An industrial REIT. About 80% of its holdings are Magna (MG-T) properties. The company has launched a strategic review to see what they can do with their factory assets. The stock is going to be stuck until they know what the review is going to be doing. This has the best balance sheet of any of the REITs in Canada, so has the potential to make some acquisitions. Dividend yield of about 6.2%, which is incredibly safe.

Has been very good traditionally at maintaining occupancy, and will do so at the expense of possibly losing some rents. When they release earnings, you want to be looking for 2 numbers. What is occupancy and what are their earnings doing? Expects there has to be a correction in Alberta Apartments. Stock has gone from $65 down to the low $40, which he thinks is overdone. Has been buying back into the stock below $43. Dividend yield of about 4.8%.

A balanced portfolio of industrial properties which tend to be smaller properties. Very attractive yield of almost 10%. There have been concerns when it comes to the Dream family of companies, regarding governance and ownership between different entities. That has put some pressure on the stock. Thinks the fundamentals of the industrial market are fine. He is watching this as it is definitely cheap.

He is a big fan of this company. They have a very entrepreneurial style. Dividend payout is very low and very sustainable. Sees more than average growth potential, so continues to like it. Good management.

A very small REIT that has a very interesting business model. They were working with companies that go into industries, especially Alberta focused, to see if they needed financing. They would buy the buildings in exchange for a long-term lease. Considering what has happened to the Alberta economy, this is really not the place to be, but could very much take advantage of the stress. Too early to be in this name.

80% controlled by the Brookfield entities. This is core Class A Ontario and Calgary offices. There is strain on the Calgary side, but have very long-term leases and developments going on. In Toronto, offices continue to trade at incredibly high valuations. There is German and Asian money that is very willing to come into Canada, so there is great safety in this company. A safe investment with a yield just under 5%.

Invests in US properties, grocery anchored strip centres in secondary larger cities. Externally managed. A pretty stable business. He is a little concerned about what is the next iteration for the company. Doesn’t feel the dividend is at any risk. Dividend yield of almost 8%.