These top REITs offer you long-term gains

Article Excerpt

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. That’s on top of continuing to provide you with dependable income. RIOCAN REAL ESTATE INVESTMENT TRUST, $16.58, is a buy. The REIT (Toronto symbol REI.UN; Units o/s: 317.2 million; Market cap: $5.3 billion; TSINetwork Rating: Average; Divd. yield: 8.7%; www.riocan.com) offer you a stake in 225 shopping centres and other properties across Canada. They include 14 projects under development. In all, RioCan controls 39.3 million square feet of rentable space. Its overall occupancy rate is a..