN; Cyclical-Growth Dividend Payer Portfolio; Manufacturing sector; Units outstanding: 51.1 million; Market cap: $715.4 million;… Read More

Get a 4.6% yield from H&R REIT

Get a 4.6% yield from H&R REIT

The market plunge at the start of the COVID-19 crisis lowered the unit price of most REITs. That’s because the pandemic forced many businesses—and REIT tenants—to temporarily close. However, the pandemic has waned and rental markets are recovering. That will let this REIT maintain, or… Read More

Buy quality assets at a discount

POWER CORP. $34 is a buy. The conglomerate (Toronto symbol POW; Conservative-Growth Dividend Payer Portfolio, Finance sector; Shares outstanding: 668.1 million; Market cap: $22.7 billion; Dividend yield: 5.8%; Dividend Sustainability Rating: Above Average; www.powercorporation.com) is a holding company with a diversified list of businesses. Its primary investments are controlling… Read More

Bright prospects for both parent and spinoff

The market plunge at the start of the COVID-19 crisis lowered the unit price of most REITs. That’s because the pandemic forced many businesses—and REIT tenants—to temporarily close. However, the pandemic has waned, and rental markets are recovering. That will let these two REITs maintain,… Read More

Enjoy a 4.9% yield from H&R REIT

Enjoy a 4.9% yield from H&R REIT

Spinoffs tend to work out well as investors generally prefer “pure-play” companies that focus on a single business.

This REIT’s retail property spinoff has enhanced its appeal. In addition, the spinoff has let the REIT raise its monthly dividend payment.

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H&R REIT (Toronto symbol HR.UN; www.hr-reit.com)… Read More