These two REITs hold some of the best properties in Canada’s biggest cities. Those assets should let them keep raising your distributions.


ALLIED PROPERTIES REAL ESTATE INVESTMENT TRUST $21 is a buy. The REIT (Toronto symbol AP.UN; Cyclical-Growth Dividend Payer Portfolio, Manufacturing sector; Units outstanding: 139.8 million; Market cap: $2.9 billion; Distribution yield: 8.6%; Dividend Sustainability Rating: Above Average; 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%....

CANOE EIT INCOME FUND $13 (Toronto symbol EIT.UN; Units o/s: 171.4 million; Market cap: $2.2 billion; Divd. yield: 9.2%; www.canoefinancial.com) is a closed-end fund that invests in a portfolio of dividend paying stocks....

Procter & Gamble’s sales remain strong despite concerns that high inflation and interest rates would prompt consumers to switch to cheaper brands. The strong consumer loyalty reflects the trust customers place in the company’s brands, many of which are over a 100 years old.


Procter & Gamble’s brand power also helps to explain our confidence in the company’s ability to maintain annual dividend hikes, for 2024 and beyond.


PROCTER & GAMBLE CO....

A: Johnson Controls International, $58.50, symbol JCI on New York (Shares outstanding: 680.3 million; Market cap: $40.0 billion; www.johnsoncontrols.com), manufactures commercial and residential HVAC equipment, industrial refrigeration systems, controls, security systems, fire-detection systems and fire-suppression solutions.

The company also provides technical services, including maintenance, management, repair, retrofit and replacement of equipment (in the HVAC, industrial refrigeration, security and fire-protection markets)....

A: Procore Technologies Inc., $62.68, symbol PCOR on New York (Shares outstanding: 142.4 million; Market cap: $8.9 billion; www.procore.com) is a leading provider of cloud-based construction management software.

Procore’s software platform aims to let all parties in a construction project communicate with each other online, share data and programs that are stored on remote servers, and manage their workflows more effectively....

A: Warby Parker Inc., $12.34, symbol WRBY on New York (Shares outstanding: 97.4 million; Market cap: $1.4 billion; www.warbyparker.com), is a prescription eyewear seller founded in 2010 by four friends attending business school....

As I’ve often mentioned, the biggest risk you face as an investor is hidden or unrecognized conflicts of interest. It’s not because any one conflict of interest can do great damage to your finances. The risk comes out of the fact that conflicts of interest are everywhere.

That’s especially so with ESG (Environmental, Social and Governance) issues....

PULSE SEISMIC INC., $2.20, symbol PSD on Toronto, owns and licenses Canada’s largest seismic data library focused on the energy sector. The data covers the Western Canada Sedimentary Basin (WCSB) in Alberta, northeast British Columbia, Saskatchewan, Manitoba, Montana, parts of the Northwest Territories and the Yukon....

BIRCHCLIFF ENERGY LTD., $8.29, is a buy for aggressive investors. The company (symbol BIR on Toronto) develops and produces oil and gas, mainly in the Peace River Arch area of both Alberta and B.C. Its average output of 77,510 barrels of oil equivalent per day is 82% natural gas and 18% oil.

Cash flow in the quarter ended June 30, 2023, fell 75.9%, to $0.26 a share from $1.08 a year earlier....

CAMPBELL SOUP CO., $42.83, New York symbol CPB, is a buy.

Campbell last raised your quarterly dividend with the February 2021 payment. Investors now receive $0.37 a share, up 5.7% from $0.35. The new annual rate of $1.48 yields a solid 3.5%.

Under its new strategic plan, which began in 2018, Campbell sold most of its international and refrigerated-foods businesses....