Michael Zakuta, the CEO of Plaza, has said the REIT is more about developing properties. The valuation is great, but the development is what is most exciting. Meanwhile, Real Estate Investment Trusts (REITs) and Real Estate Operating Companies (REOCs) raised $6.5 billion. While only 25% of rent comes from Walmart, the real benefit of having Walmart on your properties is all the traffic it brings to the other stores in the shopping centre. That prompted Sandpiper Group, a Canadian activist REIT investor, to object and start a proxy fight with management to get control of the REIT. A real estate investment trust (REIT) is a company that owns, operates, or finances income-producing properties. The Company has ownership in Canadian retail and mixed use properties. 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. Acquisition of Units of Northview Apartment Real Estate Investment Trust. 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. Melcor REIT is a Real Estate Investment Trust, and an extension of Melcor Developments Ltd. View investor relations information, portfolio, and annual reports. The information on Stocktrades.ca represents the views of the authors and should not be misconstrued as advice. Its YTD daily total return is 26.48% and its three-year return, 14.25%. Although Ovinitiv is still responsible for the lease – which lasts another 18 years – investors are worried it will soon pull out of Calgary completely. Stocks in play: RioCan Real Estate Investment Trust. Most countries' laws on REITs entitle a real estate company to … Company: Nexus Real Estate Investment Trust TSX-Venture Symbol: NXR.UN. Finite-Life REIT - FREIT: A real estate investment trust (REIT) that aims to sell its real estate holdings within a specified time frame so as to realize capital gains on its properties. Otherwise, U.S. and Canadian REITs (pronounced “reets”) are similar. Artis to spin off retail assets September 9, 2020. Riocan Real Estate Investment Trust is a Canadian real estate investment trust which owns, develops, and operates Canada's portfolio of retail-focused, increasingly mixed-use properties. 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. Through commercial, retail, and residential developments, we're helping build the future of real estate in Canada. 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. Canadian REITs have been traditionally known as yield plays. Nexus will continue to grow in its primary markets of Western Canada and Quebec, and across Canada … Investors are being well compensated for this uncertainty. There’s still ample growth potential too. H&R REIT has ownership interests … 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 1. We're about more than real estate and solid investments. Allied Properties REIT is a leading owner, manager and developer of urban office environments that enrich experience and enhance profitability for business tenants operating in Canada’s major cities. 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. Home. All content on Stocktrades is the views of the individual reporters. 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. This is a trust (other than a trust that is a real estate investment trust for the tax year or an entity that is an excluded subsidiary entity) that meets all of the following conditions at any time during the tax year: the trust is resident in Canada; investments in the trust … 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 CRA gave an emergency GST refund of up to $443 in April 2020. BTB is an important owner of properties in eastern Canada. Artis REIT (TSE:AX.UN) has undergone a lot of change in the past few years, and that is likely to continue. Many are lower, but that’s usually because the REIT plans to borrow to fund expansion plans. Remember REITs issue units instead of shares, but units and shares are the same thing for all intents and purposes. Yes, COVID-19 could slow these expansion plans of the REIT. Hamburg, 30. 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. You have until the year-end to file your 2018 returns and claim this refund. Plaza takes underperforming properties and refreshes them. SmartCentres has an incredible pipeline of development projects. alstria.com . 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. Both management and Sandpiper wants to focus on industrial properties. 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. alstria.com. Finally, the REIT has an interesting hidden asset. Some of its best deals are when it buys shopping centres with large stores that are vacant. Management estimates these projects will create somewhere around $1.4 billion of value for the REIT, which is worth approximately $8 per unit. 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. The fact they hold positions in securities has had no impact on the production of this article. Allied Properties REIT (Allied Properties REIT) is a Real Estate Investment Trust located in Toronto, ON Canada, North America, and was founded in 2002. BTB Real Estate Investment Trust DEVELOPING SUSTAINABLE RELATIONSHIPS FOR YOUR COMMERCIAL REAL ESTATE NEEDS AND INVESTMENTS. Plaza predominantly owns shopping plazas and quick service restaurants, and the majority of them have grocery stores or pharmacies as anchor tenants. Crombie REIT is one of Canada’s leading national real estate investment trusts. Skyline Retail Real Estate Investment Trust (REIT) is an income-producing opportunity to invest in a 100% Canadian diversified portfolio of retail properties with a focus on trusted national brands with long-term leases. 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. Whether you're looking for a retail, industrial, office or residential REIT, it's got a bit of everything. Artis Announces US$58 Million Joint Vent... January 6, 2021. CRA: You Have Until the Year-End to Claim the $443 Emergency GST Refund . Management reinvests the excess cash flow in its developments as well as buying back its units when they are cheap. They can hold any … 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%. First, let’s talk about earnings for Canadian REITs. They won't abandon these locations just because of a few lean months. Whether the activist investor or management wins the proxy fight, Artis REIT has a lot of ways to return to its fair value. Those looking for more exotic pastures might consider Canadian REIT ETFs, which first came into existence 20 years ago. Canadian Pacific Plaza | 120 South Sixth Street, Minneapolis MN . Dream Industrial REIT (TSE:DIR.UN) might be the best combination of value and growth in the sector. Using 2019’s AFFO, the payout ratio was 89%. The REIT plans to expand in the U.S. residential market. It is found by dividing a REIT’s net operating income (NOI, think of it as EBITDA) by its enterprise value (market cap plus net debt). It gives the REIT plenty of excess cash that can be spent on unit buybacks, acquiring new properties, debt paydown, or developing industrial properties. Based on 2019’s NOI, SmartCentres is trading at a 5.8% cap rate. The total top or bottom line isn’t nearly as important as per unit metrics. 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%. They offer the benefits of real estate ownership without the headaches or expense of being a landlord. The iShares S&P/TSX Capped REIT Index ETF (XRE.TO) is an industry leader that aims to generate long-term capital growth by tracking the S&P/TSX Capped REIT Index. 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. Most countries' laws on REITs entitle a real estate … as valuation metrics for a Canadian real estate investment trust. Investors are underestimating how resilient Plaza’s tenants are. Choice Properties is a Real Estate Investment Trust that owns, manages and develops retail and commercial real estate across Canada. Vanguard FTSE Canadian Capped REIT Index ETF, Real Estate Investment Trust (REIT) Definition. H&R also came out with some disappointing results lately, which included a dip in operating income caused by some unexpected vacancies. Plaza Retail REIT (TSE:PLZ.UN) is in one of the best positioned among retail REITs to benefit from the COVID-19 pandemic. This compares to its average interest rate in 2019 of 3.59%. Canadian REIT ETFs can grant quick, inexpensive exposure to diversified portfolios of real estate holdings. Those rental spreads will probably continue (though maybe not at 37%!) However, Stocktrades is by no means associated with the Toronto Stock Exchange, or any of the companies we cover. Canada's #1 Source for Unbiased Real Estate Education & Research. Diversification is an investment strategy based on the premise that a portfolio with different asset types will perform better than one with few. A global leader in exchange-traded funds (ETF), iShares, Inc. has nearly $2 trillion invested in over 800 different products. 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. They see that Dream Office is a bargain. START HERE. 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. The terms of the trust are established by the will or by court order in relation to the deceased individual's estate … REIT ETFs are exchange-traded funds (ETFs) that primarily invest in equity REIT securities and aim to emulate REIT indexes. Property Portfolio. Plaza trades at just 8.5x 2019’s FFO. This figure dwarfs the assets of its next-largest competitor, which has less than $400 million in AUM. Tyler is an individual investor and has been investing in stocks, REITs, and private real estate for over 10 years. RioCan Real Estate Investment Trust owns and manages shopping Centers in Canada. It’s a lot harder to move a car dealership than it is a clothing store. The CRA gave an emergency GST refund of up to $443 in April 2020. 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. The two-pronged approach includes acquiring already-built properties in states like Texas and Florida, as well as developing new properties with partners. 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. Melcor REIT is a Real Estate Investment Trust, and an extension of Melcor Developments Ltd. View investor relations information, portfolio, and annual reports. The company locks tenants into long-term agreements of a decade or longer with rent escalators because the operators value stability. With such a low amount of debt, Dream Industrial had the capacity to make a lot of acquisitions. 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%. Cap rate is a way of telling how much you are paying for the buildings the REIT owns. Sub-sector-wise, it's dominated by retail and residential properties (22% of the portfolio each), and diversified and industrial REITs (about 18% each). Like other Canadian REITs, Artis REIT was weighed down by a lot of exposure to the Calgary office market in 2015. Automotive Properties REIT buys car dealership real estate, and then rents these locations back out to operators. 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. The ETF invests in these holdings fairly evenly, as the largest weighting of a particular holding is 5.09%. Choice Properties was spun out by Loblaw Cos. Ltd. … This trio of Canadian REIT ETFs has all performed strongly in the last few years. Artis REIT Corporate Video August 11, 2020. Real estate refers broadly to the property, land, buildings, and air rights that are above land, and the underground rights below it. Dilawri Group, Canada’s largest group of car dealerships, gives the REIT first dibs at any dealerships it sells. 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. Stocktrades offers strictly investment opinions, not investment advice. Structuring. Management has used the attractive valuation to buy back over 8% of the units outstanding this year. 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. European interest rates are much lower than in North America. 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. 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. 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. Its distribution yield is 14.02%. 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. Learn more about REITs. VANCOUVER, BC, Jan. 8, 2021 /CNW/ - The following issues have been halted by IIROC: . 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. ft of gross leasable area that are in Western Canada… That impacts the bottom line, but not the true picture of profitability. REITs are trusts that passively hold interests in real property. If its interest rate comes down 1%, it could boost FFO by almost 15%. 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. Some investors think aggressive write-downs are coming. It is … It has a debt-to-assets ratio of under 40%, with just over $150 million worth of debt to refinance in the next year. 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