DNEWs: Canada REITs I Would Like To Own

Summary

Canadian REITs as a special asset class can provide needed diversification to investors portfolios (be it geographical and currency diversification).

Canada, as with most things, offers a collection of high-quality REITs that provide reliable dividend income.

Apart from the quality of underlying assets, key characteristics to look for in REIT investing are book value (price to book), yields and leverage (gearing)

Here is a list of them:

Ticker	Short Name	P/B	Gearing %	Yield % 30th May
REITs in Canada
PRV-U CN Equity	PRO REAL ESTATE	1.05	58.08	30.3
ONR-U CN Equity	ONEREIT	0.69	58.08	13.6
KMP-U CN Equity	KILLAM APARTMENT	1.12	51.95	11.9
CUF-U CN Equity	COMINAR REA-TR U	0.63	52.07	11.2
TNT-U CN Equity	TRUE NORTH COMME	1.03	54.13	9.5
SOT-U CN Equity	SLATE OFFICE REI	0.95	53.42	9.2
BTB-U CN Equity	BTB REAL ESTATE	0.92	65.16	9.1
INO-U CN Equity	INOVALIS REAL ES	0.89	44.22	8.3
AX-U CN Equity	ARTIS REAL ESTAT	0.85	48.83	8.3
DIR-U CN Equity	DREAM INDUSTRIAL	0.86	61.26	7.9
NVU-U CN Equity	NORTHVIEW APARTM	0.94	57.61	7.7
DRG-U CN Equity	DREAM GLOBAL REA	0.98	44.76	7.7
CIO US Equity	CITY OFFICE REIT	1.87	53.58	7.7
MR-U CN Equity	MELCOR REAL ESTA	0.60	41.07	7.6
SRT-U CN Equity	SLATE RETAIL R-U	67.46	51.62	7.5
NWH-U CN Equity	NORTHWEST HEALTH	0.99	49.40	7.4
SMU-U CN Equity	SUMMIT INDUSTRIA	1.11	53.17	7.3
APR-U CN Equity	AUTOMOTIVE PROPE	1.87	43.77	7.3
ACR-U CN Equity	AGELLAN COMMERCI	1.00	43.99	7.1
PAR-U CN Equity	PARTNERS REAL ES	0.77	68.56	7.0
MRT-U CN Equity	MORGUARD-TR UTS	0.57	44.00	6.4
D-U CN Equity	DREAM OFFICE REA	0.89	48.19	6.3
CRR-U CN Equity	CROMBIE REAL EST	1.53	60.37	6.1
WIR/U CN Equity	WPT INDUSTRIAL R	1.41	40.28	5.7
PLZ-U CN Equity	PLAZA RETAIL REI	1.06	52.34	5.5
SRU-U CN Equity	SMART REAL ESTAT	1.25	44.72	5.4
CHP-U CN Equity	CHOICE PROPERTIE	9.81	39.75	5.0
HR-U CN Equity	H&R REAL-REIT UT	0.93	43.47	5.0
GRT-U CN Equity	GRANITE REAL EST	1.23	22.16	4.9
AAR-U CN Equity	PURE INDUSTRIAL	1.17	41.05	4.7
BEI-U CN Equity	BOARDWALK REAL E	0.80	42.71	4.7
FCD-U CN Equity	FIRM CAPITAL PRO	1.00	50.40	4.7
REI-U CN Equity	RIOCAN REIT	1.04	40.65	4.6
CRT-U CN Equity	CT REAL ESTATE I	2.82	46.85	4.6
MRG-U CN Equity	MORGUARD NORTH A	0.74	61.39	4.0
AP-U CN Equity	ALLIED PROP REIT	1.05	38.94	4.0
REF-U CN Equity	CAN REAL ESTATE	1.07	36.58	3.7
CAR-U CN Equity	CAN APARTMENT	1.06	44.34	3.7
RUF/U CN Equity	PURE MULTI-FAMIL	1.24	56.09	3.5
BOX-U CN Equity	BROOKFIELD CANAD	0.97	45.67	3.4
IIP-U CN Equity	INTERRENT REAL E	1.08	50.70	2.9

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