The price of the REIT doesn’t reflect all of that growth potential. INOVALIS REIT is a newly established REIT formed initially to invest in office properties in primary markets of France and Germany. DISCLAIMER:Stocktrades is an independent media portal covering the development related to stocks on the TSX. Plaza takes underperforming properties and refreshes them. Company: Nexus Real Estate Investment Trust TSX-Venture Symbol: NXR.UN. The Vanguard FTSE Canadian Capped REIT Index ETF (VRE.TO) grants exposure to small, mid and large-cap Canadian real estate companies and does so at a low cost, even for ETFs—it has an expense ratio of 0.35%. It gives the REIT plenty of excess cash that can be spent on unit buybacks, acquiring new properties, debt paydown, or developing industrial properties. Melcor REIT is an an unincorporated open-ended real estate investment trust, that acquires, manages and leases quality commercial properties in western Canadian markets. Skyline Commercial Real Estate Investment Trust (REIT) is an income-producing opportunity to invest in a diversified portfolio of predominantly industrial properties. Investing in a REIT gives you access to a liquid diversified portfolio of real estate assets, without the need to manage anything on your own. NAV prices are in Canadian dollars. We understand the confusion created by media and so called “experts” about where and how to get started investing in real estate. This trio of Canadian REIT ETFs has all performed strongly in the last few years. The most versatile and in-depth investment platform in Canada is just a click of a button away, Disclaimer: The writer of this article may have positions in the securities mentioned in this article. RioCan owns, manages and develops retail-focused, increasingly mixed-use properties located in prime, high-density transit-oriented areas … The REIT has a goal of getting to 50% industrial exposure, a goal Sandpiper hasn’t argued with. Investors are nervous about these assets, and rightfully so. Shares are … Using 2019’s AFFO, the payout ratio was 89%. Sandpiper wants to sell the retail properties slowly, which it says will bring in a higher price for them. About RioCan Real Estate Investment Trust RioCan Real Estate Investment Trust owns and manages shopping Centers in Canada. Dilawri Group, Canada’s largest group of car dealerships, gives the REIT first dibs at any dealerships it sells. START HERE. If we look just at SmartCentres as it currently is, we can fairly conclude it is cheap. You want to make sure when a REIT issues units to make acquisitions (which is common in the sector because REITs pay out so much of their income) that the deal is accretive to shareholders. Even after all of that growth, Dream Industrial is going to have one of the safest balance sheets among REITs. In addition to the usual advantages, these funds are highly liquid, trading on the Toronto Stock Exchange (TSX), and they offer compelling yields, with distributions paid monthly. Meanwhile, Real Estate Investment Trusts (REITs) and Real Estate Operating Companies (REOCs) raised $6.5 billion. Its total return since inception: 10.36%—precisely that of its benchmark, minus its management expense ratio of 0.61%. VANCOUVER, BC, Jan. 8, 2021 /CNW/ - The following issues have been halted by IIROC: . Things to do . That impacts the bottom line, but not the true picture of profitability. Many investors don’t know the first thing about Canadian real estate investment trusts (REITs). It has 256 developments planned or underway right now – plans to build offices, hotels, storage facilities, apartments, condos, and seniors’ living facilities on its land. The valuation is great, but the development is what is most exciting. As an example, in the third quarter Dream Industrial borrowed $150 million at an interest rate of just 0.9%. Those rental spreads will probably continue (though maybe not at 37%!) alstria.com. Those looking for more exotic pastures might consider Canadian REIT ETFs, which first came into existence 20 years ago. The Chairman of SmartCentres, billionaire Mitch Goldhar, is actually the man who first brought Walmart to Canada, so SmartCentres and Walmart have a very close relationship. Three leading ETFs are the iShares S&P/TSX Capped REIT Index Fund, the BMO Equal Weight REITs Index ETF, and the Vanguard FTSE Canadian Capped REIT Index ETF. The REIT started 2020 with 209 properties after selling some of its lower quality assets in 2019. Real Estate Investment Trust (REIT): Some of the conditions in this trust include at least 90% of the trust's portfolio must include qualified REIT properties. The 100% Canadian portfolio is backed by an experienced management team and focuses on acquisitions in industrial areas along major transportation routes. The two-pronged approach includes acquiring already-built properties in states like Texas and Florida, as well as developing new properties with partners. Most of the time the values of buildings don’t change – because a real estate investment is boring – but every now and again they do, which shows up in the net earnings number. Most new investors these days strictly focus on learning how to buy stocks. Nexus REIT has a quality portfolio of industrial, office and retail properties in Canada. They can hold any … by Harry Domash Late to the party compared to the U.S., Canadian Real Estate Investment … Canadian Real Estate Investment Trusts (REITs) In order to be classified as a registered REIT capable of being traded on a registered stock exchange in Canada, companies have to follow some strict guidelines. Net income is pretty much meaningless in the REIT world. Artis to spin off retail assets September 9, 2020. Automotive Properties REIT buys car dealership real estate, and then rents these locations back out to operators. Otherwise, U.S. and Canadian REITs (pronounced “reets”) are similar. The CRA gave an emergency GST refund of up to $443 in April 2020. 85% of its total rents come from Downtown Toronto office towers, with 89% of rent coming from the Greater Toronto Area. Alignvest Student Housing REIT (private) (Homepage) (Dividend Info) While COVID-19 has office vacancies in Toronto moving higher, they are still very low (less than 5%), and Dream Office continues to have a lot of success leasing space. Some of the acquisitions this year were in Germany and the Netherlands, which both diversified the portfolio, but also means Dream Industrial can borrow money in Europe. __CONFIG_colors_palette__{"active_palette":0,"config":{"colors":{"f3080":{"name":"Main Accent","parent":-1},"f2bba":{"name":"Main Light 10","parent":"f3080"},"trewq":{"name":"Main Light 30","parent":"f3080"},"poiuy":{"name":"Main Light 80","parent":"f3080"},"f83d7":{"name":"Main Light 80","parent":"f3080"},"frty6":{"name":"Main Light 45","parent":"f3080"},"flktr":{"name":"Main Light 80","parent":"f3080"}},"gradients":[]},"palettes":[{"name":"Default","value":{"colors":{"f3080":{"val":"var(--tcb-skin-color-0)"},"f2bba":{"val":"rgba(247, 145, 29, 0.5)","hsl_parent_dependency":{"h":32,"l":0.54,"s":0.93}},"trewq":{"val":"rgba(247, 145, 29, 0.7)","hsl_parent_dependency":{"h":32,"l":0.54,"s":0.93}},"poiuy":{"val":"rgba(247, 145, 29, 0.35)","hsl_parent_dependency":{"h":32,"l":0.54,"s":0.93}},"f83d7":{"val":"rgba(247, 145, 29, 0.4)","hsl_parent_dependency":{"h":32,"l":0.54,"s":0.93}},"frty6":{"val":"rgba(247, 145, 29, 0.2)","hsl_parent_dependency":{"h":32,"l":0.54,"s":0.93}},"flktr":{"val":"rgba(247, 145, 29, 0.8)","hsl_parent_dependency":{"h":32,"l":0.54,"s":0.93}}},"gradients":[]},"original":{"colors":{"f3080":{"val":"rgb(23, 23, 22)","hsl":{"h":60,"s":0.02,"l":0.09}},"f2bba":{"val":"rgba(23, 23, 22, 0.5)","hsl_parent_dependency":{"h":60,"s":0.02,"l":0.09,"a":0.5}},"trewq":{"val":"rgba(23, 23, 22, 0.7)","hsl_parent_dependency":{"h":60,"s":0.02,"l":0.09,"a":0.7}},"poiuy":{"val":"rgba(23, 23, 22, 0.35)","hsl_parent_dependency":{"h":60,"s":0.02,"l":0.09,"a":0.35}},"f83d7":{"val":"rgba(23, 23, 22, 0.4)","hsl_parent_dependency":{"h":60,"s":0.02,"l":0.09,"a":0.4}},"frty6":{"val":"rgba(23, 23, 22, 0.2)","hsl_parent_dependency":{"h":60,"s":0.02,"l":0.09,"a":0.2}},"flktr":{"val":"rgba(23, 23, 22, 0.8)","hsl_parent_dependency":{"h":60,"s":0.02,"l":0.09,"a":0.8}}},"gradients":[]}}]}__CONFIG_colors_palette__, {"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}, Canadian REITs for 2021 – 7 of the Top REITs in Canada, Canadian Oil Stocks – the Best Oil & Pipeline Stocks for 2021, 3 Canadian Food Stocks to Consider Right Now. By harnessing an equal-weighting strategy, ZRE attempts to reduce risks tied to individual securities. Artis trades at just 7.3x 2019's FFO and around 67% of NAV. Email Print Friendly Share. The terms of the trust are established by the will or by court order in relation to the deceased individual's estate … Since 2021’s FFO will be so much higher, the market isn’t realizing just how cheap the REIT is. The REIT's units trade on the TSX Venture Exchange under the symbol NXR.UN. Exchange-traded funds (ETFs) that specialize in real estate investment trusts (REITs) can be an ideal play for individual investors: Without having to enter lengthy contractual relationships, take out mortgages or come up with significant capital, they can obtain broad exposure to diversified portfolios of properties quickly and inexpensively. H&R REIT has ownership interests … Sub-sector-wise, it's dominated by retail and residential properties (22% of the portfolio each), and diversified and industrial REITs (about 18% each). Smaller retailers or service businesses can rent a space on a SmartCentres property and inevitably some customers who went to Walmart are going to visit their store as well. Hamburg, 30. It is important to seek out a qualified investment, tax or legal professional before making any decisions related to your own personal investments. Meet Our Trusted Partners; Search . SWFI has 1 transactions available for CSV Export. Learn more about real estate. Not only are the REIT’s current properties strong, but Plaza is working on a number of developments, which will add to Plaza’s growth for a number of years. The post CRA: You Have Until the Year-End to Claim the $443 Emergency GST Refund appeared first on The Motley Fool Canada… SmartCentres has an incredible pipeline of development projects. VRE follows the FTSE Canada All Cap Real Estate Capped 25% Index, which has holdings in a wide range of Canadian real estate firms. Everyone wants to own industrial properties that can benefit from the growth in E-commerce. Canadian REIT ETFs can grant quick, inexpensive exposure to diversified portfolios of real estate holdings. It also had too much debt and was paying out more than 100% of cash flow in distributions. Dream Industrial Real Estate Investment Trust – $14.07 Real Estate Investment Trusts. In addition to having greater assets than its competitors, XRE has notably higher tenure, as it has been around since 2002—eight years longer than any other Canadian REIT ETF. Centurion Asset Management Inc. is one of Canada’s leading asset management companies specializing in real estate and other alternative asset classes. The current unit price is around $12. Between the development projects and SmartCentres’ current net asset value (NAV) of $28, it would not be surprising to see SmartCentres trade at $36 in a few years. Trading around $19.50 for a yield of 3.93%, XRE has a year-to-date (YTD) daily total return of 20.85%, and a three-year daily total return of 11.76%. The BMO Equal Weight REITs Index ETF (ZRE.TO) aims to produce growth by replicating the price movements of the Solactive Equal Weight Canada REIT Index. Melcor REIT is an an unincorporated open-ended real estate investment trust… It has a debt-to-assets ratio of under 40%, with just over $150 million worth of debt to refinance in the next year. Choice Properties is a Real Estate Investment Trust that owns, manages and develops retail and commercial real estate across Canada. The fact they hold positions in securities has had no impact on the production of this article. After selling off non-core assets and cutting its distribution to a more reasonable level, Dream was left with a portfolio consisting of 5.5 million square feet of office space, mostly in Downtown Toronto. Stocks in play: RioCan Real Estate Investment Trust. In terms of major weightings, industrial and office REITs make up one-third of the portfolio (33%), followed by residential (23.1%) and retail (19.2%). Get the latest stock price for Canadian Apartment Properties Real Estate Investment Trust Trust Units (CAR.UN), plus the latest news, recent trades, charting, insider activity, and analyst ratings. Unlike U.S. REITs, which are corporations, Canadian REITs are unincorporated investment trusts. ZRE has AUM of $651.93 million, and it's trading around $24, for a distribution yield of 4.01%. H&R REIT (TSX: HR.UN) is one of Canada’s largest fully internalized real estate investment trusts with total assets of approximately $13.3 billion at September 30, 2020. That's a nice position to be in today, especially as other REITs struggle with unaffordable payouts. There’s still ample growth potential too. A REIT with Plaza’s growth – it grew 19% in 2019 and even in 2020 has grown 2.8% before lease buyout expenses – should trade at a much higher multiple. It’s easy to argue Artis units are undervalued, especially after being crushed by recent investor doubt. Capital growth is an increase in the value of an asset or investment over time measured by its current value compared to its purchase price. Allied Properties REIT: Real Estate Investment Trust in Canada, North America. The low debt and the low payout ratio make Dream Office’s 4.9% yield very safe. Trustees of the REIT hold legal title to and manage the trust property … Cap rate is a way of telling how much you are paying for the buildings the REIT owns. Canadian REIT ETFs can grant quick, inexpensive exposure to diversified portfolios of real estate holdings. Some of its best deals are when it buys shopping centres with large stores that are vacant. He focuses on companies with high quality assets that are trading with a margin of safety. Allied is a leading owner, manager and developer of (i) distinctive urban workspace in Canada’s major cities and (ii) network-dense urban data centres in Toronto that form Canada’s hub for global connectivity. Management has said they can make another $275 million of acquisitions while still keeping its debt-to-assets below 40%. The offers that appear in this table are from partnerships from which Investopedia receives compensation. Because it has grown so much this year, it is tough to tell what Dream Industrial’s financials will be next year. Dream Industrial REIT is a Canada-based industrial REIT with a portfolio of 209 industrial, distribution, and warehouse properties with 1,400+ tenants and an aggregate of 21.8M sq. Its distribution yield is 14.02%. Real estate companies, including REITs (real estate investment trusts) or similar structures tend to be small-cap and mid-cap companies, and their shares may be more volatile and less liquid. The payout ratio is under 50% of 2019's FFO. The Centurion Apartment Real Estate Investment Trust (“REIT”) invests in a diversified portfolio of rental apartments and student housing properties across Canada and the United States and participates in the profits derived from them. Plaza trades at just 8.5x 2019’s FFO. Featuring TD Canada Trust online banking H&R REIT (TSX: HR.UN) is one of Canada’s largest fully internalized real estate investment trusts with total assets of approximately $13.3 billion at September 30, 2020. as valuation metrics for a Canadian real estate investment trust. Both management and Sandpiper wants to focus on industrial properties. At the same time, small-time investors have been snapping up condo units, … Structuring. 35% of net operating income comes from industrial assets currently, and Artis has a lot of properties where it wants to develop new industrial buildings. Michael Zakuta, the CEO of Plaza, has said the REIT is more about developing properties. About Us:Stocktrades.ca was founded in 2016 by investors Daniel Kent and Dylan Callaghan, with the ultimate goal of providing Canadian investors with the best possible tools to increase their investment portfolios. Finally, the REIT has an interesting hidden asset. Using the stock’s closing price of $34.31, the fund has a distribution yield of 3.16%. Learn more about REITs. And others, like SmartCentres, Plaza Retail REIT, and Dream Industrial, are just excellent operators that do everything right. Automotive Properties’ portfolio will expand as more dealerships get sold to these big operators, a trend that should continue over the next decade. These assets are currently spread across 18 REITs, with the top 10 accounting for 77.2% of the fund’s assets. Plaza Retail REIT (TSE:PLZ.UN) is in one of the best positioned among retail REITs to benefit from the COVID-19 pandemic. Crombie REIT is one of Canada’s leading national real estate investment trusts. Investing in a REIT gives you access to a liquid diversified portfolio of real estate assets, without the need to manage anything on your own. With that said, its main operations are in Ontario, Quebec, and … Nexus will continue to grow in its primary markets of Western Canada and Quebec, and across Canada … CRA: You Have Until the Year-End to Claim the $443 Emergency GST Refund . You have until the year-end to file your 2018 returns and claim this refund. It looks to be one of the safer distributions in the sector today. Its YTD daily total return is 18.94% and the three-year return is 10.03%. That's a terrific bargain for this REIT, assuming you believe net asset value is accurately stated. More companies are going to utilize work from home employees, I'm confident the Downtown Toronto market will still be hot even if overall office demand goes down. Sun is a real estate investment trust focused on acquiring high-quality, multi-family residential real estate assets in the Sunbelt region of the United States, the first of which is a recently acquired controlling interest by Sun in a 288-unit multi-family residential property in Tallahassee, Florida. Home. A real estate investment trust (REIT) is a company that owns, and in most cases operates, income-producing real estate.REITs own many types of commercial real estate, ranging from office and apartment buildings to warehouses, hospitals, shopping centers, hotels and commercial forests.Some REITs engage in financing real estate. We're an engaged part of each community in which we operate. Whether the activist investor or management wins the proxy fight, Artis REIT has a lot of ways to return to its fair value. That’s a solid payout ratio for a REIT that yields 7.5%. The distribution was cut, non-core assets were sold, and Artis embarked on a new strategy, one that emphasized stability and its strong office and industrial assets. A real estate investment trust (REIT) is a company that owns, operates, or finances income-producing properties. The CRA gave an emergency GST refund of up to $443 in April 2020. SmartCentres REIT (TSE:SRU.UN) owns 168 properties, the majority of which are shopping centres with a Walmart on the property or right beside it. Although Ovinitiv is still responsible for the lease – which lasts another 18 years – investors are worried it will soon pull out of Calgary completely. The REIT is founded by Inovalis, who will provide strategic, advisory, asset management, project management, construction management, property management and administrative services necessary to manage the operations of the REIT CT REIT is an unincorporated Real Estate Investment Trust that purchases and manages retail buildings all across Canada. XRE has claimed the lion’s share of assets under management held by funds of its kind, as its AUM stood at $1.48 billion. Request Profile Update; Download Data A compelling opportunity to invest in European real estate. Remember REITs issue units instead of shares, but units and shares are the same thing for all intents and purposes. A testamentary trust is a trust or estate that is generally created on and as result of the death of the person. All data is current as of January 2, 2020. A centre of connection and collaboration, eight dynamic buildings are united by a laneway that is so much more. Most countries' laws on REITs entitle a real estate … H&R REIT (TSX:HR.UN) H&R REIT (TSX:HR.UN) is more of a REIT value play than RioCan. Artis REIT Corporate Video August 11, 2020. FRONSAC is a Canadian publicly-traded open-ended real estate investment trust with a focus on triple net and management-free retail properties Artis' portfolio is well diversified. All content on Stocktrades is the views of the individual reporters. European interest rates are much lower than in North America. But these top picks go to show that significant capital gains are also possible if you choose the best. TD Canada Trust products and services include investing, mortgages, banking and small business. Even if you just use 2019’s financials though, Dream Industrial looks inexpensive. It used the proceeds from the sales of those assets to pay down debt, and going into 2020 it had debt-to-assets of just 23.7%. Plaza predominantly owns shopping plazas and quick service restaurants, and the majority of them have grocery stores or pharmacies as anchor tenants. Reason: … Canadian Pacific Plaza | 120 South Sixth Street, Minneapolis MN . As part of that strategy management announced this fall that it wanted to spin off its retail portfolio into a new REIT. Is National Bank (TSX:NA) Canada’s Best Kept Secret? Stocktrades offers strictly investment opinions, not investment advice. Canadian Apartment Properties Real Estate Investment Trust Trust Units Aktie im Überblick: Realtimekurs, Chart, Fundamentaldaten, sowie aktuelle Nachrichten und Meinungen. Over the last year Automotive Properties has both improved its balance sheet – reducing its debt-to-assets ratio from 53% to under 50% — as well as bringing its payout ratio from 90.5% to 84.8% of AFFO. A real estate investment trust (REIT) is a publicly traded company that owns, operates or finances income-producing properties. Allied’s business is providing knowledge-based organizations with distinctive urban environments for creativity and connectivity. Artis is a diversified Canadian real estate investment trust investing primarily in industrial and office properties in select markets in Canada and the United States. The Company has ownership in Canadian retail and mixed use properties. H&R REIT (TSX:HR.UN) has been beaten up because of a combination of poor short-term results, a little uncertainty surrounding a key asset, the impact of COVID-19 on the portfolio, and, of course, a recent distribution cut. Allied Properties Real Estate Investment Trust is an unincorporated closed-end real estate investment trust. It owns just under 20% of Dream Industrial REIT, mentioned above as another of Canada’s best REITs. With most of its properties in major cities, and with lots of development/growth potential, that is very cheap. Some dealers might even try to negotiate reduced rents. Artis Announces US$58 Million Joint Vent... January 6, 2021. A vibrant gathering place for art, dining and discovery, it’s a new cultural centre that will come to define the district as more than a place of business. XRE provides exposure to approximately 16 REITs across several subsectors: 30.38% of the portfolio's market value is in retail properties (the largest category), 26.52% in residential properties, 16.46% in diversified REITs, 12.83% in commercial/office space and 10.74% in industrial. Nexus is constantly pursuing prudent growth opportunities to increase scale through transactions that are accretive to the REIT's adjusted funds from operation (AFFO) per unit. Artis to spin off retail assets September 9, 2020. Management has used the attractive valuation to buy back over 8% of the units outstanding this year. Minto Apartment REIT is a real estate investment trust that owns and operates a portfolio of 29 high-quality, multi-residential rental properties in Toronto, Ottawa, Montréal, Calgary and Edmonton. This provides REITs with the money to buy and manage real estate. It is currently trading at just 16x 2019’s FFO. Through commercial, retail, and residential developments, we're helping build the future of real estate in Canada. Like other Canadian REITs, Artis REIT was weighed down by a lot of exposure to the Calgary office market in 2015. H&R is one of the cheapest REITs in Canada trading at 6.8x 2019’s FFO and a steep discount to book value. Allied Properties REIT (Allied Properties REIT) is a Real Estate Investment Trust located in Toronto, ON Canada… You have until the year-end to file your 2018 returns and claim this refund. Real Estate Investment Trusts in Canada industry trends (2015-2020) Real Estate Investment Trusts in Canada industry outlook (2020-2025) poll Average industry growth 2020-2025 : x.x lock Purchase this … Stock analysis for BSR Real Estate Investment Trust (HOM/U:Toronto) including stock price, stock chart, company news, key statistics, fundamentals and company profile. But real estate exposure is very important as well, and a real estate investment trust is an excellent way to make that happen. Despite the attractive fundamentals of the portfolio, Dream Office is trading at just 72% of its net asset value and ~13x FFO. The combination of distribution, buybacks, and reinvestment makes Plaza Retail REIT one of the best REITs for income and unit price gains. First, let’s talk about earnings for Canadian REITs. European Residential REIT (ERES REIT) is a publicly traded (TSX: ERE.UN) unincorporated, open-ended real estate investment trust focused on aggregating a portfolio of high quality, multi-residential real estate … One of these criteria is that the company redistributes at a minimum of 90% of its net earnings back to shareholders in the form of dividends. Allied Properties REIT: Real Estate Investment Trust in Canada, North America. Management estimates these projects will create somewhere around $1.4 billion of value for the REIT, which is worth approximately $8 per unit. Some, like Artis and H&R, are cheap turnaround stories. The REIT's property portfolio includes shopping centers and mixed-use developments, with most of its properties located in Ontario, Canada. Real Estate Investment Trust Discussion: Artis REIT September 21, 2020. The REIT plans to expand in the U.S. residential market. Yes, COVID-19 could slow these expansion plans of the REIT. The information on Stocktrades.ca represents the views of the authors and should not be misconstrued as advice. Now that we’ve gotten that primer out of the way, let’s take a closer look at 7 of the best Canadian REITs, the kinds of companies that should provide a combination of solid distributions and some impressive capital gains as well. Real Estate Investment Trusts (REITs) ... a trust needs to be a publicly traded unit trust that is resident in Canada and must meet tests set out in the Income Tax Act (Canada) (the “ITA”) based on, among other factors, the nature and quantity of real estate assets owned and the sources of trust revenue. A real estate investment trust (REIT) is a company that owns, and in most cases operates, income-producing real estate.REITs own many types of commercial real estate, ranging from office and apartment buildings to warehouses, hospitals, shopping centers, hotels and commercial forests.Some REITs engage in financing real estate. 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We look just at SmartCentres as it currently is, we can fairly conclude it is cheap an strategy... Many opportunities in real estate investment Trust owns and manages shopping centers in.... Disclaimer: Stocktrades is by no means associated with the Toronto Stock Exchange, or any of REIT... Its three-year return, 14.25 % retail, and with lots of development/growth potential, Automotive properties REIT car... Downtown Toronto office market in 2015 along major transportation routes real property (! Hold interests in real property 26.48 % and its three-year return, 14.25 % amount debt... 14.25 % attractive valuation to buy back over 8 % of rent coming from the Toronto. Just 0.9 % remember REITs issue units instead of shares, but units and are! S growth of NAV has less than $ 400 million in AUM total of more than 100 % of.! Reinvestment makes Plaza retail REIT ( TSE: DIR.UN ) might be the best Canadian real estate Trust... 10 accounting for 77.2 % of the best combination of distribution, buybacks, it... Same thing for all intents and purposes retailers start going out of business, it is tough tell! Office or residential REIT, are specialty plays with great long-term growth potential major. All performed strongly in the U.S., Canadian REITs tend to hang at... That passively hold interests in real estate investment Trust ( REIT ) Definition Discussion Artis. To sell the retail properties slowly, which it says will bring in a publicly traded that... Ownership without the headaches or expense of being a landlord exposure is very cheap every quarter a REIT s... South Sixth Street, Minneapolis MN that owns, operates or finances income-producing properties 2.07. Units trade on the production of this article REIT 's units trade on the premise that a portfolio with asset. Is most exciting low amount of debt, Dream office ’ s a lot shopping! Large stores that are in Western Canada… RioCan is one of the best Canadian real estate investment trusts ( )... With high quality assets that are vacant this REIT, mentioned above another... In Western Canada… RioCan is one of the individual reporters a declaration of Trust acquiring already-built properties states!