Get a 4.1% yield from RioCan REIT

Get a 4.1% yield from RioCan REIT

This REIT’s plan to narrow its focus to major urban areas and to diversify into residential properties helped it weather COVID-19 lockdowns. The trust’s recent distribution increase is another sign its strategy is working.

The stock trades at 14.6 times the company’s 2022 cash flow forecast.

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CHOICE PROPERTIES REIT, $15.49, is a buy. The trust (Toronto symbol CHP.UN; Units outstanding: 723.4 million; Market cap: $11.3 billion; TSINetwork Rating: Extra Risk; Dividend yield: 4.8%; www.choicereit.ca) recently agreed to sell six office properties (3 in Toronto, 2 in Vancouver, and 1 in Montreal).
The buyer is ALLIED PROPERTIES REAL… Read More