Home / Dividend Stocks / The 7 Canadian Dividend Aristocrats REITs…
REIT-Dividend-Aristocrats.png

The 7 Canadian Dividend Aristocrats REITs…

REIT Dividend Aristocrats

Did you ever think a REIT could be included in the Canadian Dividend Aristocrats list? Considering we identify REITs as an income investment, we don’t usually expect dividend growth. However, there are currently 7 REITs in the Canadian Dividend Aristocrats list.

For a comprehensive list you can rely on for choosing your next REIT, use the Dividend Snapshot REIT Screener.

Canadian Dividend Aristocrat Rules

  • The company’s security is a common stock or income trust listed on the Toronto Stock Exchange and a constituent of the S&P Canada BMI.
  • The security has increased ordinary cash dividends every year for five years, but can maintain the same dividend for a maximum of two consecutive years within that five year period.
  • The float-adjusted market capitalization of the security, at the time of the review, must be at least C$ 300 million.
  • For index additions, the company must have increased dividend in the first year of the prior five years of review for dividend growth. This rule does not apply for current index constituents.

Please note that the official Canadian Dividend Aristocrats list is updated monthly

Canadian Dividend Aristocrat REITs

The list is sorted by market capitalization from largest to smallest at the time of writing. While they grow their dividends, don’t expect double-digit growth. It’s also important that you understand the difference between REIT distribution and dividend as it has potentially different tax implications.

  • Canadian Apartment Properties REIT
  • Allied Properties REIT
  • SmartCentres REIT
  • Choice Properties REIT
  • Granite REIT
  • InterRent REIT
  • Summit Industrial Income REIT

Canadian Apartment Properties REIT

Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) is a fully internalized growth-oriented investment trust owning freehold interests in multi-unit residential properties, including apartment buildings, townhouses and land lease communities located in or near major urban centres across Canada.

CAPREIT’s objectives are to provide Unitholders with long-term, stable and predictable monthly cash distributions, while growing Distributable Income and Unit value through active management of our properties, accretive acquisitions and strong financial management.

Investment Data

Allied Properties REIT

Allied is a leading owner, manager and developer of distinctive urban workspace in Canada’s major cities and network-dense urban data centres in Toronto that form Canada’s hub for global connectivity. Allied’s business is providing knowledge-based organizations with distinctive urban environments for creativity and connectivity.

Urban intensification along with operating experience has had a three-fold impact on Allied. First, it has increased Allied’s sensitivity to design. Second, it has expanded Allied’s investment and operating focus from purely Class I properties to urban mixed-use properties. Finally, it has motivated Allied to enter into collaborative relationships with best-in-class real estate organizations having complementary expertise, especially in the context of urban mixed-use developments.

Investment Data

SmartCentres REIT

SmartCentres is one of Canada’s largest real estate investment trusts with total assets of approximately $9.6 billion. It owns and manages 34 million square feet of retail space in value-oriented, principally Walmart-anchored retail centres, having the strongest national and regional retailers as well as strong neighbourhood merchants. In addition, SmartCentres is a joint-venture partner in the Premium Outlets locations in Toronto and Montreal with Simon Property Group.

SmartCentres continues to expand the breadth of its portfolio to include residential (single-family, condominium and rental), retirement homes, office, and self-storage, either on its large urban properties such as SmartCentres Place at the Vaughan Metropolitan Centre or as an adjunct to its well-located existing shopping centres.

Investment Data

Choice Properties REIT

Choice Properties, Canada’s preeminent diversified real estate investment trust, is the owner, manager and developer of a high quality portfolio comprising 756 properties totaling 68.0 million square feet of gross leasable area. The portfolio is comprised of retail properties, predominately leased to necessity-based tenants, industrial, office and residential assets concentrated in attractive markets and offers an impressive and substantial development pipeline. Choice Properties’ strategic alliance with its principal tenant, Loblaw Companies Limited, the country’s leading retailer, is a key competitive advantage providing long-term growth opportunities.

Investment Data

Granite REIT

Granite REIT is a Canadian-based real estate investment trust engaged in the acquisition, development, ownership and management of industrial, warehouse and logistics properties in North America and Europe. Our portfolio consists of over 80 properties representing approximately 34 million square feet of leasable area.

A strong balance sheet and low leverage provides the REIT with the financial flexibility to pursue strategic opportunities in varying market conditions with a focus on institutional-quality assets in key distribution and e-commerce markets.

Investment Data

InterRent REIT

The Trust is a growth-oriented real estate investment trust engaged in increasing unitholder value through the acquisition, ownership, management and repositioning of strategically located, income producing, multi-residential properties.

The REIT has continued to invest heavily in improvements such as amenities, infrastructure, security, and energy efficiency. Approximately $66 million was invested in the REIT’s income producing properties in 2018 ($50 million in 2017), and InterRent recorded a fair value gain of approximately $196 million ($172 million in 2017). In line with InterRent’s overall repositioning strategy, most of this capital investment was in properties that management believes are capable of achieving operating cost reductions, occupancy gains and increases in market rents, as these are key to InterRent’s growth over the long term.

Investment Data

Summit Industrial Income REIT

The REIT is managed by Sigma Asset Management Limited, an experienced and proven team of real estate professionals responsible for a ten-year 20% compound annual return generated for investors with the former Summit REIT.

Through a series of accretive acquisitions, Summit has built a strong and diversified property portfolio in well-located key target markets across Canada.

Investment Data

Research All Canadian REITs

There are over 40 REITs in Canada and 30 with a market capitalization over 1B covering 7 distinct industries. Get the details on the REITs you are interested in with the Dividend Snapshot REIT Screener and make an educated investment decision.

DISCLOSURE: Please note that I may have a position in one or many of the holdings listed. For a complete list of my holdings, please see my Dividend Portfolio.

DISCLAIMER: Please note that this blog post represents my opinion and not an advice/recommendation. I am not a financial adviser, I am not qualified to give financial advice. Before you buy any stocks/funds consult with a qualified financial planner. Make your investment decisions at your own risk – see my full disclaimer for more details.

Join 6,000+ Investors & Build a Winning Portfolio


Source link


About admin

Check Also

Portfolio-Industry-Allocations-February-2024.svg

Dividend Income: February 2024…

What a bounce we have had these past four months. If you have not seen ...

Leave a Reply

Your email address will not be published. Required fields are marked *

NFL Jerseys 2019