riocan

ISHARES S&P/TSX REIT INDEX ETF, $15.83, 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....

TOROMONT INDUSTRIES LTD. $115 (www.toromont.comwww.toromont.com) is a buy. The company distributes bulldozers, backhoe loaders and drills, mainly in eastern Canada and the U.S....

These two REITs own some of the best properties in Canada’s biggest cities. Despite the disruptions caused by the work from home and online shopping trends, those high-quality holdings should continue to attract tenants.


ALLIED PROPERTIES REAL ESTATE INVESTMENT TRUST, $20.10, is a buy. The REIT (Toronto symbol AP.UN; Units outstanding: 128.0 million; Market cap: $2.8 billion; TSINetwork Rating: Average; Dividend yield: 9.0%; www.alliedreit.com) owns 200 office buildings and 13 properties under development, mainly in major Canadian cities....

ENBRIDGE INC., $47.47, Toronto symbol ENB, is a buy.

The company operates pipelines that pump oil and natural gas from Western Canada to eastern Canada and the U.S. It also distributes gas to 3.8 million consumers in Ontario and Quebec.

With the March 2024, payment, Enbridge will raise your quarterly dividend by 3.1%....

These two REITs own some of the best properties in Canada’s biggest cities. Despite the disruptions caused by the work from home and online shopping trends, those high-quality holdings should continue to attract tenants and let these REITs keep raising your distributions.


ALLIED PROPERTIES REAL ESTATE INVESTMENT TRUST $17 is a buy. The REIT (Toronto symbol AP.UN; Cyclical-Growth Dividend Payer Portfolio, Manufacturing sector; Units outstanding: 139.8 million; Market cap: $2.4 billion; Distribution yield: 10.6%; Dividend Sustainability Rating: Above Average; www.alliedreit.com) owns 200 office buildings and 13 properties under development, mainly in major Canadian cities....

TD BANK, $77.49, (Toronto symbol TD; Shares outstanding: 1.8 billion; Market cap: $141.7 billion; TSINetwork Rating: Above Average; Dividend yield: 5.0%; www.td.com) merged its 43%-owned U.S....

RIOCAN REAL ESTATE INVESTMENT TRUST $18 (www.riocan.com) is a buy. The REIT owns all or part of 193 shopping centres and other properties across Canada, as well as 11 projects under development. RioCan plans to spend between $400 million and $450 million on new developments in 2023....

SUNCOR ENERGY INC., $44.03, Toronto symbol SU, is a buy.

The company is Canada’s largest integrated oil firm, with major projects in the Alberta oil sands. It also operates four refineries (three in Canada and one in Colorado), along with 1,875 Petro-Canada gas stations.

Suncor has now agreed to buy French oil producer TotalEnergies SE’s remaining Canadian operations, including its 31.23% stake in the Alberta’s Fort Hills oil sands project, for $1.47 billion....

Allied Properties REIT and RioCan REIT both continue to focus on Canada’s top markets. All in all, each trust remains attractive thanks to its high-quality properties and tenants.


ALLIED PROPERTIES REAL ESTATE INVESTMENT TRUST, $17.23, is a buy. The REIT (Toronto symbol AP.UN; Units outstanding: 128.0 million; Market cap: $2.2 billion; TSINetwork Rating: Average; Dividend yield: 10.5%; www.alliedreit.com) owns 199 office buildings and 13 properties under development, mainly in major Canadian cities.


With the January 2023 payment, Allied raised your monthly distribution by 2.9%....

ISHARES S&P/TSX REIT INDEX ETF, $16.23, 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....