As we mentioned in our Canadian REITs introduction; there are enough Canadian REITs that you can now buy a ETF following this specific index. This is to give you an idea of how many REITs there are in Canada!
In order to make your life easier, we have pulled out what we call the Top Canadian REITs List. In order to build this list, we have taken several factors into consideration:
– Minimum dividend yield of 3%
– Positive 5 year annual revenue growth
– Positive 5 year annual dividend growth
– Positive 5 year annual income growth (except BRE)
Here’s the Top Canadian REITs list:
Symbol Company Name Dividend Yield 5 Yr Annual Revenu Growth 5 Yr Annual Income Growth 5 Yr Annual Dividend Growth
BPO Brookfield Office Properties Inc. 3.7 22.3 49.93 0.92
REI.UN RioCan REIT 5.5 11.54 31.89 1.35
FCR First Capital Realty Inc. 4.6 9.56 16.29 0.99
BEI.UN Boardwalk REIT 3.6 11.23 N/A 41.46
REF.UN Canadian REIT 4 4.73 23.94 1.94
PMZ.UN Primaris REIT 5.9 11.26 N/A 1.74
CUF.UN Cominar REIT 6.5 18.09 0.85 3.89
AP.UN Allied Properties REIT 5.5 23.21 23.31 1.49
AX.UN Artis REIT 7.8 49.27 N/A 8.91
NPR.UN Northern Property REIT 5.2 12.89 30.49 2.79
MKP MCAN Mortgage Corporation 7.8 6.99 9.26 8.61
BRE Brookfield Real Estate Services Inc. 8.4 4.16 -3.09 6.25
BEK.B Becker Milk Company Ltd. (The) 6.4 1.03 5.81 1.99