2021年7月8日 星期四

2021 年 7 月最佳加拿大 REITs

 https://dividendearner.com/best-canadian-reits/

正在為您的投資組合尋找 REIT？想要最好的房地產投資信託基金嗎？現實情況是，REITs 可以有不同的關注點，因此不止一個可以滿足要求，從而使您的投資組合多樣化。

一般來說，您是通過 REIT 而不是像 Netflix、Amazon 或 Shopify 這樣的股票來尋找收入。在您尋找收入的過程中，不要忽視分配增長跟上通貨膨脹的潛力。

雖然最大的房地產投資信託基金是加拿大公寓物業，但它可能不是最適合您的投資組合。在加拿大投資以獲得良好和安全收入的最佳 REIT 是Choice Properties REIT。所以你看，最大的 REIT 並不總是最好的。

您最不想要的是年復一年支付相同收入的 REIT，因為這意味著您實際上因通貨膨脹而賺得更少。

現在，您可能不知道，多倫多證券交易所 (TSX) 上有超過34 只加拿大 REITs 進行交易。但是，只有 20 個市值超過 $1B（Covid-19 造成了一些損害，許多人正在調整分配（不是股息））。

繼續閱讀，但在 34 個 REIT 中，我選擇了前 4 個。

  1. Choice Properties REIT – 零售房地產投資信託 – 其優勢在於租戶主要是Loblaw 的企業，您的論文應該取決於Loblaw。
  2. H&R REIT – 多元化房地產投資信託 – 這是一個廣泛的中風控股，可以利用各個市場的優勢來彌補弱點
  3. SmartCentres REIT – 零售房地產投資信託 – 被剝離的購物中心死了嗎？不是真的，因為您仍然需要去一些地方購買各種物品。例如，奧特萊斯購物中心非常適合這個 REIT。你想要最好的位置。
  4. Allied Properties REIT – 寫字樓房地產投資信託 – 一個強大的寫字樓和零售物業組合，位於所有主要城市的市中心。辦公空間不會消失，只是會有所不同，並且它們可以進行調整。

List of all Canadian REITs

Let’s start by looking at the full list of REITs and then drill down from there. The Canadian REIT sector has 7 industries to which a REIT belongs to based on the services they provide.

Knowing the industry they serve is quite important as it highlights what can influence their business.

I admit that I was pretty surprised to find this many REITs in total. That’s a lot of real estate income trusts to filter through. Choice Properties REIT is one of the most recent REIT created by Loblaw out of its real estate assets.

The list below for reference is sorted by market capitalization rather than yield. A REIT has a high yield just by the nature of the REIT and I am not looking for the REIT that pays the most but the REIT that will serve me best in the following criteria:

  • [Quantitative] Decent Income Distribution – Between 4% and 6%
  • [Quantitative] Consistent Payout – 3, 5 and 10 year averages should be consistent
  • [Quantitative] Distribution Growth Potential – At or above inflation is good enough for a REIT
  • [Qualitative] Stock Growth Potential – Can it grow and what is the strategy?

Most Canadian REIT investors will have the same criteria with different priorities but they are pretty standard. Below is the breakdown of all Canadian REITs by industries.

Picking the BEST Canadian REITs

To find the best Canadian REITs fitting my criteria, I choose to go through the following steps.

  • Sort the REITs based on the Chowder Score (Yield and Dividend Growth)
  • Sort the REITs by Dividend Increases (Consistency in dividend increases is good)

Get all the details you need to make an investment decision with the Dividend Snapshot Canadian REIT List. A comprehensive list of metrics and a payout ratio calculated based on the company’s FFO. Don’t be fooled by the highest yield and get the right fit for your portfolio and income.

Narrow Down Your Canadian REITs

I decided to eliminate the little players. They may well have a lot of growth but I want an established REIT of at least $1B in market capitalization. With that criteria, they can have funds to expand and play in the big cities. That leaves us with the following REITs

For the purpose of my selection, I will go with $1B as a minimum market capitalization. I am going to exclude the industrial REIT industry as I don’t understand that industry. For example, the healthcare REIT industry is also not an industry I understand.

There is definitely a growing market but I am not sure how the business model works. It leaves me with the list below sorted by market capitalization.

Compare Your Selected Canadian REITs

Now comes the hard part. The easy filtering is done. I could easily remove those with a yield under 4% but I am curious if they grow their yield and what the properties actually are.

If you have Wal-Mart as a renter, the chances of long-term business are much stronger than having an arbitrary small business. Personally, I have invested in both REI.UN and CUF.UN in the past. See my portfolio holdings for details.

REITS Comparison November 2020
Dividend Adjusted Chart by StockRover.

The Best 4 Canadian REITs

Choice Properties REIT

CHP.UN - Choice Properties REIT Choice Properties is a Real Estate Investment Trust that owns, manages and develops retail and commercial real estate across Canada. Choice Properties was spun out by Loblaw Cos. Ltd. in 2013 and the grocery chain is its biggest tenant today.

The REIT’s properties are well located across Canada majorly in the largest markets. Approximately 57% of the portfolio’s base rent is generated from large urban markets, mainly in Toronto, Calgary, Vancouver, and Montreal.

Small and medium urban markets drive 28% and 15% of the portfolio’s base rent, respectively. As one of Canada’s largest REIT, Choice Properties owns and manages over 750 properties spanning approximately 66.8 million square feet of GLA across Canada.

The REIT’s portfolio includes 599 retail properties, 113 industrial properties, 16 office complexes, three multi-family residential buildings, and 22 development properties.

Investment Data
 

H&R REIT

HR.UN - HR Reit H&R REIT has interests in a portfolio of office, retail, industrial and residential properties spanning across 41 million square feet in North America.

As one of Canada’s largest REITs, H&R has assets worth $14.4 billion. It enters into long-term lease including rent escalations with creditworthy tenants.

H&R REIT has four types of assets - office (49% of total assets), retail (31%), multi-family (13%), industrial (7%).

By asset type, H&R’s Office segment is the largest of the four segments and holds a portfolio of single tenant and multi-tenant office properties across North America, while its retail segment holds a portfolio of enclosed shopping centres, single tenant retail properties and multi-tenant retail centers throughout Canada and 16 single tenant retail properties in the USA.

By geographic region, Ontario and the USA account for 33% each of total fair value, followed by Alberta (25%) and other Canadian provinces (9%). H&R REIT’s focus on diversified portfolio of high quality investment properties in North America with quality tenants ensure stable cash flows.

Investment Data
 

SmartCentres REIT

SRU.UN - Smart REIT SmartCentres REIT is Canada’s largest developer and operator of unenclosed shopping centers. It engages in the acquisition, asset management, planning, development, leasing, operations, property management and construction of properties.

SmartCentres’ growing platform includes value-oriented unenclosed shopping centers and destination outlets. The REIT currently has 3,100 tenants and 34 million square feet of leasable space available across 150 locations across Canada.

These shopping centers are at prime locations within or near most of Canada’s fastest growing communities and experience high traffic and visibility. More than 100 of the centers are Walmart anchored shopping centers.

SmartCentres has long enjoyed a reputation for consistent performance, making it one of Canada’s premier real estate investment trusts. Over the years, SmartCentres has developed a strong focus on retail development and operation. Its expertise has grown to include a variety of urban, mixed-use, residential and industrial developments, including a number of master planned communities.

Investment Data

 

 

 

 

 

於
標籤：

沒有留言:

張貼留言

訂閱： 張貼留言 (Atom)