My Top 3 Canadian REITs
Of course, by being so bold as to chose my top 3 Canadian REITs, it has several implications including time based (that is to say these choices may change over time), diversity (I’ll present more than one “sector” of REIT), and discriminating (there are several other REITs with tremendous strength). This list is not to take away from any of the others… but to simply highlight them.
- Dundee REIT (D.UN.TO) – is a commercial diversified company with excellent leadership. With a larger exposure to the Calgary business market, which has “recovered” very nicely of late, trades at under $15 free cash flow (cheaper than the sector). When looking for a top REIT, the appeal of this growing company with several acquisitions in 2011 stood out as a leader in the REIT choices.
- Chartwell Seniors Housing REIT (CSH.UN.TO) – is very cheap. While I’m not a big fan of seniors housing, it provides some diversification in what would otherwise be a list of commercial REITs. With a 7%+ yield, if you buy this one on the rise, you’ll benefit not only from the capital appreciation, but also from the strong and stable return.
- First Capital Realty (FCR.TO) – leads the way with a great management team, with a great portfolio. With continued acquisitions in expensive areas around Toronto, they continue to manage these areas well. This name is a great purchase below $16.
If you’re looking for investments tools you can use to generate healthy dividends and provide wonderful benefits for investors looking to increase their wealth whether it be in their rsp, 401k or cash investment capital accounts, look no further than Real Estate Investment Trusts (REITs) and don’t forget to check out these 3 top Canadian REITs.