Enjoy a 5.4% yield from RioCan

Enjoy a 5.4% yield from RioCan

RioCan continues to build new residential, office and industrial properties to cut its exposure to the retail industry. New properties should help the firm raise investor distributions in the next few years.

All in all, the trust remains attractive thanks to its high-quality properties and… Read More

These REITs just raised their distributions

Thanks to the re-opening of offices and shopping malls with the end of COVID-19 restrictions, these two REITs are rewarding investors with higher distributions.
ALLIED PROPERTIES REAL ESTATE INVESTMENT TRUST $28 is a buy. The REIT (Toronto symbol AP.UN; Cyclical-Growth Dividend Payer Portfolio, Manufacturing sector; Units outstanding: 128.0… Read More

Hang onto this REIT fund

ISHARES S&P/TSX REIT INDEX ETF, $18.40, is a hold. The ETF (Toronto symbol XRE; buy or sell through brokers; ca.ishares.com) lets investors tap all 18 Canadian real estate investment trusts in the S&P/TSX REIT Index. Investors pay an MER of 0.61%, and the fund gives you a 4.4% yield.
The… Read More

Get a 4.8% yield from RioCan REIT

Get a 4.8% yield from RioCan REIT

This REIT mainly operates retail malls, which suffered at the height of the COVID-19 lockdowns of 2020. As a result, it cut distributions by a third.

However, most of its tenants have re-opened their stores and the trust is once again raising its monthly distributions.

We feel… Read More