5 Canadian REITs Set to Climb If the Fed Stands Pat

May’s poor employment report in the U.S. likely stopped a Federal Reserve rate hike this month, providing relief as well as a potential catalyst for the REITs on our list

SmallCapPower | June 14, 2016: A poor jobs report for the month of May makes a Federal Reserve interest rate hike this summer unlikely. If the U.S. continues to experience international headwinds, Canada is not expected to raise rates anytime soon either. Thus, Real Estate Investment Trusts (REITs) are less vulnerable as demand for housing and other properties continues to rise. Investors looking to enter this space may want to consider the REITs on our list, which exhibit great earnings potential.

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SciVacGranite Real Estate Investment Trust (TSE:GRT.UN) – $39.22
Commercial REITs

Granite Real Estate Investment Trust (Granite REIT) is a real estate investment trust (REIT) that operates through the ownership and rental of industrial real estate segment. The Company is engaged in the ownership and management of industrial, warehouse and logistics properties in North America and Europe. Granite also provides consulting and advisory services for real estate projects around the globe and is engaged exploring opportunities in emerging markets.

  • Market Cap: 1,441,687,372.21
  • Revenue: 172,985,670
  • FFO/Share: 2.68

SciVacBoardwalk Real Estate Investment Trust (TSE:BEI.UN) – $53.89
Residential REITs

Boardwalk Real Estate Investment Trust (Boardwalk REIT or the Trust) is an open-ended real estate investment trust focused on the acquisition, refurbishment, management and ownership, and where deemed appropriate the development, of multi-family residential communities within Canada. The Trust owns approximately 32,950 residential units within the Provinces of Alberta, Saskatchewan, Ontario and Quebec, representing over 30 million net rentable square feet.

  • Market Cap: 1,952,111,650.39
  • Revenue: 287,036,298
  • FFO/Share: 2.66

SciVacCanadian Real Estate Investment Trust (TSE:REF.UN) – $46.75
Commercial REITs

Canadian Real Estate Investment Trust is a Canada-based real estate investment trust. Its objective is to accumulate and manage a portfolio of real estate assets and to offer the benefits of real estate ownership to its unitholders. It operates through three segments: Retail, Industrial and Office. It owns and manages a real estate portfolio, which consists of retail, industrial and office properties throughout Canada. Its portfolio includes over 200 properties, which contains over 32.8 million square feet of gross leasable area, and it has interest at over 24.9 million square feet.

  • Market Cap: 215,285,203.21
  • Revenue: 308,738,068
  • FFO/Share: 2.42

SciVacDream Office Real Estate Investment Trust (TSE:D.UN) – $18.60
Commercial REITs

Dream Office Real Estate Investment Trust (the Trust), formerly Dundee Real Estate Investment Trust, is a Canada-based open-ended investment trust. The Trust’s segments include Western Canada, Calgary downtown, Calgary suburban, Toronto downtown, Toronto suburban, Eastern Canada and Other. It is engaged in building and maintaining a diversified portfolio of office properties in Canada, based on an established platform, and providing cash distributions to unitholders and managing distributions over time.

  • Market Cap: 114,570,744.63
  • Revenue: 599,152,843
  • FFO/Share: 2.11

SciVacNorthview Apartment REIT (TSE:NVU.UN) – $21.51
Residential REITs

Northview is Canada’s third largest publicly traded multi-family REIT with a portfolio of more than 24,000 quality residential suites in more than 60 markets across eight provinces and two territories. Northview’s portfolio spans markets characterized by expanding populations, growing economies, high occupancy levels, and rising rents, which provides Northview the means to deliver stable and growing profitability and cash distributions over time.

  • Market Cap: 773,911,968.32
  • Revenue: 256,461,693
  • FFO/Share: 1.82

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