If you hold stock for the long term like I do, you will have companies going through bad times. The thing is that if you a diversified portfolio, all your stocks will not be going through tough times at the same time. In different economic situations, some companies will thrive and some will have a tough time.
| # | Name | TSX | Symbol | Other | Symbol |
|---|---|---|---|---|---|
| 1 | Allied Properties REIT | TSX | AP.UN | OTC | APYRF |
| 2 | Artis REIT | TSX | AX.UN | OTC | ARESF |
| 3 | Canadian Real Estate | TSX | REF.UN | OTC | CRXIF |
| 4 | First Capital Realty | TSX | FCR | OTC | FCRGF |
| 5 | FirstService Corp. | TSX | FSV | NASDAQ | FSV |
| 6 | Granite REIT | TSX | GRT.UN | NYSE | GRP.U |
| 7 | H & R REIT | TSX | HR.UN | OTC | HRUFF |
| 8 | Melcor Developments Inc. | TSX | MRD | OTC | MODVF |
| 9 | RIOCAN REIT | TSX | REI.UN | OTC | RIOCF |
| 10 | SmartCentres REIT | TSX | SRU.UN | OTC | CWYUF |
The next chart gives you the rate of dividend growth per year for the periods shown. If the period is shorter than the heading I put this information in the "To Year" column. For example for Allied Properties I have growth per year for years 5, 10 and 14. Over the past 5 years dividends have grown at 2.39% per year , over 10 years at 2.04% per and over 14 years at 4.51% per year.
With the exception of Granite REIT, the longer durations on most companies have higher dividend growth rates. For example, RIOCAN REIT's dividends grow by 5.30% over the past 23 years, but only 0.43% per year over the past 5 years. That is because it has not had dividend increases lately.
| REIT | To Yr | DG 5 | DG 10 | DG 15 | DG 20 | DG 25 |
|---|---|---|---|---|---|---|
| Allied Properties REIT | 14 | 2.39% | 2.04% | 4.51% | ||
| Artis REIT | 11 | 0.00% | 0.28% | 3.42% | ||
| Canadian Real Estate | 23 | 4.74% | 3.45% | 2.97% | 2.98% | 5.03% |
| First Capital Realty | 22 | 1.46% | 1.21% | 2.43% | 2.85% | 7.37% |
| FirstService Corp. | 3 | 10.71% | ||||
| Granite REIT | 14 | 24.08% | 13.14% | 13.46% | ||
| H & R REIT | 20 | 3.27% | 0.07% | 0.94% | 3.60% | |
| Melcor Developments Inc. | 25 | 3.71% | 4.81% | 12.69% | 14.87% | 13.56% |
| RIOCAN REIT | 23 | 0.43% | 0.60% | 1.64% | 3.04% | 5.30% |
| SmartCentres REIT | 13 | 1.39% | 1.21% | 1.39% |
The next chart gives the total returns per year for the shown time periods. Total Return includes both capital gains and dividends. Here again, if I do not have a full period of data I put the last period covered in the "To Year" column. For Allied Properties I have Total Returns for the periods of 5, 10 and 14 years. Over the past 14 years Allied Properties have a Total Return of 15.30% per year.
Here again most of the REITs had better past growth. The exceptions are Granite REIT and First Service Corp (which just started dividends 3 years ago.) For example, Canadian REIT grew by 16.28% per year over the past 23 years, but only 5.20% over the past 5 years.
| REIT | To Yr | TR 5 | TR 10 | TR 15 | TR 20 | TR 25 |
|---|---|---|---|---|---|---|
| Allied Properties REIT | 14 | 9.02% | 12.37% | 15.30% | ||
| Artis REIT | 12 | 6.09% | 4.78% | 18.83% | ||
| Canadian Real Estate | 23 | 5.20% | 9.26% | 15.39% | 13.20% | 16.28% |
| First Capital Realty | 22 | 8.18% | 6.31% | 13.24% | 10.11% | 13.45% |
| FirstService Corp. | 21 | 37.92% | 15.28% | 14.37% | 19.51% | 21.48% |
| Granite REIT | 14 | 12.53% | 3.87% | 6.79% | ||
| H & R REIT | 20 | 3.51% | 6.43% | 10.90% | 12.09% | |
| Melcor Developments Inc. | 25 | 6.33% | 0.64% | 17.35% | 20.86% | 17.21% |
| RIOCAN REIT | 23 | 2.92% | 7.20% | 12.88% | 13.12% | 21.44% |
| SmartCentres REIT | 18 | 9.32% | 6.88% | 54.59% | 47.50% |
I also thought it would be handy to show the last dividend increase and this is in the chart below.
| REIT | Last Inc | Inc % | Comment |
|---|---|---|---|
| Allied Properties REIT | 2018 | 1.96% | No increase in 2017, but one in 2016 |
| Artis REIT | 2009 | 2.86% | No increase since 2009 |
| Canadian Real Estate | 2018 | 2.16% | Increases since 2002 |
| First Capital Realty | 2014 | 2.38% | No increases since 2014 |
| FirstService Corp. | 2018 | 10.20% | Paid in US$ |
| Granite REIT | 2018 | 4.60% | Big changes occurred in 2012 |
| H & R REIT | 2017 | 2.20% | Increases only 3 of last 5 years |
| Melcor Developments Inc. | 2017 | 8.30% | After 2016 Decrease of 20% |
| RIOCAN REIT | 2018 | 2.13% | First since 2013 |
| SmartCentres REIT | 2017 | 2.94% | Increases only 3 of last 5 years, last 3 |
Lastly I thought information on their current dividend and yield might be helpful. See the chart below.
| REIT | Price | Div | Yield |
|---|---|---|---|
| Allied Properties REIT | $41.47 | $1.56 | 3.76% |
| Artis REIT | $13.72 | $1.08 | 7.87% |
| Canadian Real Estate | $50.31 | $1.87 | 3.72% |
| First Capital Realty | $20.19 | $0.86 | 4.26% |
| FirstService Corp. | $70.36 | $0.54 | 0.77% |
| Granite REIT | $50.50 | $2.72 | 5.39% |
| H & R REIT | $20.35 | $1.38 | 6.78% |
| Melcor Developments Inc. | $13.90 | $0.52 | 3.74% |
| RIOCAN REIT | $23.85 | $1.44 | 6.04% |
| SmartCentres REIT | $29.61 | $1.75 | 5.91% |
There is a site called http://reitreport.ca/canadian-reits/ hat list all Canadian REITs and their profile. The Profile basically says what the REIT invests in. On the Real Property Association of Canada you can find a definition of a REIT.
On my other blog I wrote yesterday about Richelieu Hardware Ltd (TSX-RCH, OTC-RHUHF)... learn more. Tomorrow, I will write about Enbridge Inc. (TSX-ENB, NYSE-ENB)... learn more on Friday, March 16, 2018 around 5 pm.
This blog is meant for educational purposes only, and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
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