Complete List of Canadian REITs in 2019
Real Estate Investment Trust (REIT)
This is a complete and updated list of the publicly traded Canadian REITs available on the Toronto Stock Exchange (TSX). A publicly traded REIT is a great way to add high income and real estate exposure to an investing portfolio. For individuals building a retirement income portfolio, REITs serve an excellent purpose providing a high dividend yield and increased diversification.
These Canadian REITs can all serve specific purposes based on sector and growth vs. income. The best Canadian REIT for a retirement income portfolio may not be the best REIT for a growth oriented investor looking for the distribution yield on cost to increase over time.
REITs are companies that own or finance income-producing real estate across a range of property sectors. These real estate companies have to meet a number of requirements to qualify as REITs.
This is the list of the Canadian REITs covering a wide range of sectors: industrial, office, residential, retail, heathcare and diversified. Use the table below to figure out what REIT is best for you.
Here is the complete sortable list by clicking on column headers.
Some REITs focus on paying very high distribution yields, while some offer lower FFO (funds from operations) payout ratios to focus on growth of the distribution. As a dividend growth investor for Stratosphere Premium subscribers, companies with proven track records of raising distributions are very attractive.
REITs that have raised distributions consecutively for the last five years join Canada’s Dividend Aristocrats. The REITs listed in the dividend aristocrats index are:
Allied Properties REIT
Allied Properties Real Estate Investment Trust is a real estate investment trust engaged in the development, management, and ownership of primarily urban office environments across Canada's major cities. Most of the total square footage in the company's real estate portfolio is located in Toronto and Montreal. Allied Properties derives nearly all of its income in the form of rental revenue from tenants in its properties. The majority of this revenue comes from its assets located in Central Canada. Allied Properties' major tenants include IT, banking, government, marketing, and telecommunications firms. The company also controls a number of telecommunications/IT and retail properties within its real estate portfolio.
Canadian Apartment Properties REIT
Canadian Apartment Properties Real Estate Investment Trust, or CAPREIT, is a real estate investment trust primarily engaged in the acquisition and leasing of multiunit residential rental properties located near major urban centers across Canada. The company's real estate portfolio is mainly composed of apartments and townhouses situated near public amenities. Most of CAPREIT's holdings are aimed towards the midtier and luxury markets in terms of demographic segments. The company derives nearly all of its income in the form of rental revenue from leasing its properties to tenants. The majority of this revenue comes from assets located in the Greater Toronto and Greater Montreal regions. The buildings in these areas also contain the majority of CAPREIT's total housing
Choice Properties REIT
Choice Properties Real Estate Investment Trust invests in, manages, and develops retail and commercial properties across Canada. The company's portfolio primarily consists of shopping centres anchored by supermarkets, and stand-alone supermarkets. The properties are mostly located in Ontario and Quebec, followed by Alberta, Nova Scotia, British Columbia, and New Brunswick. Choice Properties generate the majority of revenue from leasing properties to its tenants. The company's principal tenant, the large-format retailer Loblaw Companies, contributes the vast majority of total rent.
Granite Real Estate Investment Trust, or Granite, is a real estate investment trust engaged in the acquisition, development, and management of primarily industrial properties in North America and Europe. Granite's portfolio comprises various manufacturing, corporate office, warehouse and logistics, and product engineering facilities. The vast majority of the company's assets are logistics and distribution warehouses and multipurpose buildings split fairly evenly amongst Canadian, Austrian, and U.S. locations. Granite derives nearly all of its revenue in the form of rental income from its properties. The company's largest tenant is Magna International, an automotive parts and systems manufacturer, which accounts for the majority of Granite's lease income.
InterRent Real Estate Investment Trust is a growth-oriented real estate investment trust engaged in increasing Unitholder value and creating a growing and sustainable distribution through the acquisition and ownership of multi-residential properties. The company operations are carried out through the region of Canada.
SmartCentres Real Estate Investment Trust is a Canadian open-ended mutual fund trust. The company principally generates revenue from property leasing operations. Smart REIT comprises two groups of properties: retail and mixed-use. The retail group operates through the "SmartCentres" brand, and tenants include supermarkets, fitness centres, restaurants, and clothing and accessory stores. The mixed-use group operates through the "SmartUrban" brand and consists of office and residential developments in urban areas.
Summit Industrial Income REIT
Summit Industrial Income REIT is a Canada-based mutual fund trust. The Trust is involved in the commercial leasing of real estate property with property locations in Ontario, Western Canada, Quebec and Atlantic Canada. The company is focused on the light industrial sector of the Canadian real estate industry.