riocan
Toronto symbol REI.UN, is Canada’s largest REIT. It specializes in large, Big Box-style retail shopping centres.
ISHARES S&P/TSX REIT INDEX ETF, $14.53, is a hold. The ETF (Toronto symbol XRE; buy or sell through brokers; ca.ishares.com) lets you tap all 21 Canadian real estate investment trusts in the S&P/TSX REIT Index. Investors pay a MER of 0.61%, and the REIT fund gives you a high 6.3% yield.
The ETF’s top holdings are Canadian Apartment REIT (15.4%), RioCan REIT (8.8%), Granite REIT (8.7%), Allied REIT (8.6%), Choice Props....
The ETF’s top holdings are Canadian Apartment REIT (15.4%), RioCan REIT (8.8%), Granite REIT (8.7%), Allied REIT (8.6%), Choice Props....
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. That hurt rent collection for REITs, and cut cash available for distributions. However, payments from these two REITs still look secure thanks to their high-quality properties and tenants.
RIOCAN REAL ESTATE INVESTMENT TRUST, $15.01, is a buy. The REIT (Toronto symbol REI.UN; Units o/s: 317.7 million; Market cap: $4.8 billion; TSINetwork Rating: Average; Divd....
RIOCAN REAL ESTATE INVESTMENT TRUST, $15.01, is a buy. The REIT (Toronto symbol REI.UN; Units o/s: 317.7 million; Market cap: $4.8 billion; TSINetwork Rating: Average; Divd....
ISHARES S&P/TSX REIT INDEX ETF, $14.93, is a hold. The ETF (Toronto symbol XRE; buy or sell through brokers; ca.ishares.com) lets you tap all 21 Canadian real estate investment trusts in the S&P/TSX REIT Index. Investors pay a MER of 0.61%, and the REIT fund gives you a high 6.3% yield.
The ETF’s...
RioCan recently assured investors that its current distribution is sustainable. Its confidence is partly due to government loans to help businesses, including RioCan’s mall tenants, pay their rent during the COVID-19 shutdown. In addition, the REIT’s new residential properties help cut its reliance on the retail industry....
RIOCAN REAL ESTATE INVESTMENT TRUST $17 is still a buy. The REIT (Toronto symbol REI.UN; Aggressive Growth Portfolio, Manufacturing & Industry sector; Units outstanding: 317.7 million; Market cap: $5.4 billion; Price-to-sales ratio: 4.1; Dividend yield: 8.5%; TSINetwork Rating: Average; www.riocan.com) owns all or part of 220 shopping centres and other properties across Canada.
Due to COVID-19, RioCan collected 55% of its total rental payments in April 2020....
Due to COVID-19, RioCan collected 55% of its total rental payments in April 2020....
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The market drop in the wake of COVID-19 has lowered most stock and REIT prices regardless of how severe the fallout was or wasn’t for individual companies. Still, all REITs face the virus’s very real impact on their cash flow as tenants struggle to pay rent.
While there are no guarantees, it would seem that our top-quality REIT picks will maintain your distributions barring a very long economic downturn.
Meanwhile, assuming—as you should—that RioCan and Allied Properties survive the current recession, they will recover to substantially higher prices....
While there are no guarantees, it would seem that our top-quality REIT picks will maintain your distributions barring a very long economic downturn.
Meanwhile, assuming—as you should—that RioCan and Allied Properties survive the current recession, they will recover to substantially higher prices....
Introduction
Successful Investors always give dividend stocks the respect they deserve and most view them as the foundation of a sound and profitable investment portfolio.
But finding the right dividend payers can be challenging for new investors as well as experienced ones....
TORSTAR CORP. $0.38 (www.torstar.com) remains a hold, but only for highly aggressive investors. The COVID-19 outbreak has forced many businesses to temporarily shut down. As a result, they are cutting spending on advertising....
IMPERIAL OIL LTD. $18 is still a buy for the Resources sector of your portfolio. The integrated oil producer (Toronto symbol IMO; Conservative Growth and Income Portfolios; Shares outstanding: 743.9 million; Market cap: $13.4 billion; Price-to-sales ratio: 0.4; Dividend yield: 4.9%; TSINetwork Rating: Average; www.imperialoil.ca) is cutting its 2020 capital spending plans by about 30% due to sharply lower crude oil prices....