Monty Spivak's  Instablog

Monty Spivak
Send Message
Technology and business consultant, who invests in Canada Europe, Australia, and USA. Deep financial sector and financial services experience from both business and technology perspectives. A do-it-yourself income investor, who is always evaluating and seeking high-yield and long-term, long... More
My company:
SPING Consulting Services Limited
  • Analyzing Canadian REITs, Part XI - Alphabetic Listing Of All Canadian Real Estate Companies 3 comments
    Feb 15, 2012 11:15 AM

    To wrap up the series of Canadian real estate companies, I am providing an alphabetic listing of all of the REIT units and common shares.

    Please note that the "Article #" column is the article in this series with the details on the respective security; for example, if you would like more information on Scott's REIT, then refer to Part V of this series.

     

     

    Name CDN Ticker US Ticker US RECENT US 52-WK HIGH US 52-WK LOW Article # Sector Payout Ratio % Yield Market Cap $k
    Allied Properties REIT AP.UN APYRF.PK 24.6132 25.1455 20.9128 3 Office 31 5.20% $1,294,381
    Amica Mature Lifestyles ACC OTC:ACCKF 7.415 N/A N/A 7 Retirement/Nursing Homes/Healthcare 91 4.80% $177,493
    Arbor Memorial Services Inc ABO.A or ABO.B OTC:AROAF or OTC:AROBF N/A N/A N/A 7 Cemetaries N/A 1.90% $232,609
    Artis REIT (formerly Westfield REIT) AX.UN OTC:ARESF 13.8 14.9857 10.4665 2 Diversified 30 7.70% $1,181,487
    Becker Milk Company BEK.B N/A N/A N/A N/A 5 Retail 58 6.10% $20,796
    BMO Equal Weight REITs Index ETF ZRE N/A N/A N/A N/A 8 Fund N/A    
    Boardwalk REIT BEI.UN OTCPK:BOWFF 49.8733 53.4989 41.1153 4 Residential 9 3.50% $2,684,842
    Brookfield Office Properties BPO BPO 15.64 20.07 12.8 3 Office 13 3.50% $8,226,168
    Brookfield Office Properties Canada BOX.UN BOXC N/A N/A N/A 3 Office 34 4.40% $634,660
    Brookfield Real Estate Services Inc BRE OTCPK:BREUF 12.1946 16.161 10.9195 9 RE Broker 129 8.70% $119,971
    BTB REIT BTB.UN OTC:BTBIF 0.8775 0.9751 0.704 3 Industrial 59 9.10% $65,111
    Calloway REIT CWT.UN OTC:CWYUF 25.8917 27.147 23.4146 5 Retail 91 5.80% $2,757,085
    Canadian Apartment Properties REIT CAR.UN OTC:CDPYF 22.03 22.1165 17.291 4 Residential 14 4.80% $1,730,514
    Canadian REIT REF.UN OTC:CRXIF 35.2 36 0.05 2 Diversified 20 4.00% $2,451,728
    Canadian REIT Income Fund RIU.UN N/A N/A N/A N/A 8 Fund N/A 5.90% $44,412
    Canmarc REIT (formerly: Homburg Canada REIT) CMQ.UN CANNF.PK 15.6256 15.79 11.881 2 Diversified N/A 6.00% $822,519
    Centurion Apartment REIT N/A N/A N/A N/A N/A 4 Residential - Private REIT N/A    
    Chartwell Senior Housing REIT CSH.UN OTC:CWSRF 8.2991 9.5517 6.6617 7 Retirement/Nursing Homes/Healthcare N/A 6.20% $1,229,444
    Cineplex Inc. CGX OTC:CPXGF 25.45 38.85 21.2581 6 Leisure 172 5.00% $1,516,349
    Claymore Global Real Estate ETF CGR N/A N/A N/A N/A 8 International N/A    
    ClubLink Enterprises Limited CLK CLKXF.PK 6.015 N/A N/A 6 Leisure 60 4.60% $179,665
    Cominar REIT CUF.UN OTC:CMLEF 21.4933 24.0898 20.6617 2 Diversified 79 6.60% $1,540,289
    Criterion REIT (formerly: Split REIT Opportunity Trust) SOT.UN N/A N/A N/A N/A 8 Fund 9 3.00% $11,796
    Crombie REIT CRR.UN OTC:CROMF 12.8325 14.0873 11.8355 5 Retail 162 6.40% $495,621
    Dundee International REIT DI.UN N/A N/A N/A N/A 8 International N/A 8.00% $438,500
    Dundee REIT D.UN OTC:DRETF 32.152 35.3408 28.7253 2 Diversified 36 6.70% $2,140,046
    Extendicare REIT EXE.UN OTCPK:EXETF 8.43 13.874 5.8225 7 Retirement/Nursing Homes/Healthcare 441 9.90% $711,106
    Firm Capital Mortgage Investment Corporation FC OTC:FCMGF 12.89 N/A N/A 9 Mortgage 101 7.20% $190,240
    First Asset REIT Income Fund RIT.UN N/A N/A N/A N/A 8 Fund 20 5.30% $87,822
    First Capital Realty FCR OTC:FCRGF N/A N/A N/A 5 Retail 44 4.60% $2,970,171
    First National Financial Corporation FN N/A N/A N/A N/A 9 Mortgage 104 7.10% $1,051,229
    GT Canada Medical Properties REIT MOB.UN N/A N/A N/A N/A 7 Retirement/Nursing Homes/Healthcare 8 5.20% $17,384
    H&R REIT HR.UN OTCPK:HRUFF 22.3571 23.2192 18.7945 2 Diversified 142 4.70% $3,662,712
    HOMEQ Corporation HEQ N/A N/A N/A N/A 9 Mortgage 181 4.60% $88,224
    InnVest REIT INN.UN OTC:IVRVF 3.9698 7.54 3.25 6 Hospitality 20 9.10% $411,567
    InterRent REIT IIP.UN OTC:IIPZF 3.121 3.131 1.5385 4 Residential 36 3.80% $102,332
    iShares S&P/TSX Capped REIT Index XRE N/A N/A N/A N/A 8 Fund N/A    
    Killam Properties KMP OTC:KMPPF 11.1931 N/A N/A 4 Residential 49 5.10% $511,901
    Landstar Properties Inc. LPI.H N/A N/A N/A N/A 9 Development N/A    
    League Assets REIT (IGW REIT) N/A N/A N/A N/A N/A 4 Residential - Private REIT N/A    
    Madison Pacific Properties MPC OTC:MDPCF 3.3301     3 Industrial 35 3.10% $192,923
    MCAN Mortgage Corporation MKP OTC:MAMTF 14.059 N/A N/A 9 Mortgage 115 8.20% $220,887
    Medical Facilities Corp. DR OTCPK:MFCSF 11.445 13.84 8.5711 7 Retirement/Nursing Homes/Healthcare N/A 9.40% $333,348
    Melcor Developments MRD OTC:MODVF 12.7695 17.2908 11.6557 2 Diversified 24 3.20% $377,473
    MI Developments MIM MIM 31.98 33.49 23.71 3 Industrial N/A 6.30% $1,528,006
    Morguard Corporation MRC OTC:MRCBF 70.9401 77.5253 51 2 Diversified 5 0.80% $969,260
    Morguard REIT MRT.UN OTC:MGRUF 15.3805 16.5575 4.3001 2 Diversified 30 5.60% $915,245
    Morguard Sunstone Real Estate Income Fund MSN.UN N/A N/A N/A N/A 8 Fund N/A 6.70% $27,751
    Northampton Group Inc. NHG N/A N/A N/A N/A 6 Hospitality N/A 2.90% $17,735
    Northern Property Real Estate Trust NPR.UN NPRUF.PK 28.4993 32.6795 24.4038 4 Residential 38 5.10% $877,023
    NorthWest Healthcare Properties REIT NWH.UN NWHUF.PK 11.287 12.5592 10.9779 7 Retirement/Nursing Homes/Healthcare 34 6.90% $493,328
    Park Lawn Corporation PLC N/A N/A N/A N/A 7 Cemetaries N/A 6.40% $25,099
    Parkhurst Asset Corp N/A N/A N/A N/A N/A 4 Residential N/A    
    Partners Real Estate Investment Trust PAR.UN OTC:PTSRF 1.8 1.8905 1.422 5 Retail 137 8.80% $56,175
    Plazacorp Retail Properties PLZ N/A N/A N/A N/A 5 Retail 51 4.50% $273,515
    Primaris REIT PMZ.UN OTC:PMZFF 20.3015 23.02 18.4691 5 Retail 21 5.90% $1,710,798
    Pure Industrial REIT AAR.UN PDTRF.PK N/A N/A 4.0048 3 Industrial N/A 7.20% $210,552
    REIT INDEXPLUS Income Fund IDR.UN N/A N/A N/A N/A 8 Fund N/A 7.50% $151,110
    Retrocom Mid Market REIT RMM.UN OTC:RTRCF 5.0983 6.292 3.987 5 Retail 60 8.60% $184,975
    Riocan REIT REI.UN OTCPK:RIOCF 26.05 28.42 22 5 Retail 44 5.30% $6,974,606
    Scotts REIT SRQ.UN OTC:SOREF 4.7963 8.1975 4.235 5 Retail 195 17.40% $34,072
    Skyline REIT N/A N/A N/A N/A N/A 4 Residential - Private REIT N/A    
    Temple REIT TR.UN OTC:TRLSF 4.2876 4.971 3.6401 6 Hospitality 19916 10.00% $87,670
    Timbercreek Global Real Estate Fund TGF.UN N/A N/A N/A N/A 8 International N/A 7.70% $147,347
    Timbercreek Mortgage Investment Corp TMC N/A N/A N/A N/A 9 Mortgage N/A 7.90% $342,777
    TransGlobe Apartment REIT TGA.UN TNGBF.PK 11.0425 11.91 10.4889 4 Residential 33 6.40% $673,347
    Tricon Capital Group TCN N/A N/A N/A N/A 9 Development 550 5.70% $76,612
    Wall Financial WFC N/A N/A N/A N/A 2 Diversified 147 9.80% $372,856
    Whistler Blackcomb Holdings Inc. WB OTC:WSBHF 9.9215 12.9007 9.156 6 Leisure 502 8.60% $382,638
    Whiterock REIT WRK.UN OTC:WRKUF 12.9804 20.889 9.9 2 Diversified 71 8.40% $447,014

    Details for each of these securities are identified in the respective articles and (for funds) Instablog. I have identified the date published in parentheses, and they are sequenced from the most recent to the oldest date:

    1. Analyzing Canadian REITs, Part X: Highest Yields and Lowest Risks (2012-02-14)
    2. Analyzing Canadian REITs, Part IX: Real Estate Development Companies, Mortgage Corporations, And Brokers (2012-02-08)
    3. Analyzing Canadian REITs, Part VIII: Brookfield Asset Management And Real Estate Funds (21012-02-02)
    4. Canadian Real Estate Funds And Canadian-Traded International REITs (Part VIII-A) (Instablog: 2012-01-31):
    5. Analyzing Canadian REITs, Part VII: Retirement, Nursing Homes, Healthcare And Cemeteries (2012-01-20)
    6. Analyzing Canadian REITs, Part VI: Hospitality, Hotel And Leisure (2012-01-15)
    7. Canadian Real Estate Companies and Trusts, Part V: Retail (2012-01-11)
    8. Analyzing Canadian REITs, Part IV: Residential (2012-01-10)
    9. Analyzing Canadian REITs, Part III: Commercial, Industrial, And Office (2012-01-10)
    10. Analyzing Canadian REITs, Part II: Diversified Office, Retail, And Industrial (2012-01-10)
    11. Analyzing Canadian REITs, Part I (2012-01-09)
    I hope that you find these lists and descriptions a useful resource for your investment research.

    Disclosure: I am long OTC:ARESF, OTC:DRETF, OTCPK:HRUFF, OTC:WRKUF, OTC:CDPYF, OTC:KMPPF, OTC:CROMF, OTC:RTRCF, OTCPK:RIOCF, OTC:CWSRF, OTCPK:EXETF, OTCPK:MFCSF.

    Additional disclosure: Also long NWHUF.PK

Back To Monty Spivak's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (3)
Track new comments
  • SDS (Seductive Dividend Sto...
    , contributor
    Comments (4208) | Send Message
     
    Thank you Monty for the papers!
    12 Feb 2012, 06:12 PM Reply Like
  • Philipsonh
    , contributor
    Comments (1714) | Send Message
     
    Monty, BTB Reit should be considered in the Office/Retail sector as it holds only 3 industrial properties according to the current data.
    Thanks for all the work you have put into this series
    Howard
    13 Feb 2012, 02:19 PM Reply Like
  • Monty Spivak
    , contributor
    Comments (151) | Send Message
     
    Author’s reply » Hi,

     

    Thanks for your positive feedback and suggestions.

     

    Although I recognize the validity of recategorizing BTB REIT, it would create "referential integrity" issues between this table and the cross-referenced articles. Therefore, I ask that you accept a few inconsistencies... There are others - another reader had suggested that Medical Facilities Corp not be considered a real estate investment. Clearly, some of the categorization is open for negotiation :)

     

    I cannot believe the price levels that Canadian real estate, and Canadian real estate securities have attained. Although my approach is to treat this part of my portfolio as a "HOLD", I have sold much of my Canadian Bank position, as I believe that both sectors have the same return drivers (and the banks pay a lower yield). Again, please be as careful when you buy, as what you buy. Just my $0.02...
    13 Feb 2012, 07:54 PM Reply Like
Full index of posts »
Latest Followers

StockTalks

More »
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.