The Canadian REITs on our list have strong dividend payouts that could appeal to income-seeking investors
SmallCapPower | February 7, 2018: Today we have discovered four small-cap Canadian REITs that have strong dividend yields. Canadian REITs as a sector have decreased by 3% over the past month, yet have still outperformed the TSX and TSXV, which returned -6% and -12%, respectively, over the same period. These REITs could appeal to value investors looking for income, as REITs have traditionally been an asset class with strong long-term returns.
PRO Real Estate Investment Trust (TSXV:PRV.UN) – $2.17
Established in 2013, PRO Real Estate Investment Trust focuses on markets in Quebec, Atlantic Canada and Ontario. The Company’s portfolio comprises 43 properties covering ~2.3 million square feet, rented for commercial operations.
- Market Cap: $119.2 Million
- 1 Month Total Return: -6.1%
- Total Revenue: $23.0 Million
- Dividend Yield: 9.7%
Slate Office REIT (TSX:SOT.UN) – $7.84
Slate Office Real Estate Investment Trust has assets across Canada. Currently, the Trust owns 38 office properties that comprise approximately 6.1 million square feet. Approximately half of its real estate assets are in Ontario.
- Market Cap: $450.3 Million
- 1 Month Total Return: -4.1%
- Total Revenue: $122.2 Million
- Dividend Yield: 9.6%
BTB Real Estate Investment Trust (TSX:BTB.UN) – $4.52
BTB Real Estate Investment Trust focuses on acquiring and renting out commercial, office and industrial properties across eastern Canada. Most of the REIT’s assets are situated in Ontario and Quebec. BTB owns a total of 70 properties that cover more than 5.2 million square feet.
- Market Cap: $218.9 Million
- 1 Month Total Return: -1.4%
- Total Revenue: $73.6 Million
- Dividend Yield: 9.3%
True North Commercial REIT (TSX:TNT.UN) – $6.46
Founded in 2012, True North Commercial REIT owns over 32 properties comprising approximately 2.16 million square feet. Most of the Trust’s assets are situated in Ontario and New Brunswick.
- Market Cap: $266.7 Million
- 1 Month Total Return: -3.0%
- Total Revenue: $41.4 Million
- Dividend Yield: 9.2%
Disclosure: Neither the author nor his/her family own shares in any of the companies mentioned above.
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