Has been buying this, especially below $8.50. A Canadian company, but US focused on housing. This is a good time to be investing in the US housing market. Dividend yield of 3.1%.

As a proxy for a REIT? This story has been the market for some time. It is part of the wave of unearthing real estate value, and feels the trend is kind of over.

A little gem. A small-cap REIT in secondary markets, but is developing constantly. Without continually issuing equity, they have been able to increase NAV per share over time. The dividend is very safe. Management owns a ton of stock. One of his favourites. Has been underperforming lately, but its time will come.

A stock with a lot of Alberta exposure, but also has a strong US portfolio. Thinks the market will continue to punish Alberta names for some time. However, the income is safe and they have managed quite well through the different cycles.

(Market Call Minute.) This is tertiary markets with some development risks.

(Market Call Minute.) Externally managed, which he doesn’t like, but he likes the markets that it is in, strip centre retail in the US.

(Market Call Minute.) Great company, but too expensive. If you own, he would trim.