The company locks tenants into long-term agreements of a decade or longer with rent escalators because the operators value stability. Whether you're looking for a retail, industrial, office or residential REIT, it's got a bit of everything. When it comes to pure growth potential, Automotive Properties REIT (TSX:APR.UN) is the clear winner. This compares to its average interest rate in 2019 of 3.59%. As part of that strategy management announced this fall that it wanted to spin off its retail portfolio into a new REIT. RioCan owns, manages and develops retail-focused, increasingly mixed-use properties located in prime, high-density transit-oriented areas where Canadians want to shop, live and work. RioCan owns, manages and develops retail-focused, increasingly mixed-use properties located in prime, high-density transit-oriented areas where Canadians want to shop, live and work. The price of the REIT doesn’t reflect all of that growth potential. The Series X Debentures will carry a coupon of 1.74% and will mature on December 16, 2025 and the Series Y Debentures will carry a coupon of 2.307% and will mature on December 18, 2028.About SmartCentresSmartCentres Real Estate Investment Trust is one of Canada’s largest … RioCan is one of Canada’s largest real estate investment trusts. This small-cap specialty REIT has loads of potential. It is the largest real estate investment trust in Canada, with … Even without any capital gains that would be a pretty good return since interest rates are so low. It gives the REIT plenty of excess cash that can be spent on unit buybacks, acquiring new properties, debt paydown, or developing industrial properties. The growth in FFO is going to make Plaza’s already very safe distribution even safer. Canadian REITs have been traditionally known as yield plays. 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. Finally, the REIT has an interesting hidden asset. A lot of investors consider income trusts a big no-no or even a taboo subject. About H&R Real Estate Investment Trust. Choice Properties and Canadian Real Estate Investment Trust Combine to Form Canada's Largest REIT in a $6.0 Billion Transaction. 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. Most Canadian REITs tend to hang out at a 50% debt-to-assets ratio. And it has. At the end of September, it owned 266 properties. Real Estate Investment Trusts, or REITs, are portfolios of real estate assets. as valuation metrics for a Canadian real estate investment trust. 85% of its total rents come from Downtown Toronto office towers, with 89% of rent coming from the Greater Toronto Area. 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%. H&R Real Estate Investment Trust (TSX:HR.UN) ( OTCPK:HRUFF) is good combination of security and an attractive payout.The company is Canada's second-largest REIT with a … In the second quarter of 2020, when every company was thinking about permanently working from home, the REIT was still able to lease 250,000 square feet of space at rents 40% higher than the expiring leases. The REIT has a goal of getting to 50% industrial exposure, a goal Sandpiper hasn’t argued with. NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES TORONTO, Dec. 16, 2020 (GLOBE NEWSWIRE) — SmartCentres Real Estate Investment Trust (“SmartCentres” or the “Trust”) (TSX:SRU.UN) announced today that it has closed its previously announced private placement of $350 million aggregate principal amount of Series X senior unsecured debentures and $300 […] To judge the security of the distribution (REITs pay distributions not dividends, again you can think of them as the same), an investor should look at the payout ratio based on AFFO, though FFO will work too. Americold Realty Trust (NYSE: COLD) is unique in the industrial REIT sector. DISCLAIMER:Stocktrades is an independent media portal covering the development related to stocks on the TSX. This is a list of publicly traded and private real estate investment trusts (REITs) in Canada. Real Estate Investment Trusts Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) is one of Canada’s largest residential landlords. Many investors don’t know the first thing about Canadian real estate investment trusts (REITs). H&R REIT is one of Canada's largest real estate investment trusts with total assets of approximately $13.3 billion at June 30, 2020. Choice Properties Real Estate Investment Trust (TSX:CHP.UN), the real estate arm of the country’s top retailer, Loblaw Companies, Ltd., purchased Canadian Real Estate Investment Trust … RioCan Real Estate Investment Trust is the second-largest real estate investment trust (REIT) in Canada. 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. RioCan is one of Canada’s largest real estate investment trusts. Our more than 150 locations across Canada offer some of the best commercial retail space in the country, bringing shoppers the perfect combination of convenience, value and the most popular retail concepts. At the same time, small-time investors have been snapping up condo units, … Management has said they can make another $275 million of acquisitions while still keeping its debt-to-assets below 40%. But these are long-term businesses that value stability. The “Canada Yield Price” calculated in accordance of the terms of the governing trust indenture, ... RioCan is one of Canada’s largest real estate investment trusts. This is a Real Estate Investment Trust that has operations in Canada, the United States, and Austria, and one of its main tenants is Magna International, one of the largest car parts … Largest residential real estate stock One of the top real estate stocks you can own is Canadian Apartment Properties REIT (TSX:CAR.UN). And the distribution is secure. Artis trades at just 7.3x 2019's FFO and around 67% of NAV. If its interest rate comes down 1%, it could boost FFO by almost 15%. Management has used the attractive valuation to buy back over 8% of the units outstanding this year. 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. The 20 largest asset owners include insurer Allianz, Canada Pension Plan Investment Board, Caisse de Deport et Placement du Quebec, South Korea’s National Pension Service and Abu Dhabi Investment Authority. It’s easy to argue Artis units are undervalued, especially after being crushed by recent investor doubt. In an industry plagued with misinformation, our main priority is to maintain complete objectivity and bring investors around the world accurate, timely and high quality investment news and information. Michael Zakuta, the CEO of Plaza, has said the REIT is more about developing properties. Anything below 80% is considered ultra-safe, while anything above 95% is a little sketchy. It has a debt-to-assets ratio of under 40%, with just over $150 million worth of debt to refinance in the next year. Not only does SmartCentres have a healthy payout ratio, but it has a healthy balance sheet with $500 million in cash and debt-to-assets of just 45%. RioCan has a can-do attitude about property investment. We are Canada’s largest developer and operator of unenclosed shopping centres. http://web.tmxmoney.com/article.php?newsid=74139190&qm_symbol=SOT.UN, https://en.wikipedia.org/w/index.php?title=List_of_REITs_in_Canada&oldid=986444598, Articles with unsourced statements from October 2020, Creative Commons Attribution-ShareAlike License, Centurion Real Estate Opportunities Trust (private), Alignvest Student Housing REIT (private) (, Centurion Apartment Real Estate Investment Trust (private) (, Equiton Residention Income Fund Trust (private) (, NorthWest Healthcare Properties REIT (NWH.UN)(, American Hotel Income Properties REIT (HOT.UN)(, Automotive Properties Real Estate Investment Trust (, This page was last edited on 31 October 2020, at 22:22. RioCan is one of Canada’s largest real estate investment trusts. Dilawri Group, Canada’s largest group of car dealerships, gives the REIT first dibs at any dealerships it sells. __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 2020 – 7 of the Top REITs in Canada. Not only does Cominar rank among the country’s leading diversified real estate investment trusts, but we are also the largest … The two-pronged approach includes acquiring already-built properties in states like Texas and Florida, as well as developing new properties with partners. 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. CAPREIT is an investor favourite for several reasons. However, Stocktrades is by no means associated with the Toronto Stock Exchange, or any of the companies we cover. FFO is essentially a REIT’s earnings, while AFFO roughly translates into free cash flow. The 20 largest asset managers include Macquarie Infrastructure & Real Assets, Brookfield Asset Management, Global Infrastructure Partners, M&G and IFM Investors. 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. 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. It has an enterprise value of approximately $14 billion, and owns 289 primarily retail properties, with a net leasable area of 44 million square feet. Annaly Capital Management $96,917,274,000 Real Estate Investment Trust North America 3. Plaza predominantly owns shopping plazas and quick service restaurants, and the majority of them have grocery stores or pharmacies as anchor tenants. Because it has grown so much this year, it is tough to tell what Dream Industrial’s financials will be next year. European interest rates are much lower than in North America. Definition: Real Estate ETFs invest in the U.S. real estate market. H&R REIT has ownership interests in a North American portfolio of high quality office, retail, industrial and residential properties comprising over 40 million square feet. Plaza Retail REIT (TSE:PLZ.UN) is in one of the best positioned among retail REITs to benefit from the COVID-19 pandemic. 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. Real Estate Investment Trust (REIT) Directory: Lists all retail REITs, including business descriptions. If we look just at SmartCentres as it currently is, we can fairly conclude it is cheap. The total top or bottom line isn’t nearly as important as per unit metrics. But real estate exposure is very important as well, and a real estate investment trust is an excellent way to make that happen. Picking the BEST Canadian REITs. It’s a lot harder to move a car dealership than it is a clothing store. In the third quarter, the leases the REIT signed were 37% higher than the leases that expired. Investors are being well compensated for this uncertainty. The fact they hold positions in securities has had no impact on the production of this article. RioCan owns, manages and develops retail-focused, increasingly mixed-use properties located in prime, high-density transit-oriented areas where Canadians want to shop, live and work. A real estate investment trust, or REIT, is essentially a pool of investor money that is used to invest in real estate assets. A real estate investment trust ... company owns or controls about 12.2 million acres of forest land in the U.S. and manages another 14 million acres in Canada. The REIT currently owns and operates a portfolio of 49 properties consisting of approximately 4.9 million square feet in urban and select strategic secondary markets across Canada. Shopping Centres. Sandpiper wants to sell the retail properties slowly, which it says will bring in a higher price for them. Dream has transformed its portfolio and has improved its balance sheet at the same time. H&R REIT owns over 500 office, retail and industrial properties, including many trophy properties, comprising about 47 mln sq.ft. There’s still ample growth potential too. But these top picks go to show that significant capital gains are also possible if you choose the best. 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. RioCan owns, manages and develops retail-focused, increasingly mixed-use properties located in prime, high-density transit-oriented areas where Canadians want to shop, live and work. Canadian Apartment Properties Real Estate Investment Trust Company Profile. The REIT started 2020 with 209 properties after selling some of its lower quality assets in 2019. The activist also wants Artis to raise the distribution again, cut costs (management is VERY well paid), and continue the asset sales to focus on the high quality properties. This is a list of publicly traded and private real estate investment trusts (REITs) in Canada. They won't abandon these locations just because of a few lean months. Even if you just use 2019’s financials though, Dream Industrial looks inexpensive. Automotive Properties REIT buys car dealership real estate, and then rents these locations back out to operators. Since 2021’s FFO will be so much higher, the market isn’t realizing just how cheap the REIT is. Some dealers might even try to negotiate reduced rents. Managing one of the largest real estate portfolios in Canada, RioCan Real Estate Investment Trust (RioCan) has an expert in-house legal team led by senior vice president, general counsel and corporate secretary Jennifer Suess. About RioCan RioCan is one of Canada’s largest real estate investment trusts. … The distribution will be payable on October 7, 2020 to unitholders of record as at September 30, 2020. Both management and Sandpiper wants to focus on industrial properties. RioCan is one of Canada’s largest real estate investment trusts. CAPREIT is a growth-oriented investment trust owning … That's a terrific bargain for this REIT, assuming you believe net asset value is accurately stated. Resource Real Estate Opportunity REIT Inc $1,139,871,000,000 Real Estate Investment Trust North America 2. That impacts the bottom line, but not the true picture of profitability. The REIT's units trade on the Toronto Stock Exchange (TSX) under the symbol MI.UN:CA. or may involve more than one type of asset class. Those rental spreads will probably continue (though maybe not at 37%!) Plaza trades at just 8.5x 2019’s FFO. 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 … RioCan owns, manages and develops retail-focused, increasingly mixed-use properties located in prime, high-density transit-oriented areas. Whether the activist investor or management wins the proxy fight, Artis REIT has a lot of ways to return to its fair value. Dream Industrial REIT (TSE:DIR.UN) might be the best combination of value and growth in the sector. SmartCentres has an incredible pipeline of development projects. Others, like Automotive Properties and Dream Office REIT, are specialty plays with great long-term growth potential. 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. VRE follows the FTSE Canada All Cap Real Estate Capped 25% Index, which has holdings in a wide range of Canadian real estate firms. The Canadian REIT recently completed a large project in Long Island, New York and has developments in various stages of completion in places like Miami, San Francisco, Seattle, and Austin. It is Canada's only 100% urban residential REIT. About RioCan RioCan is one of Canada’s largest real estate investment trusts. If retailers start going out of business, it could give Plaza a lot of shopping centres to buy and fix up. Assets: $23.068 billion. A real estate investment trust (REIT) is a publicly traded company that owns, operates or finances income-producing properties. The low debt and the low payout ratio make Dream Office’s 4.9% yield very safe. Remember REITs issue units instead of shares, but units and shares are the same thing for all intents and purposes. Dundee Real Estate Investment Trust : REIT - Office & Industrial: 1,685: CAR.UN : Canadian … RioCan Real Estate Investment Trust | 46,221 followers on LinkedIn. One of the largest diversified real estate investment trusts in Canada. 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. Year to date in 2020 the FFO payout ratio was just 66%. Picking … Real estate investment companies were structured as closed-end mutual funds until 1993, when governments allowed them to restructure as trusts and trade on open markets. In 2019 SmartCentres earned $2.07 in AFFO, so SmartCentres is trading at just 12x 2019 AFFO. The ones that are higher are usually trying to pay down debt, something a REIT will usually do by selling non-core assets or issuing units. That’s because every quarter a REIT’s management must revalue the portfolio. 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. The distribution will be payable on December 7, 2020 to unitholders of record as at November 30, 2020. It is important to seek out a qualified investment, tax or legal professional before making any decisions related to your own personal investments. With such a low amount of debt, Dream Industrial had the capacity to make a lot of acquisitions. Meanwhile, Real Estate Investment Trusts (REITs) and Real Estate Operating Companies (REOCs) raised $6.5 billion. CAPREIT is one of Canada's largest real estate investment trusts. Not only has it grown by acquisition, it is also growing by increasing its rents. Most REITs offer diversification across different types of real estate and locations. and keep contributing to Dream Industrial’s growth. Even after the distribution cut, H&R REIT offers a 5.9% yield. New York City’s real estate market includes some of the most high-profile properties in the world. TORONTO, Nov. 13, 2020 (GLOBE NEWSWIRE) - RioCan Real Estate Investment Trust (“RioCan”) (TSX: REI.UN) today announced a distribution of 12 cents per unit for the month of November. The portfolio may focus on a single type of real estate asset class (such as apartments, warehouses, hotels, etc.) Medalist Diversified REIT $82,890,157,000 Real Estate Investment Trust … Loblaw Cos. Ltd. is preparing to create what it says will be one of Canada's largest real estate investment trusts. Management estimates these projects will create somewhere around $1.4 billion of value for the REIT, which is worth approximately $8 per unit. Using 2019’s AFFO, the payout ratio was 89%. Even after all of that growth, Dream Industrial is going to have one of the safest balance sheets among REITs. Net income is pretty much meaningless in the REIT world. H&R also came out with some disappointing results lately, which included a dip in operating income caused by some unexpected vacancies. 1. Various dealer operators are using Automotive Properties to accelerate their own growth prospects, since they can expand much faster if they don’t have to buy the underlying real estate. Profit: $580 million. Of course it also means Sandpiper can easily increase the distribution if they get control. 7 Small-Cap Canadian Stocks To Buy In 2020, The 5 Best Canadian Bank Stocks to Buy Now, 3 Canadian Food Stocks to Consider Right Now, PO Box 16018 Lower Mount Royal, Calgary, Alberta, T2T5H7, Canada, Canada’s Top 10 Dividend Stocks for 2021 and Beyond. As an example, in the third quarter Dream Industrial borrowed $150 million at an interest rate of just 0.9%. The current unit price is around $12. Automotive Properties’ portfolio will expand as more dealerships get sold to these big operators, a trend that should continue over the next decade. Investors are underestimating how resilient Plaza’s tenants are. … Right now SmartCentres yields 8.8%. In 2019 the distribution was just 71% of FFO. He focuses on companies with high quality assets that are trading with a margin of safety. That’s a solid payout ratio for a REIT that yields 7.5%. RioCan remains one of Canada’s largest real estate investment trusts with a total enterprise value of approximately $13.2 billion at Dec. 31, 2018. Net asset value is $21.80. The payout ratio is 55% of AFFO, which is one of the lowest in the whole REIT sector. About RioCanRioCan is one of Canada’s largest real estate investment trusts. Since the company’s 2015 IPO, it has more than doubled the size of its portfolio to 61 dealerships and 2.3 million square feet of leasable space. Allied Properties Real Estate Investment Trust is an unincorporated closed-end real estate investment trust. Digital Realty Trust | United States. https://www.swfinstitute.org/fund-rankings/real-estate-investment-trust Yes, COVID-19 could slow these expansion plans of the REIT. Cap rate is a way of telling how much you are paying for the buildings the REIT owns. Note that there are various structures and focuses in these ETFs, but the majority primarily invest in Real Estate Investment Trusts (REITs). 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