Intro to REITs

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Hello,

I’ve always been hesitant about REITs. I’ve been burned in the past and have grown very cynical about them in general. I avoid them altogether.
But I know I should diversify, and REITs are something that I’m missing in my portfolio.

Have any advice or recommendations for Canadian REITs that have strong growth and dividend growth?

I’m not a fan of REITs that can’t grow their dividends. RioCan has been a past disappointment of mine.

Thanks

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Asked on March 29, 2021 2:55 pm
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Private answer

Hey there! We actually have 3 featured REITs here at Premium.

One is a Foundational Stock in Granite REIT (TSE:GRT.UN), which you can read about here:

https://www.stocktrades.ca/premium/stocktrades-foundation-stocks/

And the other two are on our Dividend Bull List.

One of them is a new residential REIT called Minto Apartment REIT. We believe the company is in a strong position to provide both capital and dividend growth. You can read our full report here:

https://www.stocktrades.ca/premium/individual-dividend-picks/minto-apartment-reit-mi-un/

And the second is CT REIT (Canadian Tire's REIT). In our opinion, this is one of the best in class commercial REITs in Canada. The REIT is backed by one of the strongest brands in the country and while many retail REITs in Canada were slashing dividends and showing very poor rental numbers during COVID, CT REIT was largely unimpacted. You can read our report here:

https://www.stocktrades.ca/premium/individual-dividend-picks/ct-reit-crt-un/

Some nice options here on the residential, industrial and retail front. I know some members own all 3, to gain broad exposure to the Canadian real estate sector, all while avoiding office and other typical retail plays.

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Posted by Dan Kent
Answered on March 29, 2021 3:08 pm
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