28 Canadian REIT Stocks & ETFs with Expert Predictions (2019)

He'd move on. There's a 48% spread between the top and bottom quartile performers. Can't capture the upside with an ETF. Better to focus on the winners, and avoid the losers. CAR, HOM-U, WIR-U, and Granite are great choices. Look for growth, and at a discount is even better.

HCRE is a tax efficient way to have an equal weight exposure to REITs in Canada. BMO has ZRE.

HCRE is a tax efficient way to have an equal weight exposure to REITs in Canada. BMO has ZRE.

Centres on the outlook for gold and gold producers. It's been an abandoned sector, but the fundamentals are pointing higher. US dollar has rolled over, starting to see inflation in the US, and it's held in well while markets have gone higher. There's been a move in the commodity in the last 6-8 weeks. Producers…

He likes real-estate as an asset class. He is more in private equity where volatility is lower and yield is better. He expects pretty significant destruction in retail and office REITs may have challenges with work from home. Broad REITs are probably not the best way to play this space. He prefers niche REITs.

65% Walmart. It is retail, anchored primarily by Walmart. It comes with very low rent growth but an attractive distribution growth that is quite safe. He can find growth and value elsewhere, however.

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.

It is being bought in an all cash deal. There is a nice spread for those that are willing to take advantage of the take-out. To move out, he would suggest US real estate traded in Canada – see his Top Picks today. Dream (DIR.UN-T) is another to take a look at.

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. NAV per unit growth is 6.3% based on strong revaluation gains in Australia and a rebound for Brazilian Real. The growth strategy based on continued revaluation gains and execution in UK value creation initiatives was reiterated by management. Deploying capital for their acquisition. A fine…

They have a corridor of office space in downtown Toronto, more of a boutique style of building. It was hoped they would garner above-market rents and have started to roll this out to market, but the issue is that it is a more difficult market. We have not seen a lot of leasing yet. We…

Very strong management, high credit tenant base with pharmacies and grocery stores. It's a tough leasing environment right now. Resiliency of retail is being questioned. If you want better growth, look elsewhere.

He has never really fully understood their business model. There has been a recent take out off for $7.61 US per share. This is a real offer and the money would be there. Prior to that they had worked with a third-party, so it is precluding them from engaging in the current offer. Looming in…

There are other ways to do real estate. He likes Tricon. He thinks there might be a continued setback for student residences. Tricon has housing in the US where there is demand for their houses.

He is not bull on the office space. They have been growing in sub-markets he is not keen on. 37% is in Atlantic Canada and he is not keen on their holdings.

A value name in the multi-family space for some time. Higher energy prices don't hurt a REIT with a lot of presence in Calgary and Edmonton. He is focused on demand and supply. What has plagued them is concessions, which are going away in Calgary. This puts it at worth north of $50. Shorts are…

This would be a hold for him, if not a sell. It has US grocery stores in small centres. It has an external management contract, which he feels is not in alignment with share holders.

(A Top Pick Jul 21/21, Down 4.4%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with DIR.UN has triggered its stop at $16. To remain disciplined, we recommend covering the position at this time. Combined with our previous buy recommendation, this results in a 0% net investment gain.

Really likes it. Agreed to be acquired by Blackstone. Wouldn't recommend it at this point. Doesn't see a higher bidder. Great opportunity to look at other Canadian REITs with global assets. Look at Granite REIT instead.

(A Top Pick Jun 25/20, Up 32.42%) Has a lot more stability today. Trades at a slight discount to NAV. Close to a 10% return. Yield is 3.5%.

It has many positive attributes: Strong management, great business model and a niche business model. Their tenant usage is a smaller model. They are well positioned. They can't fight the tide. It is a difficult operating market. There are high vacancies there and they have to be competitive in signing new leases. He would not…

Small cap, focused exclusively on office buildings in Europe (France, Germany). Listed only on the TSX, so it trades at a discount. Strategic review was disappointing, as they failed to monetize a big part of their portfolio. He's not bullish on the office space, a tougher sector. Volatile. Cost of capital not where it should…

A hold. A value name in apartments in Canada and the U.S. He's impressed with how stable their Toronto portfolio is, holding occupancy quite well. MGR is in the US sunbelt and Chicago. MRG is higher-leveraged. He's seeking REITs that are defensive. He doesn't see as much growth here vs. the REITs he already owns.…

A portfolio of US properties. It also has some interesting properties around the DVP area in Toronto. The CEO is one of the few people that not only knows how to buy, but also how to sell. Thinks that at some point, he will sell the entire company if he can, or bit by bit.

Focused on office across Canada. High Quality buildings in secondary locations. They operate at a higher distribution level. The issue is that they are paying out all of their cash flow. It is highly cap-x driven. There should be some cushion between AFFO and distribution.

Dividend safe? They did a convertible debenture that he participated in. This is an Edmonton based land bank company. A longer term play. What tends to happen is goes quietly along for a while then they sell off an asset, which causes a spike up. It does not have a large enough dividend to hold…

It is highly leveraged and the payout ratio is close to 100%, recently they cut the dividend and there was management turnover. There were a lot of complicated transactions, some of which were not arm’s length.

One of the only REITs that he still holds. He likes Australia. The problem with this one was when they first set it up, the Australian currency took a big hit right off the bat and that’s why it came down. They are now hedged. Great entry point at this level.

VNQ is always a good option, with a yield of high 2%, gives broad diversification.

Companies that are public mortgage investment corps. Lots of volatility. There is probably some value in the sector in returning to pre-covid levels. We do not know the extent of bankruptcies that will come once aid and payment relief is gone.

Around 14% is pretty typical yield for mortgage REITs. This owns Agency Mortgage REITs, both fixed and adjustable rates. If you look through the results of the capital raise they did recently, it was dilutive, so their book value per share was about $7 which dropped to $6.70-$6.80. He doesn’t like to see this. Core…

US real estate ETF? Well diversified un-levered real estate investment.

It is highly leveraged and the payout ratio is close to 100%, recently they cut the dividend and there was management turnover. There were a lot of complicated transactions, some of which were not arm’s length.