What is Pat’s commentary for the week of September 28, 2021

The COVID-19 pandemic and the resulting government-imposed lockdowns hurt Canada’s bricks-and-mortar retailers, except those deemed “essential” like supermarkets and drug stores. Although most regions have since eased their COVID restrictions, customer traffic and sales remain below pre-pandemic levels. However, our long-time favourite, Canadian Tire, is… Read More

Their new developments cut your risk

Choice Properties and RioCan continue to build new residential and industrial properties to cut their exposure to the retail industry. Their new properties—along with store reopenings as the pandemic eases—should help both REITs raise their distributions in the next few years.

Get a 4.3% yield from RioCan REIT

Get a 4.3% yield from RioCan REIT

This firm cut its distributions as retail lockdowns in its key Ontario market hurt rental revenue. However, new developments will cut its exposure to retailers, which should push the units higher in the next few years. 

The REIT still collected 93.9% of its rents in the… Read More

Cut your risk with their quality tenants

The market plunge at the start of the COVID-19 crisis lowered prices for most REITs. That’s because the pandemic forced many businesses to temporarily close. This hurt rent collection for REITs and cut their cash available for distributions. However, these two REITs remain attractive thanks… Read More