RioCan Real Estate Investment Trust T.REI.UN

RE:RE:RE:RE:RE:RE:RE:The problem with the distribution cut was the timing

[ntcse123]

I've looked at TNT - solid REIT, I especially like how they provide comparison to other REITs in their presentations.  They are more of a distribution play, with limited growth but top notch safety in their tenants - AFFO payout has been slightly over 100 percent although I don't expect them to cut due to the stabiity of their business (as we've seen you never know though).  They are currently trading at close to NAV I believe so there is less meat on the bone in terms of capital appreciation, so I see better returns from other REITs right now even though they should trade at a premium to NAV due to the quality of their tenants - mostly government and institutional grade tenants.

SirCharlesV wrote: I'm just using BPY as an example, I haven't bought any shares yet. I'll decide in early January what to do with my REI shares. I'm not selling until next year because I already have significant capital gains this year from other holdings that I've sold. I may dump it if there are better opportunities in early January, or hold until it hits $24, which is a price I will definitely sell at. I'm not holding this once it hits current book value because the upside potential is limited and the distribution yield is inadequate.

Another good REIT most people have probably never heard of is True North Commercial Reit (TNT). They have lots of government tenants and a safe distribution currently yielding over 9%. A good option for those relying on their distributions for income.