RE:RE:RE:RE:RE:RE:Q4 resultsCalgary73 wrote:
BAM is big and safe, but the yield is fairly low
That is because BAM does not pay out all its earnings as distributions like a REIT.
They re-invest in the business by constantly acquiring new properties and new businesses.
Don't focus too much on the yield - if you look at the price history of BAM (or many of the sub tickers of Brookfield), you will see that they more than make up for the lack of yield with capital gains.
Capital gains receive better tax treatment in non reg. accounts as well.
Compared to a REIT that mostly pays ROC, a capital gain generating stock like BAM is more efficient and also reduces book-keeping.
Do you know another canandian based Industrial / commercial ( but not residential )REIT with US assets ?
I have been looking a lot and the only 2 that I know is ACR and WPT
I didn't know about WPT, thanks for it, I will look into it.
What about MRC? (Morguard Corp.)
It is not a REIT, but the parent corporation of Morguard North American REIT (MRG.UN and MRT.UN).
The yield is low, but like Brookfield, an excellent capital gain generator.
With MRC, you get exposure to commercial, industrial, and residential properties.
Stk has more than tripled in last 3 years.