Utility and Real Estate Stocks
Canadian investors are looking for safety and cash flow in utility and real estate stocks as the Canadian economy starts is faltering under high inflation, high rates, and the rampant cost of food and housing that is destroying Canadian household finances.
Top Canadian Real Estate Stocks
1. Canadian Apartment Properties REIT (CAPREIT)
- Ticker: CAR.UN
- Overview: One of the largest residential REITs in Canada, CAPREIT owns, manages, and operates a portfolio of multi-residential rental properties, including apartments, townhouses, and manufactured home communities.
- Key Features: Strong portfolio diversification across Canada, stable occupancy rates, and consistent dividend payments.
2. RioCan Real Estate Investment Trust
- Ticker: REI.UN
- Overview: RioCan is one of Canada’s largest REITs focused on retail properties. It owns and manages a significant number of shopping centers and mixed-use developments.
- Key Features: Emphasis on high-quality, well-located retail properties and a strategic shift towards mixed-use urban developments.
3. Dream Industrial REIT
- Ticker: DIR.UN
- Overview: This REIT focuses on owning, managing, and operating a portfolio of industrial properties, including distribution and logistics centers across North America and Europe.
- Key Features: Strong presence in high-demand industrial markets, robust growth potential due to e-commerce boom.
4. Allied Properties REIT
- Ticker: AP.UN
- Overview: Allied Properties focuses on urban office spaces and data centers, primarily in major Canadian cities. The REIT is known for its high-quality, centrally located properties.
- Key Features: High occupancy rates, strategic acquisitions, and development projects in major urban areas.
5. Granite Real Estate Investment Trust
- Ticker: GRT.UN
- Overview: Granite REIT owns and operates industrial, warehouse, and logistics properties across North America and Europe.
- Key Features: Strong tenant base with long-term leases, diversified geographical presence, and steady income growth.
6. H&R Real Estate Investment Trust
- Ticker: HR.UN
- Overview: H&R REIT has a diversified portfolio that includes office, retail, industrial, and residential properties across North America.
- Key Features: Diversified property types and locations, strategic repositioning towards residential properties for growth.
7. SmartCentres Real Estate Investment Trust
- Ticker: SRU.UN
- Overview: SmartCentres focuses on retail properties and is known for its strong partnership with Walmart, which anchors many of its shopping centers.
- Key Features: Stable income from long-term leases, significant development pipeline, and focus on mixed-use development.
8. Boardwalk REIT
- Ticker: BEI.UN
- Overview: Boardwalk owns and operates residential rental properties across Canada, with a significant presence in Alberta and Saskatchewan.
- Key Features: Strong occupancy rates, consistent dividend payments, and strategic investments in property upgrades.
Top Canadian Utility Stocks
1. Fortis Inc.
- Ticker: FTS
- Overview: Fortis Inc. is one of the largest utility companies in North America, with operations in Canada, the United States, and the Caribbean. It provides electricity and gas services to millions of customers.
- Key Features: Known for its stable and growing dividend, Fortis has a history of over four decades of consecutive dividend increases, reflecting its strong and reliable cash flow.
2. Canadian Utilities Limited
- Ticker: CU
- Overview: Canadian Utilities is a diversified utility company providing electric, gas, and international services. It is a subsidiary of ATCO Ltd.
- Key Features: With a long track record of dividend growth, Canadian Utilities offers a stable investment with a focus on infrastructure development and energy solutions.
3. Emera Inc.
- Ticker: EMA
- Overview: Emera is a diversified energy and services company with investments in electricity generation, transmission, and distribution, as well as gas transmission and distribution.
- Key Features: Emera has a strong presence in Canada, the United States, and the Caribbean. It has a history of consistent dividend payments and a strategic focus on cleaner energy.
4. Algonquin Power & Utilities Corp.
- Ticker: AQN
- Overview: Algonquin operates in the renewable energy and utility sectors, providing water, electricity, and natural gas services across North America.
- Key Features: Known for its strong commitment to renewable energy, Algonquin offers attractive dividends and growth potential through its diversified operations.
5. Brookfield Infrastructure Partners
- Ticker: BIP.UN
- Overview: Although not strictly a utility company, Brookfield Infrastructure Partners owns and operates utility businesses globally, including electricity transmission, natural gas distribution, and renewable power generation.
- Key Features: Brookfield Infrastructure Partners is known for its diversified infrastructure portfolio, which provides stable cash flows and dividend growth.
6. Hydro One Limited
- Ticker: H
- Overview: Hydro One is Ontario’s largest electricity transmission and distribution service provider, delivering electricity to nearly 1.4 million customers.
- Key Features: With a monopoly on transmission in Ontario, Hydro One offers a stable investment with predictable cash flows and regular dividends.
7. Capital Power Corporation
- Ticker: CPX
- Overview: Capital Power is involved in the development, acquisition, and operation of power generation facilities, primarily in North America.
- Key Features: The company has a diverse portfolio of power generation assets, including natural gas, coal, and renewables, providing a stable revenue stream and attractive dividend yield.
8. Northland Power Inc.
- Ticker: NPI
- Overview: Northland Power develops, owns, and operates clean and green power infrastructure assets in Canada and internationally.
- Key Features: With a strong focus on renewable energy projects such as wind, solar, and thermal, Northland Power offers growth potential and regular dividends.
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