riocan
Toronto symbol REI.UN, is Canada’s largest REIT. It specializes in large, Big Box-style retail shopping centres.
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.
CHOICE PROPERTIES REIT $14 is a top pick for 2021....
CHOICE PROPERTIES REIT $14 is a top pick for 2021....
GREAT-WEST LIFECO, $36.51, is still a hold. The insurer (Toronto symbol GWO; shares outstanding: 928.4 million; Market cap: $34.3 billion; TSINetwork Rating: Above Average; Dividend yield: 4.8%; www.greatwestlifeco.com) recently paid $4.4 billion for the retirement services business of Massachusetts Mutual Life Insurance Company....
RioCan cut its distributions as retail lockdowns in the key Ontario market hurt rental revenue. However, the REIT’s new developments will cut its exposure to retailers, which should push your units higher in the next few years.
RIOCAN REAL ESTATE INVESTMENT TRUST $20 remains a buy. This REIT (Toronto symbol REI.UN; Aggressive Growth Portfolio, Manufacturing & Industry sector; Units outstanding: 317.7 million; Market cap: $6.4 billion; Price-to-sales ratio: 5.5; Distribution yield: 4.8%; TSINetwork Rating: Average; www.riocan.com) owns all or part of 223 shopping centres and other properties across Canada, with 38.3 million square feet of gross leasable space....
RIOCAN REAL ESTATE INVESTMENT TRUST $20 remains a buy. This REIT (Toronto symbol REI.UN; Aggressive Growth Portfolio, Manufacturing & Industry sector; Units outstanding: 317.7 million; Market cap: $6.4 billion; Price-to-sales ratio: 5.5; Distribution yield: 4.8%; TSINetwork Rating: Average; www.riocan.com) owns all or part of 223 shopping centres and other properties across Canada, with 38.3 million square feet of gross leasable space....
RIOCAN REAL ESTATE INVESTMENT TRUST, $19.77, is a buy. The REIT (Toronto symbol REI.UN; Units o/s: 317.7 million; Market cap: $6.2 billion; TSINetwork Rating: Average; Divd. yield: 4.9%; www.riocan.com) continues to make strong progress on The Well, a major mixed-use project in downtown Toronto.
The Well comprises 1.2 million square feet of office space plus 420,000 square feet of retail space....
The Well comprises 1.2 million square feet of office space plus 420,000 square feet of retail space....
These two REITs have had to cut their payouts to investors in the past few years. Still, as a result, their new distribution rates are much more stable—while continuing to offer you a high yield.
DREAM OFFICE REIT $21 is a buy. The REIT (Toronto symbol D.UN; Cyclical-Growth Dividend Payer Portfolio; Manufacturing sector; Units outstanding: 55.9 million; Market cap: $1.2 billion; Dividend yield: 4.8%; Dividend Sustainability Rating: Average; www.dream.ca) launched a three-year strategic initiative in 2016....
DREAM OFFICE REIT $21 is a buy. The REIT (Toronto symbol D.UN; Cyclical-Growth Dividend Payer Portfolio; Manufacturing sector; Units outstanding: 55.9 million; Market cap: $1.2 billion; Dividend yield: 4.8%; Dividend Sustainability Rating: Average; www.dream.ca) launched a three-year strategic initiative in 2016....
RIOCAN REAL ESTATE INVESTMENT TRUST $17 is a buy. The REIT (Toronto symbol REI.UN; Cyclical-Growth Dividend Payer Portfolio, Manufacturing sector; Units outstanding: 317.7 million; Market cap: $5.4 billion; Dividend yield: 5.6%; Dividend Sustainability Rating: Average; www.riocan.com) owns all or part of 221 shopping centres and other properties across Canada....
EMERA INC. $54 is a buy. The company (Toronto symbol EMA; Income Portfolio, Utilities sector; Shares outstanding: 249.4 million; Market cap: $13.5 billion; Price-to-sales ratio: 2.4; Dividend yield: 4.7%; TSINetwork Rating: Average; www.emera.com) owns 100% of Nova Scotia Power, that province’s main electricity supplier....
The market plunge in the wake 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 cash available for distributions. However, these two REITs remain attractive thanks to their high-quality properties and tenants.
RIOCAN REAL ESTATE INVESTMENT TRUST, $17.74, is a buy. The REIT (Toronto symbol REI.UN; Units o/s: 317.7 million; Market cap: $5.7 billion; TSINetwork Rating: Average; Divd....
RIOCAN REAL ESTATE INVESTMENT TRUST, $17.74, is a buy. The REIT (Toronto symbol REI.UN; Units o/s: 317.7 million; Market cap: $5.7 billion; TSINetwork Rating: Average; Divd....
RioCan’s units have suffered as COVID-19 prompts more consumers to shop online instead of at its malls. However, most of its tenants provide essential products and services. That strengthens the reliability of their rental payments and will let RioCan maintain its current distribution rate.
RIOCAN REAL ESTATE INVESTMENT TRUST $14 is a buy. The REIT (Toronto symbol REI.UN; Aggressive Growth Portfolio, Manufacturing & Industry sector; Units outstanding: 317.7 million; Market cap: $4.4 billion; Price-to-sales ratio: 3.6; Dividend yield: 10.3%; TSINetwork Rating: Average; www.riocan.com) owns 221 shopping centres and other properties across Canada, including 15 projects under development....
RIOCAN REAL ESTATE INVESTMENT TRUST $14 is a buy. The REIT (Toronto symbol REI.UN; Aggressive Growth Portfolio, Manufacturing & Industry sector; Units outstanding: 317.7 million; Market cap: $4.4 billion; Price-to-sales ratio: 3.6; Dividend yield: 10.3%; TSINetwork Rating: Average; www.riocan.com) owns 221 shopping centres and other properties across Canada, including 15 projects under development....
RIOCAN REAL ESTATE INVESTMENT TRUST, $14.06, is a buy. The REIT (Toronto symbol REI.UN; Units o/s: 317.7 million; Market cap: $4.4 billion; TSINetwork Rating: Average; Divd. yield: 10.2%; www.riocan.com) offers you a stake in 221 shopping centres and other properties across Canada....