riocan
Toronto symbol REI.UN, is Canada’s largest REIT. It specializes in large, Big Box-style retail shopping centres.
ISHARES CDN REIT SECTOR INDEX FUND $16.48 (Toronto symbol XRE; buy or sell through brokers; ca.ishares.com) holds the 15 Canadian real estate investment trusts in the S&P/TSX Capped REIT Index. The weight of each REIT is limited to 25% of the ETF’s value.
iShares CDN REIT’s expenses are 0.60% of its assets. The fund yields 4.9%.
The ETF’s largest holding is RioCan REIT at 19.9%, followed by H&R REIT (15.1%), Canadian REIT (7.5%), Dream Office REIT (7.2%), Calloway REIT (6.6%), Canadian Apartment REIT (6.0%), Boardwalk REIT (6.0%), Allied Properties REIT (5.8%), Cominar REIT (5.3%), Artis REIT (4.8%), Chartwell REIT (4.5%), Granite REIT (4.5%), Crombie REIT (2.3%), Dream Global REIT (2.2%) and Northern Property REIT (2.1%).
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iShares CDN REIT’s expenses are 0.60% of its assets. The fund yields 4.9%.
The ETF’s largest holding is RioCan REIT at 19.9%, followed by H&R REIT (15.1%), Canadian REIT (7.5%), Dream Office REIT (7.2%), Calloway REIT (6.6%), Canadian Apartment REIT (6.0%), Boardwalk REIT (6.0%), Allied Properties REIT (5.8%), Cominar REIT (5.3%), Artis REIT (4.8%), Chartwell REIT (4.5%), Granite REIT (4.5%), Crombie REIT (2.3%), Dream Global REIT (2.2%) and Northern Property REIT (2.1%).
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RIOCAN REAL ESTATE INVESTMENT TRUST $27.64 (Toronto symbol REI.UN; Units outstanding: 304.4 million; Market cap: $8.4 billion; TSINetwork Rating: Average; Dividend yield: 5.1%; www.riocan.com) is Canada’s largest real estate
investment trust (REIT), with interests in 340 shopping malls containing over 82 million square feet of leasable area. That total includes 47 U.S. malls with over 13 million square feet.
In the three months ended March 31, 2014, RioCan’s revenue increased 6.4%, to $299 million from $281 million a year earlier. Cash flow per unit rose 2.4%, to $0.42 from $0.41, on more units outstanding.
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investment trust (REIT), with interests in 340 shopping malls containing over 82 million square feet of leasable area. That total includes 47 U.S. malls with over 13 million square feet.
In the three months ended March 31, 2014, RioCan’s revenue increased 6.4%, to $299 million from $281 million a year earlier. Cash flow per unit rose 2.4%, to $0.42 from $0.41, on more units outstanding.
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RIOCAN REAL ESTATE INVESTMENT TRUST (Toronto symbol REI.UN; www.riocan.com) is Canada’s largest real estate investment trust (REIT), with interests in 340 shopping malls containing over 82 million square feet of leasable area. That total includes 47 U.S. malls with over 13 million square feet. In the three months ended March 31, 2014, RioCan’s revenue increased 6.4%, to $299 million from $281 million a year earlier. Cash flow per unit rose 2.4%, to $0.42 from $0.41, on more units outstanding. RioCan continues to see growth opportunities in Canada and the U.S. In 2013, it spent $849 million on 32 properties. In the first quarter of 2014, it bought two more for a total of $21 million....
RIOCAN REAL ESTATE INVESTMENT TRUST $27 (Toronto symbol REI.UN; Aggressive Growth Portfolio, Manufacturing & Industry sector; Units outstanding: 304.8 million; Market cap: $8.2 billion; Price-to-sales ratio: 5.9; Dividend yield: 5.2%; TSINetwork Rating: Average; www.riocan.com) continues to work with joint venture partners to buy mixed-use properties, particularly in urban areas....
RIOCAN REAL ESTATE INVESTMENT TRUST $27.64 (Toronto symbol REI.UN; Units outstanding: 304.4 million; Market cap: $8.4 billion; TSINetwork Rating: Average; Dividend yield: 5.1%; www.riocan.com) is Canada’s largest real estate
investment trust (REIT), with interests in 340 shopping malls containing over 82 million square feet of leasable area....
investment trust (REIT), with interests in 340 shopping malls containing over 82 million square feet of leasable area....
ISHARES CDN REIT SECTOR INDEX FUND $16.48 (Toronto symbol XRE; buy or sell through brokers; ca.ishares.com) holds the 15 Canadian real estate investment trusts in the S&P/TSX Capped REIT Index. The weight of each REIT is limited to 25% of the ETF’s value.
iShares CDN REIT’s expenses are 0.60% of its assets....
iShares CDN REIT’s expenses are 0.60% of its assets....
RIOCAN REAL ESTATE INVESTMENT TRUST $27
ALLIED PROPERTIES REAL ESTATE INVESTMENT TRUST $34.29 (Toronto symbol AP.UN; Units outstanding: 68.7 million; Market cap: $2.4 billion; TSINetwork Rating: Extra Risk; Dividend yield: 4.1%; www.alliedpropertiesreit.com) owns 133 office buildings, mostly in major Canadian cities. These mainly Class I properties contain over 9.5 million square feet of leasable area.
Class I refers to 19th- and early-20th-century light industrial buildings that have been converted to retail space. They usually feature exposed beams, interior brick and hardwood floors.
The trust bought $400 million worth of properties in 2012. In 2013, it added $182.4 million more.
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Class I refers to 19th- and early-20th-century light industrial buildings that have been converted to retail space. They usually feature exposed beams, interior brick and hardwood floors.
The trust bought $400 million worth of properties in 2012. In 2013, it added $182.4 million more.
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RioCan, along with other real estate investment trusts (REITs), faces several challenges that are beyond its control. For example, interest rates will likely rise in the next few years, making bonds more appealing to income-seekers and hurting REITs. Meanwhile, rising online competition has forced retailers that sell books, music and electronics to close stores.
However, RioCan is taking steps to continue prospering....
However, RioCan is taking steps to continue prospering....
ALLIED PROPERTIES REAL ESTATE INVESTMENT TRUST $34.29 (Toronto symbol AP.UN; Units outstanding: 68.7 million; Market cap: $2.4 billion; TSINetwork Rating: Extra Risk; Dividend yield: 4.1%; www.alliedpropertiesreit.com) owns 133 office buildings, mostly in major Canadian cities....