the last few times posted some stocks that had a nice short term rebound....let us hope that continues.
these cdn. reits at the start of the year were richly valued and probably overpriced however people want more than 5% for any reit and fear is starting to take over from greed.
here are a few that may provide a good chance to park money, and make a decent return.
1. Riocan now 20.55 yields 6.57%, may go lower the biggest retail landlord in Canada. have this habit of slowly increasing the div.
2. CWT.un 22.51 yields 6.88%, not sure if I care for their latest acquisition. they own many of the malls where Wallmart is found in Canada.
3. HR.un okay last time this year sold it at a small loss at $24, was not my favourite reit and was not acting well, now at $18.92 and yields 7.62%.
so you get .12 cent a div, the properties are high quality and have top tier companies. they increased the div to .12 a month.
major risk is on two buildings however like most of these reits trading 20% below nav.
4. Ax.un Artis reit is in western Canada, (alberta) and their rents are going higher, currently yields 7.14% and that div will be increased....a theme here. do not care for Alberta as the province has took a few steps backward.
still they will increase their div, and may buy back and cancel their units (up to 10%, most do not come close and this one probbly will not be more than 1-2% if that.)
AX.un trades at 14.70
my avg. price is 14.40 went as low as 14.20 today.
own CWT.un at higher levels.
Riocan have traded around.the positon, however only own some in a drip/spp account avg. price $8 not counting divs. owned since 1997
HR.un bought this year at 25.25 and sold at 24 aprox. picked up 3 monthly divs, so a small loss. have bought back in at 18.90.
they have been getting killed and yield 7% (6.5-7.62%) and trade at least 15-28% below their nav.
they should do okay in the next few months.... if the economy slows, these will fall further, and will have to sell.
will upate these reits in march.
thanks
selkirk
these cdn. reits at the start of the year were richly valued and probably overpriced however people want more than 5% for any reit and fear is starting to take over from greed.
here are a few that may provide a good chance to park money, and make a decent return.
1. Riocan now 20.55 yields 6.57%, may go lower the biggest retail landlord in Canada. have this habit of slowly increasing the div.
2. CWT.un 22.51 yields 6.88%, not sure if I care for their latest acquisition. they own many of the malls where Wallmart is found in Canada.
3. HR.un okay last time this year sold it at a small loss at $24, was not my favourite reit and was not acting well, now at $18.92 and yields 7.62%.
so you get .12 cent a div, the properties are high quality and have top tier companies. they increased the div to .12 a month.
major risk is on two buildings however like most of these reits trading 20% below nav.
4. Ax.un Artis reit is in western Canada, (alberta) and their rents are going higher, currently yields 7.14% and that div will be increased....a theme here. do not care for Alberta as the province has took a few steps backward.
still they will increase their div, and may buy back and cancel their units (up to 10%, most do not come close and this one probbly will not be more than 1-2% if that.)
AX.un trades at 14.70
my avg. price is 14.40 went as low as 14.20 today.
own CWT.un at higher levels.
Riocan have traded around.the positon, however only own some in a drip/spp account avg. price $8 not counting divs. owned since 1997
HR.un bought this year at 25.25 and sold at 24 aprox. picked up 3 monthly divs, so a small loss. have bought back in at 18.90.
they have been getting killed and yield 7% (6.5-7.62%) and trade at least 15-28% below their nav.
they should do okay in the next few months.... if the economy slows, these will fall further, and will have to sell.
will upate these reits in march.
thanks
selkirk
