A REIT, or Real Estate Investment Trust, is a company that owns or finances income-producing real estate. It would provide investors of all types regular income streams, diversification and long-term capital appreciation. REITs typically pay out most of their taxable income as dividends to shareholders.
According to a report released by the Real Property Association of Canada (REALpac) titled “The Contribution of the Industrial Real Estate Sector to the Canadian Economy”, the construction and investment in industrial buildings and their ongoing operations make a substantial contribution to the Canadian economy, producing $21.7 billion in annual economic activity in various ways by supporting 111,900 jobs each year, generating $7.0 billion in income & $4.4 billion in corporate profits & $2.6 billion in personal and corporate income tax revenues for the federal and provincial governments.
Today we have shortlisted 7 Canadian REIT stocks with operations in the industrial real estate sector that would benefit from the ongoing activity in that sector. Moreover, we note that these stocks reported decent rental income growth during the trailing 12-month period. During the past one month, these stocks have recorded daily average trading volumes in excess of 100,000.
| Company Name |
Ticker |
Exchange |
Market Cap |
Last Price |
Average Volume |
Price Change (1-Month) |
TTM Rental Income |
TTM Rental Income Growth |
|
Pure Industrial Real Estate Trust |
AAR-U |
TSX |
838.4 |
4.42 |
1,287,975 |
-0.9% |
134.1 |
44.1% |
|
Artis Real Estate Investment Trust |
AX-U |
TSX |
1,979.8 |
14.68 |
438,681 |
-5.7% |
491.8 |
10.4% |
|
Calloway Real Estate Investment Trust |
CWT-U |
TSX |
3,568.9 |
26.94 |
299,590 |
-1.9% |
605.5 |
7.8% |
|
Dream Industrial Real Estate Investment Trust |
DIR-U |
TSX |
462.5 |
8.40 |
159,037 |
-7.6% |
162.8 |
6.5% |
|
Dream Office Real Estate Investment Trust |
D-U |
TSX |
2,711.3 |
25.09 |
451,193 |
-10.0% |
708.4 |
5.8% |
|
Canadian Real Estate Investment Trust |
REF-U |
TSX |
3,317.5 |
46.10 |
188,181 |
-7.2% |
388.3 |
4.7% |
|
Cominar Real Estate Investment Trust |
CUF-U |
TSX |
2,870.4 |
18.20 |
876,479 |
-3.1% |
685.5 |
4.5% |
Source: Bloomberg
TTM: Trailing twelve months
Company Description
Pure Industrial Real Estate Trust (TSX: AAR-U)
Pure Industrial Real Estate Trust (PIRET) is a real estate investment trust. The Trust acquires, owns, and operates a diversified portfolio of income producing industrial properties in both primary markets across Canada.
Artis Real Estate Investment Trust (TSX: AX-U)
Artis Real Estate Investment Trust is a real estate investment trust that acquires and maintains a portfolio of properties. The company’s initial focus is on retail and industrial commercial properties located in Western Canada.
Calloway Real Estate Investment Trust (TSX: CWT-U)
Calloway Real Estate Investment Trust is a open-ended mutual fund trust that acquires, holds, maintains, leases, and manages real property. The Company is currently focusing on acquiring shopping centers, office buildings, and industrial buildings located in western Canada.
Dream Industrial Real Estate Investment Trust (TSX: DIR-U)
Dream Industrial Real Estate Investment Trust is a real estate investment trust. The Trust focuses on acquiring and owning primarily industrial properties and managing such properties to provide cash flows and returns.
Dream Office Real Estate Investment Trust (TSX: D-U)
Dream Office Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust. The trust acquires and manages office and industrial properties throughout Canada.
Canadian Real Estate Investment Trust (TSX: REF-U)
Canadian Real Estate Investment Trust is a real estate investment trust which owns and operates a diversified portfolio of properties in Canada. The company’s income producing properties consist of retail, industrial, and office properties.
Cominar Real Estate Investment Trust (TSX: CUF-U)
Cominar Real Estate Investment Trust is an unincorporated closed-end investment trust. The Trust’s portfolio consists of income producing office, retail, industrial, and mixed use properties primarily located in the Greater Quebec City Area.
