RE:Diversified reits Agreed and also we have to keep in mind they cut the dividend 50% if they decided to put it back up to where it was before at $1.38 a share the yield would be well over 10% which would be the highest in Canada of any Reit.. thats crazy !! I don't think they're going to do that anytime soon but within the next two or three years I'm sure the dividend will be there or even higher
Reitguy wrote: Diversified reits never seem to get maximum value however one advantage i see in times of change is......
riocan has to focus on changes to 226 properties all at once, they have to pick and choose which densification projects take top priority and which release the most value.
Hr Can put 60% of the portfolio on the back burner and focus on the part of the portfolio with the most change
Industrial and residential should be fine office with long leases shouldn't need much focus.
For the record i like both reits (riocan and hr) i sold nwt and bpy because i felt i had made enough cash since march to take on more risk. I love collecting the dividends but i love the potential of capital gains ontop of dividends more.