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
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
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
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
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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