Since reviewing the basics of REITs last week, I received a lot of questions asking if I was ever going to review individual Canadian REITs. We here at the Loonie Bin aim to please our readers, so we uncovered some of the more popular REITs available on the TSX. If we listed all of them then this wouldn’t be a glance, it would be more like an awkward stare. As always, please do your own research before making any investment decision. Here they are in no particular order:
Rio Can REIT
- Rio Can is Canada’s largest REIT focused on retail real estate.
- Their portfolio is chock full of supermarkets and shopping centers across Canada and in the north eastern U.S and Texas.
- Current Stock Price: $27.24
- Yearly Distribution: $1.38
- Current Yield: 5.06%
- Distribution Growth: Was solid up until the 2008/2009 financial crises.
Crombie REIT: CRR.UN
- Largest landlord in Atlantic Canada but is expanding west with properties across 9 provinces
- Focused on income generated retail and office properties
- Current Stock Price: $15.09
- Yearly Distribution: $0.89
- Current Yield: 5.89%
- Distribution Growth: Somewhat stagnant thanks to the 2008/2009 financial crises.
Calloway REIT: CWT.UN
- Manage properties across Canada.
- Focused on retail and shopping centers.
- Current Stock Price: $28.95
- Yearly Distribution: $1.55
- Current Yield: 5.35%
- Distribution Growth: Stagnant since 2008/2009 (Hmm, I sense a pattern here).
Dundee REIT: D.UN
- Own and operate properties in key urban centers across Canada
- Focused on office space and industrial properties
- Current Stock Price: $36.65
- Yearly Distribution: $2.20
- Current Yield: 6%
- Distribution Growth: A flat line that extends across the last decade.
Boardwalk REIT: BEI.UN
- Canada’s largest public owner/operator of multi-family rental communities.
- Focused on residential rental income properties.
- Current Stock Price: $64.27
- Yearly Distribution: $1.92
- Current Yield: 2.98%
- Distribution Growth: Solid up until 2008/2009 and started increasing again in 2012
Well that’s enough REITs for now. I will try and come up with a more diversified list for a part 2 in the near future. Until then I hope your dividends always increase!