REITs

Need to do research, especially in regard to distribution growth and debt level, and turnaround potential.

Derek Warren on BNN Bloomberg 2025/05/26
The 3 big industrial REITs (in order): Granite, Dream, Nexus.
Derek’s 3 picks = *

Allied Properties* (AP-U) - Office market puts press on rents. He believes when office market improves in next 2-3 years it will sell closer to real valuation.
Boardwalk (BEI-U)
Canadian Apartment* (CAR-U) - Countrywide portfolio of properties. Buying back stock. Selling off old inefficient properties.
CT [Canadian Tire] (CRT-U)
Chartwell (CSH-U) - 3 years of upside potential.
Dream Industrial (DIR-U) - Recession sensitive but he believes oversold.
Flagship* (MHC-NYSE) - Trailer parks in the U.S.
Granite (GRT-U) - Industrial in Europe, U.S. and Canada. He believes oversold because of fear of Magna as large tenant (and recession and tariffs affecting Magna), but Magna is only 3% of lease income.
H&R REIT(HR-U) - Is improving. They have been buying or selling in U.S. CHECK VIDEO TO CLARIFY!
Killam (KMP-U) - Maritimes
Melcor (MR-U) - Edmonton office and industrial.
Minto (MI-U) - Selling at half book value but affected by condo conversions.
Nexus Industrial (NXR-U) - Recession sensitive but he believes oversold. They don’t own.
Plaza REIT (PLZ-U) - Check McKeogh’s opinion on this and all the others! Also check debt levels and distribution growth.
Primaris (PMZ-U)
Pro REIT (PRV) - Regional in Maritimes and recently Manitoba.
RIOCAN (REI-U)
Smart Centres [Walmart] (SRU-U) - New leases. They have large parking lots with potential for development. Next 5 years good potential.

REJECTED Inovalis - France
Northwest Healthcare - too much debt
Slate Grocery