WPT Industrial REIT (WIR.UN.TO)

You can’t go wrong. You are more likely to see larger increases in rents in the US than in Canada.

Industrial centers in the US. Amazon, shipping, conglomerates. Tied to the economy. Trades below the value of their buildings. 7.02% yield. You have to wait for the value to be appreciated.

Sold down a couple of years ago, but is now recovering nicely. US asset based focusing on industrial properties. Made a number of acquisitions in Kentucky in the last quarter. Good business model. Lead tenants are companies like FedEx and a lot of the high end major light industrial companies. Trading at a reasonable valuation and there might be more upside, but the easy money has been made. The one negative is that it is still a small market cap which you always have to be careful about, because if the market turns, the first thing that gets hit are small caps. Yield of 7.3%. Prefers Tricon Capital Group (TCN-T).

Canadian REIT owning US industrial properties. 7.75% yield. High quality US real estate.

(Top Pick Nov 13’13, Up 3.00%) Very small company that was beat up far too much. Connects well to E-commerce business. Expects slow growth. High quality real estate.

Something that he has seen taking place in the US over the last year is that the industrial market has been very strong. However, this is a Canadian REIT that owns only US industrial property. Very high yield of 8.73%.