The top performing Canadian REITs on our list have delivered strong returns to investors during the past five years
SmallCapPower | October 25, 2017: Today we have identified some of the top performing Canadian REITs over the past five years. The REITs on our list invest in properties across North America and in Europe. Furthermore, the group on average has returned 71% since 2012, including dividends.
InterRent Real Estate Investment Trust (TSX:IIP.UN) – $8.43
Residential REITs
InterRent Real Estate Investment Trust is a residential REIT that focuses on investing in multi-family residential properties across Canada. InterRent owns 50 properties in Ontario and Quebec that comprise 8600 units.
- Market Cap: $706 Million
- 5 Year Total Return: 70.7%
- Dividend Yield: 2.9%
Pure Industrial Real Estate Trust (TSX:AAR.UN) – $6.75
Commercial REITs
Pure Industrial Real Estate Trust (PIRET) is a Canada-based investment trust that owns and operates a portfolio of industrial properties across North America. Pure REIT’s investment portfolio comprises a total of 168 properties that cover 22.7 million square feet. Pure REIT’s top tenants include large multinational corporations, such as FedEx, IKEA and Best Buy Inc.
- Market Cap: $2,065 Million
- 5 Year Total Return: 67.9%
- Dividend Yield: 4.6%
Granite Real Estate Investment Trust (TSX:GRT.UN) – $50.39
Commercial REITs
Granite Real Estate Investment Trust owns and operates industrial properties in nine countries across North America and Europe. The Company has 92 properties that cover 30.2 million square feet. Furthermore, Granite’s portfolio is worth $2.8 billion in property value. Granite’s tenants include Samsung, Dole, DHL and Mercedes-Benz.
- Market Cap: $2,376 Million
- 5 Year Total Return: 70.1%
- Dividend Yield: 5.2%
Firm Capital Property Trust (TSXV:FCD.UN) – $6.42
Diversified REITs
Firm Capital is a real estate investment trust that holds industrial, residential, and commercial properties across Canada. The Company owns 135 residential units paired with commercial and industrial properties comprising 1.4 million square feet. Firm Capital’s tenants include large retail and grocery stores, such as Staples, Metro and Sobeys.
- Market Cap: $82 Million
- 5 Year Return: 76.5%
- Dividend Yield: 6.9%
Disclosure: Neither the author nor any of the principals at SmallCapPower, or their family members, own units in any of the companies mentioned above.
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