9 Canadian REITs with low P/ FFO: Investment Idea of the Day

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Today, we have shortlisted 9 Canadian Real Estate Investment Trusts (REITs) that have low price to Free Fund from operations (P/FFO). FFO is the most commonly accepted and reported measure of a REIT’s operating performance. It is equal to a REIT’s net income, excluding gains or losses from sales of property, and adding back real estate depreciation. During the past one month, majority of these stocks have registered price gains with daily average trading volumes in excess of 100,000.

Company Name

Ticker

Exchange

Market Cap
(C$MN)

Last Price

Average Volume
(1 Month)

Price Change
(1-Month)

Price/FFO

Temple Hotels Inc

TPH

TSX

106

2.61

194,461

-28.49%

4.75

Retrocom Real Estate Investment Trust

RMM-U

TSX

301

4.02

278,598

5.79%

6.46

Dream Global Real Estate Investment Trust

DRG-U

TSX

963

8.83

496,038

7.03%

9.01

Dream Office Real Estate Investment Trust

D-U

TSX

2,909

26.92

586,413

11.38%

9.35

Dream Industrial Real Estate Investment Trust

DIR-U

TSX

483

8.78

278,851

10.16%

9.44

Cominar Real Estate Investment Trust

CUF-U

TSX

3,034

19.2

988,821

6.49%

10.43

Milestone Apartments Real Estate Investment Trust

MST-U

TSX

658

12.29

278,173

4.42%

10.51

Artis Real Estate Investment Trust

AX-U

TSX

2,026

15.02

710,741

7.90%

10.65

Northern Property Real Estate Investment Trust

NPR-U

TSX

833

24.44

149,872

4.00%

10.67

Source: Bloomberg

Company Description

Temple Hotels Inc (TSX: TPH)
Temple Hotels Inc invests directly or indirectly, in the ownership and operation of hotel properties, businesses and assets.

Retrocom Real Estate Investment Trust (TSX: RMM-U)
Retrocom Real Estate Investment Trust owns and acquires mid-market commercial properties in primary and secondary cities across Canada.  The Company is an unincorporated open-end real estate investment trust with the objective of producing a geographically diversified portfolio of properties with stable and growing cash flows.

Dream Global Real Estate Investment Trust (TSX: DRG-U)
Dream Global Real Estate Investment Trust is a real estate investment trust formed to invest in real estate outside of Canada. The Company’s objectives are to build a diversified, growth-oriented portfolio of commercial properties based on an initial portfolio in Germany.

Dream Office Real Estate Investment Trust (TSX: D-U)
Dream Office Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust.  The trust acquires and manages office and industrial properties throughout Canada.

Dream Industrial Real Estate Investment Trust (TSX: DIR-U)
Dream Industrial Real Estate Investment Trust is a real estate investment trust. The Trust focuses on acquiring and owning primarily industrial properties and managing such properties to provide cash flows and returns.

Combiner Real Estate Investment Trust (TSX: CUF-U)
Cominar Real Estate Investment Trust is an unincorporated closed-end investment trust.  The Trust’s portfolio consists of income producing office, retail, industrial, and mixed use properties primarily located in the Greater Quebec City Area.

Milestone Apartments Real Estate Investment Trust (TSX: MST-U)
Milestone Apartments Real Estate Investment Trust owns and operates real estate properties. The Company’s portfolio consists of multifamily, garden-style residential properties located in markets throughout the southeast and southwest United States.

Artis Real Estate Investment Trust (TSX: AX-U)
Artis Real Estate Investment Trust is a real estate investment trust that acquires and maintains a portfolio of properties.  The Company’s initial focus is on retail and industrial commercial properties located in Western Canada.

Northern Property Real Estate Investment Trust (TSX: NPR-U)
Northern Property Real Estate Investment Trust is an unincorporated real estate investment trust that invests in a portfolio of mainly residential income-producing properties.  The Company offers furnished and unfurnished apartment rental homes. Northern’s properties are located primarily in the Northwest Territories, Nunavut, and the Province of Alberta in Canada.

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