Greg Newman Crombie Real Estate Investment Trust CRR.UN-T PAST TOP PICK Nov 03, 2023

Bought for the defensive grocery anchor aspect, nice distribution. Bond yields were a wrecking ball. Net operating income up, occupancy just under 96%. Undemanding multiple of 11x growing at 5%. Nothing wrong with the stock, it should be fine.

Dividend very safe. Great job expanding portfolio from eastern Canada to western. Stable. Internal growth 2-3%. Very comfortable distribution coverage. Very defensive sector.

Compelling. Likes their holding of Sobeys, their core business which is doing well and growing. He doesn't own CRR yet. The dividend is safe. Likes managers. Will do well as interest rates decline.

Safe and defensive, anchored by supermarkets and major ownership by the Sobey family. Will benefit from lower interest rates. Pays a 6.5% dividend yield.

Look at REITs for growth and momentum as we enter a rate-cutting cycle, but you want to be selective. Lots of investor enthusiasm behind the stock. Likes it going forward. Thinks momentum can continue along with rate cuts into 2025, though it won't be a one-way street up. Not a bad dividend yield.

More interest rate cuts are good for it and it has a good quality base. Has a sustainable dividend.

Looks quite good. Probably a good place to step in. The $13.50 level has had a lot of touches and a lot of support. Buy part now, see what happens. If it starts to accelerate from $13.50, buy more -- it's acceptable to pay more for something.