Choice Properties REIT (CHP.UN-T)

Rent increases are fairly low, which Loblaw negotiated to help keep prices low. On the flipside, you get the stability of having Loblaw as the major tenant. Residential development opportunities on those sites, but that takes a while. Not exciting, but collect the dividend and sleep at night. Conservatively managed, very stable. Yield is ~5-5.5%.

He sees better opportunities in smaller-cap names. 

Holds quality Loblaw assets and industrial ones mostly located in cities. Same-store net income growth isn't super, but good. It won't shoot the lights out, but you can buy it comfortably for your grandmother.

REIT companies getting better with lower interest rates. Would recommend buying. 

Excellent chart that is setting up well in this economic cycle. Relative strength is improving versus the TSX Composite. Showing signs of institutional accumulation. Positives that indicate the technical profiles of the stock are strengthening, and are supportive of further upside.

Stable income provider you can add to any portfolio. Likes it. Great real estate nationally. Biggest tenant is Loblaw, so it has a secure cashflow. An element of growth, which is unique, from the industrial sector. Nice combination of safety and growth. Hold, sleep well at night with the distribution yield.

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The REIT has stable tenants such as Loblaw and Shoppers. A good income play. Has been collecting rent at a good rate. Payout ratio is near 80% but cash flow is stable. Unlock Premium - Try 5i Free

CT REIT (Canadian Tire) vs. Choice Properties (Loblaw) based on dividends for seniors He likes both REITs. Both dividends are safe, Choice paying 5.4% and CT 4.9%, and both well run. He owns Choice and bullish their outlook. He likes Loblaw as an operator and there is opportunity here. CT is very stable, with their development in Toronto's Yonge/Eglinton, a fantastic location, but very patient with this coming online in several phases.

80% of its assets are retail. He shies away from retail, but Loblaw owns half of those assets, which is stable and boasts high rent collection. The company is in good hands and the dividend is safe. Managers are doing a good job to diversify into apartments and industrial spaces to diversify away from retail.