riocan
Toronto symbol REI.UN, is Canada’s largest REIT. It specializes in large, Big Box-style retail shopping centres.
It isn’t often we can confidently recommend to you a stock with a high 5.3% distribution yield. But, RioCan is one exception as its high-quality properties generate plenty of cash flow to keep your distributions steady. What’s more, the REIT continues to make moves designed to raise its cash flow and your prospects for higher returns.
RioCan’s shift away from suburban big-box malls to big city properties with a better mix of office and residential space will drive that growth....
RioCan’s shift away from suburban big-box malls to big city properties with a better mix of office and residential space will drive that growth....
PENGROWTH ENERGY, $0.055, is a sell for our subscribers. The troubled energy producer (Toronto symbol PGF; Shares outstanding: 547.4 million; Market cap: $28.0 million; TSINetwork Rating: Speculative; No dividends paid; www.pengrowth.com) has two main properties: its Lindbergh oil sands project in Alberta, and its Groundbirch natural gas property in northeastern B.C.
Pengrowth has now accepted a takeover offer....
Pengrowth has now accepted a takeover offer....
RIOCAN REAL ESTATE INVESTMENT TRUST, $27, is a buy. The REIT (Toronto symbol REI.UN; Aggressive Growth Portfolio, Manufacturing & Industry sector; Units outstanding: 304.2 million; Market cap: $8.2 billion; Price-to-sales ratio: 6.5; Dividend yield: 5.3%; TSINetwork Rating: Average; www.riocan.com) continues to focus on six major urban markets: Toronto, Montreal, Ottawa, Calgary, Edmonton and Vancouver....
The six ETFs we update below mainly hold high-quality stocks that are widely traded on Canadian and U.S. exchanges. Each fund tracks the performance of a major stock market index. That’s different from ETFs focused on narrower indexes or themes such as cryptocurrencies or biotechnology.
Of course, you pay brokerage commissions to buy and sell these investments....
Of course, you pay brokerage commissions to buy and sell these investments....
RIOCAN REAL ESTATE INVESTMENT TRUST $26.23 (Toronto symbol REI.UN; Units outstanding: 303.8 million; Market cap: $8.1 billion; TSINetwork Rating: Average; Dividend yield: 5.5%; www.riocan.com) owns all or part of 217 shopping centres and other properties across Canada....
CHEMTRADE LOGISTICS INCOME FUND $11 (Toronto symbol CHE.UN; High-Growth Payer Portfolio, Manufacturing & Industry sector; Units o/s: 92.6 million; Market cap: $1.0 billion; Dividend yield: 10.9%; Dividend Sustainability Rating: Average; www.chemtradelogistics.com) is one of the largest removal-service providers for resource firms that create acid and sulphur by-products....
ISHARES S&P/TSX REIT INDEX ETF $19.77 (Toronto symbol XRE; buy or sell through brokers; ca.ishares.com) holds all 19 Canadian real estate investment trusts in the S&P/TSX REIT Index. The fund has an MER of 0.61%, and it currently yields a high 4.1%.
The ETF’s top holdings are Canadian Apart....
The ETF’s top holdings are Canadian Apart....
Today’s low interest rates are a big plus for Canadian REITs, but some investors fear that their eventual rise will hurt the returns for those trusts. However, most REITs have already moved to refinance much of their debt at today’s low fixed rates. This protects them against future increases....
RIOCAN REAL ESTATE INVESTMENT TRUST $26 (Toronto symbol REI.UN; Aggressive Growth Portfolio, Manufacturing & Industry sector; Units outstanding: 304.2 million; Market cap: $7.9 billion; Price-to-sales ratio: 6.5; Dividend yield: 5.5%; TSINetwork Rating: Average; www.riocan.com) continues to focus on six major urban markets: Toronto, Montreal, Ottawa, Calgary, Edmonton and Vancouver.
Under that plan, RioCan has agreed to buy Kingsett Capital’s 50% interest in Toronto’s Yonge Sheppard Centre for $331 million....
RIOCAN REAL ESTATE INVESTMENT TRUST $26.02 (Toronto symbol REI.UN; Units outstanding: 303.8 million; Market cap: $7.9 billion; TSINetwork Rating: Average; Dividend yield: 5.5%; www.riocan.com) owns all or part of 230 shopping centres and other properties across Canada....