The TSX-listed Canadian REITs we’ve identified have been the most popular among Canadian investors year to date
SmallCapPower | February 3, 2020: REITs are generally sound long-term investments, as they typically offer high dividend yields plus the potential for moderate, long-term capital appreciation. Because of the strong dividend income REITs provide, they are an important investment both for retirement savers and risk-adverse investors. REITs can fuel their dividends from the stable stream of contractual rents paid by the tenants of their properties. Today we are going to take a look at the Top 5 most popular Canadian REITs this year.
*Share price data as at January 30, 2020, data obtained from S&P Capital
Dream Industrial Real Estate Investment Trust (TSX:DIR.UN) – $14.07
Real Estate Investment Trusts
Dream Industrial REIT is a Canada-based industrial REIT with a portfolio of 209 industrial, distribution, and warehouse properties with 1,400+ tenants and an aggregate of 21.8M sq. ft of gross leasable area that are in Western Canada, Ontario, Quebec, and the U.S. On December 11, 2019, Dream Industrial announced the completion of a ~$173M equity raise, at $13.45 per unit. This follows the announcement of the sale of the Company’s Eastern Canada portfolio.
- Market Cap: $1,896.7M
- YTD-Return: +6.7%
- 90-Day Return: +3.6%
- 3-Year Return: +63.9%
- 90-Day Average Trading Volume: 485,860
- Dividend Yield: 5.0%
Canadian Apartment Properties Real Estate Investment Trust
(TSX:CAR.UN) – $56.85
Real Estate Investment Trusts
Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) is one of Canada’s largest residential landlords. CAPREIT is a growth-oriented investment trust owning interests in approximately 63,478 suites and sites across Canada, the Netherlands and Ireland. It owns, directly in Canada and indirectly in Netherlands through its investment in European Residential Real Estate Investment Trust (ERES), a total of 59,844 residential units, comprising 48,167 residential suites and 72 manufactured home communities comprising 11,677 sites located in and near urban centers.
- Market Cap: $9,665.4M
- YTD-Return: +6.9%
- 90-Day Return: +2.1%
- 3-Year Return: +78.6%
- 90-Day Average Trading Volume: 569,440
- Dividend Yield: 2.6%
Minto Apartment Real Estate Investment Trust (TSX:MI.UN) – $24.85
Real Estate Investment Trusts
Minto Apartment Real Estate Investment Trust owns income-producing, multi-residential condo properties located in high-quality urban markets in Canada, such as Toronto, Ottawa, Calgary and Edmonton. The Company currently has 669 suits in Toronto, 2,878 in Ottawa, 617 in Alberta, 971 in Montreal, for a total of 3,905 suites across Canada with an average monthly rent of $1,466.
- Market Cap: $901.4M
- YTD-Return: +6.3%
- 90-Day Return: +9.3%
- 3-Year Return: N/A
- 90-Day Average Trading Volume: 140,360
- Dividend Yield: 2.0%
Slate Retail REIT (TSX:SRT.UN) – $13.55
Real Estate Investment Trusts
Slate Retail REIT is a Canada-based trust that focuses on renting out properties, primarily to grocery stores across the United States. The Company owns and operates 84 real estate properties in 21 states that comprise ~11 million square feet. The Company’s major tenants include Walmart (NYSE:WMT), Lowe’s (NYSE:LOW) and Stop & Shop.
- Market Cap: $555.8M
- YTD-Return: +1.9%
- 90-Day Return: +2.3%
- 3-Year Return: -5.2%
- 90-Day Average Trading Volume: 68,920
- Dividend Yield: 8.7%
Granite Real Estate Investment Trust (TSX:GRT.UN) – $71.87
Real Estate Investment Trusts
Granite Real Estate Investment Trust is a Canada-based REIT engaged in the acquisition, development, ownership, and management of industrial, warehouse, and logistics properties in North America and Europe. As of July, Granite owns over 80 rental-income properties, representing ~34M square feet of leasable area. On November 5, Granite Real Estate Investment Trust announced its results for Q3/19. These results featured total revenue of $68.8M, a 2% increase from the previous quarter. The Company also posted net income of $114.5M, an increase of 16% from the previous quarter.
- Market Cap: $3,884.7M
- YTD-Return: +8.7%
- 90-Day Return: +9.3%
- 3-Year Return: +61.4%
- 90-Day Average Trading Volume: 166,820
- Dividend Yield: 4.2%
Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.
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