WPT Industrial REIT (WIR.UN.TO)

(Past Top Pick Sept. 28, 2017, Up 1%) It's come off a lot lately, so he will add to his position. It's a play on Amazon, because it's an industrial REIT that stores products that Amazon sells. Pays a yield of 5.9%. He will add to an already-large position. The last quarter was weaker than previous ones. It's a lumpy stock, but have re-signed their leesees at higher rates, so he still likes it. He's not sure why the stock is down apart from a general market downturn.

Industrial REIT in US, listed on TSX. Industrial e-commerce friendly. Great portfolio of assets in the major US shipping hubs. Have internalized their management because their market cap has grown. High quality, not an expensive multiple. Yield is 5.5%. (Analysts’ price target is $15.29.)

Industrial real estate has been a very good investment – especially in the US. It trades on the Canadian exchange, but has key assets in the US (like with Amazon) and is benefitting from better valuations. AIMCO in Alberta owns about 20% of the shares. Yield 5.5%. (Analysts’ price target is $14.92)

(A Top Pick September 28/17 Up 8%) A REIT that focuses on distribution centres. He compares it to a play on Amazon. The last few quarters have been very strong and recent buyouts would make it a great potential target. Comes with a good dividend yield as well.

He recently bought it and had been wanting it for a long time. He really likes the industrial REIT space. WPT is US logistics and industrial properties which has grown 22% in the last five years. It was small and grown to $1-billion cap. They own great assets. They have manageable leverage so they have room to grow. They can raise rents with 100% occupancy. There's growth in US industrials. Can WPT grow fast enough? That's the only question. (Analysts' price target: $14.87)

He recently bought it. They buy warehouses outside metropolitan centers to store retail goods. It trades in US dollars on the TSX. Their management team is part of a holding company above the company, and it's likely that team will be internalized this year. That'll open up the company to institutional investors. Their biggest partner is an Alberta investment company. A great long-term company. Pays over 6% yield and you get USD exposure. (Analysts' price target $14.29)

(A Top Pick July 10/17 - Down 3%.) Sold since then. They are a real estate company that focuses on the industrial space. He thinks that the increase in interest rates it is going to affect them.

It pays a nice dividend (5.6%). It is close to hitting new highs. Amazon is one of their clients – the 7^th largest. Most analysts like it. It does not trade a lot because it is heavily owned by insiders. It could play out quite well over the next few years. (Analysts ’target: $14.00).

Warehouses and distribution centers in the US. They have General Mills and Amazon as customers. (Analysts’ target: $14.00).

A Canadian REIT focused on the US industrial market. This sector has done very, very well. While he still sees this trading at a discount to its US peers, he has actually been selling US industrial REITs, simply because they have done so very, very well and are too expensive.