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4 Canadian REITs with Strong Expected Dividend Growth

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Analysts expect the Canadian REITs on our list to increase their dividend payouts over the coming year

SmallCapPower | February 28, 2018: REITs remain a strong long-term investment amidst the continued market volatility. Canadian REITs have decreased 1% YTD, outperforming the TSX, which decreased 3%. These four Canadian REITs on our list today are expected to have strong dividend growth over the coming year, indicating that they could be a strong value add to your portfolio.

Granite Real Estate Investment Trust (TSX:GRT.UN) – $50.26
Commercial REITs

Granite REIT is a Canada-based trust currently focused on industrial properties in North America and Europe. The Company manages a portfolio of over 90 properties that cover a combined 32 million square feet. Granite’s tenants include multinationals such as DHL (ETR:DPW), Mercedes Benz (ETR:DAI), Samsung (KRX:005930) and Magna International (TSX:MG).

  • Market Cap: $2,357.4 Million
  • Dividend Yield: 5.4%
  • Dividend Per Share Growth FY2017/FY2016: 7.4%
  • Dividend Per Share Growth FY2018/FY2017: 4.4%

CT Real Estate Investment Trust (TSX:CRT.UN) – $13.39
Commercial REITs

CT REIT owns a Canada-wide portfolio of assets leased primarily to Canadian Tire Corporation (TSX:CTC.A). The Company owns ~300 retail properties containing over 24.6 million sq. ft. of leasable area.

  • Market Cap: $1,218.6 Million
  • Dividend Yield: 5.4%
  • Dividend Per Share Growth FY2017/FY2016: 4.3%
  • Dividend Per Share Growth FY2018/FY2017: 3.6%

Killam Apartment REIT (TSX:KMP.UN) – $13.67
Residential REITs

Killam Apartment REIT operates residential apartments in Nova Scotia, New Brunswick, Newfoundland, PEI, Ontario, and Alberta. The Company operates 224 properties, totaling 14,545 apartment units and 5,165 manufactured home units.

  • Market Cap: $1,106.6 Million
  • Dividend Yield: 4.5%
  • Dividend Per Share Growth FY2017/FY2016: 1.6%
  • Dividend Per Share Growth FY2018/FY2017: 3.4%

Choice Properties Real Estate Investment Trust (TSX:CHP.UN) – $11.80
Commercial REITs

Choice Properties REIT operates 546 properties with ~44 million sq. ft. in gross leasable area. Most of these properties are rented by Loblaw’s (TSX:L), and some also have ancillary tenants. Choice’s portfolio also includes industrial, office, and undeveloped properties.

  • Market Cap: $1,112.8 Million
  • Dividend Yield: 6.3%
  • Dividend Per Share Growth FY2017/FY2016: 2.9%
  • Dividend Per Share Growth FY2018/FY2017: 2.2%

Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.

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