Standard for other REITs. Diversified. Disciplined. Looking for protection on his returns, not huge returns. Low debt and payout ratio of 68%. One of the safest places to be.

Have their problems in that they have too much Calgary exposure. Borrowing everything they can get and buying everything they can to maximize their spread. Doing the job. High yield of 7.4%.

(A Top Pick March 19/09. Up 27.43%.) When there was so much trouble, they had $6 billion in cash. Have a global platform. Balance sheet is in great shape. Wonderful platform to grow on.

(Northern Property (NPR.UN-T) was his Top Pick March 19/09 but he talked about this one instead. My records show this was NEVER a Top Pick of his. Not an easy guy to follow. Bill.) Has flattened out recently. Sold his holdings as he was a little skeptical on medical hospital holdings.

(A Top Pick March 19/09. Up 13.46%.) Sold his holdings, probably too early, but still have some of their convertibles. He was concerned about Industrials in Quebec.

For those looking for yield, this is more volatile. Based in Winnipeg, but have very diversified locations, which makes you wonder if they can manage them all. Feels they are survivors. Good growth. Good yield of 8.7%.

Sold his holdings because of high fashion components. A lot of development opportunities. Have always been dynamic. Finances are a lot better than they used to be. Not sure why it has dropped in price. Looking at it again at this price.