Real Estate & REITs
REITs and property owners are income vehicles judged on funds- and adjusted-funds-from-operations (FFO/AFFO) yield rather than earnings, plus occupancy, net asset value, leverage and distribution coverage. Property type — apartments, retail, industrial — drives the risk and growth profile.
Reports in Real Estate & REITs
Chartwell Retirement Residences
Canada's largest owner and operator of seniors housing and retirement residences, structured as an income trust.
Sienna Senior Living
One of Canada's larger owner-operators of retirement residences and long-term care homes, concentrated in Ontario and B.C.
Extendicare
A leading Canadian provider of long-term care, home health care and senior-living management services.
NorthWest Healthcare Properties REIT
A global owner of medical office and hospital real estate leased to healthcare tenants across several continents.
Granite REIT
A high-quality industrial and logistics REIT owning modern warehouse and distribution real estate across North America and Europe.
Allied Properties REIT
An office REIT specializing in distinctive brick-and-beam and creative-class workspace in major Canadian urban centres.
Choice Properties REIT
Canada's largest REIT, anchored by grocery- and necessity-based retail leased heavily to Loblaw, plus industrial and mixed-use assets.
Dream Industrial REIT
A globally diversified industrial REIT owning distribution and logistics real estate across Canada, Europe and the United States.
First Capital REIT
An urban-focused REIT that owns grocery-anchored, mixed-use retail properties in Canada's densest, highest-income neighbourhoods.
SmartCentres REIT
One of Canada's largest retail REITs, anchored by Walmart, now transforming its vast land base into mixed-use residential communities.
H&R REIT
A diversified Canadian REIT mid-way through a multi-year plan to simplify into a focused residential and industrial owner.
Boardwalk REIT
A Western-Canada-weighted apartment REIT riding strong Prairie rental fundamentals across roughly 34,000 suites.
Killam Apartment REIT
An Atlantic-Canada-rooted apartment REIT expanding into Ontario and the West, owning roughly 18,000 residential units plus manufactured-home communities.
CT REIT
A retail REIT backed by Canadian Tire, whose long leases and annual rent escalators deliver among the most predictable cash flows in the sector.
Dream Office REIT
A Canadian office REIT concentrated in downtown Toronto, trading at a deep discount to the book value of its properties.
Canadian Apartment Properties REIT
Canada's largest residential landlord — a defensive apartment REIT trading at a wide discount to NAV with a covered, recently raised distribution.
RioCan REIT
One of Canada's largest retail REITs — necessity-based, grocery-anchored centres at ~99% occupancy, paying a ~5.3% monthly distribution.