With the Bank of Canada keeping interest rates steady at 0.50%, the Canadian real estate market shows few signs of slowing down. Today, we have identified some Canadian REITs that analysts expect will have the largest increases in cash for distribution to their unitholders.
Written by SmallCapPower.comÂ
1. Automotive Properties Real Estate Investment Trust (TSX: APR.UN) – $10.92 Canadian
Commercial REITs
Automotive Properties Real Estate Investment Trust (the REIT) is an open-ended real estate investment trust.
Its portfolio consists of approximately 30 properties, including over 25 Initial Properties and the Toyota Woodland property, the Porsche JLR Edmonton property and the Audi Barrie property. The properties encompass approximately 1,077,810 square feet of gross leasable area (GLA). Its properties contain over 40 automotive dealership facilities and an automotive repair facility, occupying over 40 individual buildings, as well as over four ancillary retail buildings.
- Market Cap: $133 million CAD
- Total Revenue (LTM): $33 million CAD
- Expected Increase In Cash Available for Distribution (Y/Y): 150%
- Price / Funds From Operations Per Share (FY1): 10.33
2. Milestone Apartments Real Estate Investment Trust (TSX: MST.UN) – $19.66 Canadian
Residential REITs
Milestone Apartments Real Estate Investment Trust (the REIT) is an unincorporated, open-ended real estate investment trust that invests in, and operates, multifamily garden-style residential properties in the United States.
Its portfolio of properties consists of over 70 multifamily garden-style residential properties comprising over 22,550 units that are located in over 10 metropolitan markets throughout the Southeast and Southwest United States.
- Market Cap: $1,582 million CAD
- Total Revenue (LTM): $348 million CAD
- Expected Increase In Cash Available for Distribution (Y/Y): 34%
- Price / Funds From Operations Per Share (FY1): 13.19
3. Canadian Real Estate Investment Trust (TSX: REF.UN) – $46.58 Canadian
Commercial REITs
