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Canadian REITs: The Lazy Person’s Path to Real Estate Investing

Thinking about investing in real estate? Many REITs are offering yields not seen for years.

Thinking about investing in real estate? Real estate investing can be profitable if you know what you’re doing. It can also be full of headaches. Many tenants suck, so it’s a gamble. Even if all goes well, real estate investing certainly isn’t passive.

Personally, I prefer the lazy route. Plenty of well-diversified and professionally managed real estate investment trusts (REITs) are trading on the TSX with very attractive yields. In fact, the average yield on all 36 TSX-listed REITs is 7.93% (as at August 19, 2020).

Of course, there are risks. REIT yields have risen recently as many forms of real estate (office, retail, residential) are under pressure and the future is unclear. Some REITs may cut their dividend so it’s best to do your due diligence. I am not speculating on whether real estate is a good or bad investment. I’m simply saying there are options available for the lazy investor (like me) who wishes to participate in the asset class but doesn’t want to become a landlord.

Below, I’ve provided the full list of TSX-listed REITs and their yields (source).

(Best viewed on desktop)

CompanyEx-Dividend DatePayable DateYieldFrequencyDividendMarket Cap
PAR.UNPartners Real Estate Investment TrustMay 23, 2019May 22, 201933.333M0.015 CAD25.8M
HOT.UNAmerican Hotel Income Properties REIT LPMar 30, 2020Dec 31, 202033.046M0.038 USD153.9M
SRT.UNSlate Grocery REIT Unit Cl UAug 28, 2020Aug 17, 202012.089M0.072 USD387.5M
INO.UNInovalis Real Estate Investment Trust UnitsAug 28, 2020Sep 15, 202010.274M0.06875 CAD227.8M
SOT.UNSlate Office REIT Trust UnitsAug 28, 2020Aug 17, 202010.272M0.0333 CAD263.6M
TNT.UNTrue North Commercial Real Estate Investment Trust UnitsAug 28, 2020Sep 15, 202010.102M0.0495 CAD502.9M
MRT.UNMorguard Real Estate Investment Trust Trust UnitsAug 28, 2020Sep 15, 20209.877M0.04 CAD302.0M
BTB.UNBTB Real Estate Investment Trust Trust UnitsAug 28, 2020Sep 15, 20209.554M0.025 CAD197.3M
REI.UNRioCan Real Estate Investment Trust Trust UnitsAug 28, 2020Sep 8, 20209.399M0.12 CAD4.9B
MR.UNMelcor Real Estate Investment Trust UnitsAug 28, 2020Sep 15, 20209.207M0.03 CAD51.0M
SRU.UNSmartCentres Real Estate Investment TrustJul 30, 2020Aug 17, 20209.087M0.1542 CAD3.5B
APR.UNAutomotive Properties Real Estate Investment Trust UnitsAug 28, 2020Sep 15, 20208.187M0.067 CAD370.2M
PLZ.UNPlaza Retail REIT UnitsAug 28, 2020Sep 15, 20207.999M0.02333 CAD356.2M
NWH.UNNorthWest Healthcare Properties Real Estate Investment Trust UnitsAug 28, 2020Sep 15, 20207.006M0.06667 CAD2.0B
HR.UNH&R Real Estate Investment Trust UnitsAug 20, 2020Sep 4, 20206.832M0.0575 CAD2.9B
CRR.UNCrombie Real Estate Investment Trust UnitsAug 28, 2020Sep 15, 20206.799M0.07417 CAD2.1B
DIR.UNDream Industrial Real Estate Investment Trust UnitsJul 30, 2020Aug 14, 20206.25M0.05833 CAD1.7B
AX.UNArtis Real Estate Investment Trust UnitsAug 28, 2020Sep 15, 20206.236M0.045 CAD1.2B
WIR.UNWPT Industrial Real Estate Investment Trust UnitsAug 28, 2020Sep 15, 20205.838M0.0633 USD1.4B
CHP.UNChoice Properties Real Estate Investment Trust UnitsAug 28, 2020Sep 15, 20205.79M0.06167 CAD4.0B
CRT.UNCT Real Estate Investment Trust UnitsAug 28, 2020Sep 15, 20205.774M0.06693 CAD3.2B
ACR.UNAgellan Commercial Real Estate Investment TrustJan 30, 2019Feb 15, 20195.712M0.068 CAD468.9M
CUF.UNCominar Real Estate Investment Trust Trust UnitsAug 28, 2020Sep 15, 20205.106M0.03 CAD1.3B
D.UNDream Office Real Estate Investment Trust Trust UnitsJul 30, 2020Aug 14, 20205.089M0.08333 CAD1.1B
DRG.UNDream Global Real Estate Investment TrustAug 29, 2019Sep 16, 20194.825M0.06667 CAD3.2B
NVU.UNNorthview Apartment Real Estate Investment Trust Trust UnitsAug 28, 2020Sep 15, 20204.691M0.1358 CAD2.4B
SMU.UNSummit Industrial Income REIT UnitsAug 28, 2020Sep 15, 20204.455M0.045 CAD1.7B
MRG.UNMorguard North American Residential Real Estate Investment Trust UnitsAug 28, 2020Sep 15, 20204.439M0.0583 CAD614.6M
AP.UNAllied Properties Real Estate Investment Trust UnitsAug 28, 2020Sep 15, 20204.296M0.1375 CAD4.7B
AAR.UNPure Industrial Real Estate TrustApr 27, 2018May 15, 20183.857M0.026 CAD2.5B
KMP.UNKillam Apartment Real Estate Investment Trust Class A Trust UnitsAug 28, 2020Sep 15, 20203.82M0.05667 CAD1.8B
GRT.UNGranite Real Estate Investment Trust Stapled UnitsAug 28, 2020Sep 15, 20203.774M0.242 CAD4.5B
REF.UNCanadian Real Estate Investment TrustApr 27, 2018May 3, 20183.641M0.156 CAD3.8B
BEI.UNBoardwalk Real Estate Investment Trust Trust UnitsAug 28, 2020Sep 15, 20203.299M0.0834 CAD1.5B
CAR.UNCanadian Apartment Properties Real Estate Investment Trust Trust UnitsAug 28, 2020Sep 15, 20202.986M0.115 CAD7.9B
IIP.UNInterRent Real Estate Investment Trust UnitsAug 28, 2020Sep 15, 20202.409M0.02583 CAD1.8B
Average Yield7.93
Median Yield6.04
All data is provided ‘as-is,’ ‘with all faults’ and ‘as available.’ We do not guarantee the accuracy or timeliness of information available. As at August 19, 2020. Source

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