- Canadian Apartment Properties Real Estate Investment Trust (CAR.UN)
- Granite Real Estate Investment Trust (GRT.UN)
- InterRent Real Estate Investment Trust (IIP.UN)
- Dream Industrial Real Estate Investment Trust (DIR.UN)
Q: Good morning - if indeed we are approaching a pivot in the market, which REIT' are most attractive to you these days. I have done well with DIR.UN but it's my sole real estate holding. Time to add more of the sector? Thanks for everything and best wishes of the season to all you good people at 5i. I have. seriously benefitted from your service over the past four years.
5i Research Answer:
We feel that most REITs can perform well if interest rates stagnate or decline from here. This outsized performance can come from multiple expansions as investors increase their appetite for the space, as well as an improved outlook as their high debt loads become less costly.
We like DIR.UN, but a few other REITs that we like include: GRT.UN, CAR.UN, and IIP.UN.