Q: Pat, I am interested in adding to my REIT holdings and would like to know what your opinion is regarding adding REI.UN and CHP.UN to my TFSA account as opposed to placing them in a cash or registered account.

A: We see both RioCan REIT, $28.58, symbol REI.UN on Toronto, and Choice Properties REIT, $13.33, symbol CHP.UN on Toronto, as buys.

Which account to hold REITs in depends on an individual’s personal tax situation and what else they hold in their overall portfolio. However, here’s… Read More

This REIT’s strategy is set to strengthen investor returns

A leading office and retail property owner, this REIT has completed a major restructuring to sell its non-core properties and focus on big urban markets.

The company’s units yield a high 4.1%, which—along with a strong cash flow forecast for 2019—just adds to its appeal.


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DREAM… Read More

Q: Hello, Pat and company. I would like to know your opinion and recommendation on Summit Industrial Income REIT on the TSX. Thanks for all the great advice! Regards.

A: Summit Industrial Income REIT, $11.80, symbol SMU.UN on Toronto (Units outstanding: 96.3 million; Market cap: $1.2 billion; www.summitiireit.com), is an open-ended trust (see below) that owns light industrial properties across Canada.

As of December 31, 2018, the trust owned 108 buildings, making up 13.3 million… Read More