H&R makes a big purchase

H&R REIT $23.01 (Toronto symbol HR.UN; Units outstanding: 195.2 million; Market cap: $4.5 billion; TSINetwork Rating: Extra Risk; Dividend yield: 5.9%; www.hr-reit.com) reports that acquisitions pushed up its revenue by 29.3% in the three months ended December 31, 2012, to $230.5 million from $178.2 million… Read More

Primaris agrees to takeover

PRIMARIS RETAIL REIT $27.22 (Toronto symbol PMZ.UN; Units outstanding: 98.2 million; Market cap: $2.7 billion; TSINetwork Rating: Extra Risk; Dividend yield: 4.7%; www.primarisreit.com) has now agreed to a joint takeover bid from rivals H&R REIT $23.02 (Toronto symbol HR.UN; Units outstanding: 194.7 million; Market cap:… Read More

RioCan expands in southern Ontario

RIOCAN REAL ESTATE INVESTMENT TRUST $27 (Toronto symbol REI.UN; Aggressive Growth Portfolio, Manufacturing & Industry sector; Units outstanding: 299.0 million; Market cap: $8.1 billion; Price-to-sales ratio: 5.3; Dividend yield: 5.2%; TSINetwork Rating: Average; www.riocan.com) has agreed to buy a mall in Oakville, Ontario, plus 50%… Read More

H&R bids for Primaris

PRIMARIS RETAIL REAL ESTATE INVESTMENT TRUST $27.02 (Toronto symbol PMZ.UN; Units outstanding: 97.8 million; Market cap: $2.6 billion; TSINetwork Rating: Extra Risk; Dividend yield: 4.7%; www.primarisreit.com) has received a friendly $28-a-share takeover bid. The offer is from H&R REAL ESTATE INVESTMENT TRUST $23.73 (Toronto symbol… Read More

Two top safety-conscious REITs

RIOCAN REAL ESTATE INVESTMENT TRUST $27.48 (Toronto symbol REI.UN; Units outstanding: 295.9 million; Market cap: $8.2 billion; TSINetwork Rating: Average; Dividend yield: 5.0%; www.riocan.com) is Canada’s largest real estate investment trust (REIT). It has interests in 278 shopping malls in Canada, including 10 under development… Read More