Interest rate increases do not doom REITs to losses or underperformance, as long as they are gradual and anticipated. Real estate investment trusts (REITs) are thought to be sensitive creatures – they feel the impacts of changes in interest rates and the business cycle in profound ways. This sensitivity stems from the fact that REITs are high-yield instruments, in that most … [Read more...] about REITs, Business Cycles and Rising Interest Rates
CT REIT
Overview CT Real Estate Investment Trust is an unincorporated real estate investment trust with significant holdings in Canadian retail properties. Holdings are located primarily in Ontario, Quebec and Western Canada. CT REIT derives the vast bulk of its revenues from its major lessee and majority unitholder, Canadian Tire Corporation (CTC), the operator of the Canadian Tire … [Read more...] about CT REIT
Choice Properties REIT
Overview Choice Properties REIT is a manager, developer, and owner of retail and other commercial Canadian properties, and has started to diversify into mixed-use commercial/residential properties. Most of its revenue stems from tenant leases. Choice is principally owned by Loblaw Companies, the country’s largest grocery retailer, which in turn is controlled by the Weston … [Read more...] about Choice Properties REIT
Dream Office REIT
Overview Dream Office REIT leases and manages high-quality office properties primarily in the Toronto real estate market. Formerly known as Dundee REIT, Dream Office owns 46 properties with 8.5M square feet of gross leasable space. The average tenant leases 11,000 square feet and has 4.7 years left on its lease term. Dream Office has about 800 employees, $14B in assets and a … [Read more...] about Dream Office REIT
SmartCentres REIT
Overview SmartCentres is a large Canadian REIT that specializes in value-oriented retail stores and shopping centers, many anchored by Walmart supercenters. The REIT’s main purpose is to develop, lease, construct, own and manage shopping centers and office buildings. The REIT generally prefers properties that are located next to major highways and contain anchor stores. … [Read more...] about SmartCentres REIT