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, $15.09, is a hold. The ETF (Toronto symbol XRE; buy or sell through brokers; ca.ishares.com) lets investors tap all 16 Canadian real estate investment trusts in the S&P/TSX REIT Index....
While higher interest rates have increased the appeal of bonds and hurt REITs in the past year, Choice Properties and RioCan remain excellent ways for investors to earn income. We see both as buys.
CHOICE PROPERTIES REIT, $12.95, is a buy. Canada’s biggest REIT (Toronto symbol CHP.UN; Units o/s: 327.9 million; Market cap: $9.4 billion; TSINetwork Rating: Average; Dividend yield: 5.9%; www.choicereit.ca) owns 705 retail, industrial, office space and residential properties with 66.1 million square feet of gross leasable area....
CHOICE PROPERTIES REIT, $12.95, is a buy. Canada’s biggest REIT (Toronto symbol CHP.UN; Units o/s: 327.9 million; Market cap: $9.4 billion; TSINetwork Rating: Average; Dividend yield: 5.9%; www.choicereit.ca) owns 705 retail, industrial, office space and residential properties with 66.1 million square feet of gross leasable area....
3M COMPANY, $105.26, New York symbol MMM, is still a buy for long-term gains.
The company makes over 55,000 consumer and industrial goods. Its main brands include Post-it notes, Scotch tape, Scotch-Brite cleaning products, Scotchguard protection and Thinsulate insulation.
On April 1, 2024, 3M completed its plan to spin off its Health Care division as an independent firm called SOLVENTUM CORP., $62.38, New York symbol SOLV, which is a hold. That business makes products to treat and prevent infection in wounds, dental filling materials, and filtration and purification products.
Shareholders received one share of Solventum for every four shares they held....
The company makes over 55,000 consumer and industrial goods. Its main brands include Post-it notes, Scotch tape, Scotch-Brite cleaning products, Scotchguard protection and Thinsulate insulation.
On April 1, 2024, 3M completed its plan to spin off its Health Care division as an independent firm called SOLVENTUM CORP., $62.38, New York symbol SOLV, which is a hold. That business makes products to treat and prevent infection in wounds, dental filling materials, and filtration and purification products.
Shareholders received one share of Solventum for every four shares they held....
CANADIAN TIRE CORP., $144.07, Toronto symbol CTC.A, is a buy.
Investors benefit from the company’s 502 Canadian Tire stores. They sell automotive parts and services, and household and sporting goods; franchisees run most of the locations. The company’s other operations also enrich its outlook....
Investors benefit from the company’s 502 Canadian Tire stores. They sell automotive parts and services, and household and sporting goods; franchisees run most of the locations. The company’s other operations also enrich its outlook....
These two REITs focus mainly on retail shopping malls, which adds risk. However, their high-quality properties continue to attract new tenants and help retain existing ones. As a result, both REITs recently raised their distributions.
RIOCAN REAL ESTATE INVESTMENT TRUST $18 is a buy. The REIT (Toronto symbol REI.UN; Cyclical-Growth Dividend Payer Portfolio, Manufacturing sector; Units outstanding: 300.5 million; Market cap: $5.4 billion; Dividend yield: 6.2%; Dividend Sustainability Rating: Average; www.riocan.com) owns all or part of 188 shopping centres and other properties across Canada, including nine under development, three of which are 100% owned, while the other six are co-owned....
LOBLAW COMPANIES LTD. $149 is a buy. Canada’s largest food seller (Toronto symbol L; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 316.4 million; Market cap: $47.1 billion; Price-to-sales ratio: 0.8; Dividend yield: 1.2%; TSINetwork Rating: Above Average; www.loblaw.ca) is adding more discount-price stores as customers deal with high inflation and interest rates.
In 2024, the company will open 40 new discount stores....
While rising interest rates have increased the appeal of bonds and hurt REITs in the past year, Choice Properties and RioCan remain excellent ways for investors to earn income. We see both as buys.
CHOICE PROPERTIES REIT, $13.45, is a buy. Canada’s biggest REIT (Toronto symbol CHP.UN; Units o/s: 327.9 million; Market cap: $9.7 billion; TSINetwork Rating: Average; Dividend yield: 5.6%; www.choicereit.ca) owns 705 retail, industrial, office space and residential properties with 66.1 million square feet of gross leasable area....
CHOICE PROPERTIES REIT, $13.45, is a buy. Canada’s biggest REIT (Toronto symbol CHP.UN; Units o/s: 327.9 million; Market cap: $9.7 billion; TSINetwork Rating: Average; Dividend yield: 5.6%; www.choicereit.ca) owns 705 retail, industrial, office space and residential properties with 66.1 million square feet of gross leasable area....
These two REITs focus on urban properties in Canada’s biggest cities. Those high-quality assets should continue to help them attract tenants and sustain their distributions.
ALLIED PROPERTIES REAL ESTATE INVESTMENT TRUST $18 is a buy. The REIT (Toronto symbol AP.UN; Cyclical-Growth Dividend Payer Portfolio, Manufacturing sector; Units o/s: 128.0 million; Market cap: $2.3 billion; Dist....
CANADIAN TIRE CORP., $140.01, Toronto symbol CTC.A, is a buy.
Investors benefit from the company’s 502 Canadian Tire stores. They sell automotive parts and services, and household and sporting goods; franchisees run most of the locations....
Investors benefit from the company’s 502 Canadian Tire stores. They sell automotive parts and services, and household and sporting goods; franchisees run most of the locations....
MANULIFE FINANCIAL, $29.72, is a buy. This safety-conscious blue-chip company (Toronto symbol MFC; Shares o/s: 1.8 billion; Market cap: $53.8 billion; TSINetwork Rating: Above Average; Yield: 4.9%; www.manulife.ca) is one of Canada’s largest life insurers....