REITs (Real Estate Investment Trusts) generate income through renting, leasing, and selling of property and distributes it directly to the REIT holders via a cash distribution or payout less the maintenance costs of the properties. It’s like being a landlord without the required upkeep. This article analyses 5 Canadian REITs with expected cash distribution increases of 10% or more per unit.

Written by SmallCapPower.com 

1. InterRent Real Estate Investment Trust (TSX: IIP.UN)
Residential REITs

InterRent Real Estate Investment Trust's...portfolio consists of approximately 70 multi-unit residential properties containing over 8,050 suites. Approximately 2,980 suites are located in mid-sized population markets, with the remaining 5,075 suites located in the Greater Toronto Area, Montreal and the National Capital Region (Ottawa/Hull)...

• Cash Distribution Growth (per share): 13%
• Average Analyst (5) Rating: 2.0 (Moderate Buy)

2. Canadian Real Estate Investment Trust (TSX: REF.UN)(CRXIF)
Commercial REITs

Canadian Real Estate Investment Trust... operates in three segments: retail, industrial and office. It operates across Canada and also in the U.S. (Chicago, Illinois). Its portfolio includes over 200 properties, containing approximately 33 million square feet of gross leasable area...

• Cash Distribution Growth (per share): 12%
• Average Analyst (3) Rating: 3.0 (Hold)

3. Pure Multi-Family REIT LP (TSXV: RUF.U)(PMULF)
Residential REITs

Pure Multi-Family REIT LP is a Canada-based company, which invests in multi-family (apartment) real estate properties... in core cities in...Texas, Arizona, Georgia and Nevada...

• Cash Distribution Growth (per share): 12%
• Average Analyst (4) Rating: 1.25 (Strong Buy)

4. Northview Apartment REIT (TSX: NVU.UN)(NPRUF)
Residential REITs

Northview Apartment Real Estate Investment Trust... is an unincorporated, open-ended multi-family residential real estate investor and operator...with a portfolio of over 24,000 residential suites in over 60 markets across Canada. Its residential portfolio includes a multi-family segment, that includes apartments, townhomes and single-family rental units, and an execusuites and hotel segment, where rental period ranges from a few days to several months...

• Cash Distribution Growth (per share): 12%
• Average Analyst (1) Rating: 3.0 (Hold)

5. Slate Retail REIT (TSX: SRT.UN)(SRRTF)
Commercial REITs

Slate Retail REIT is a Canada-based unincorporated open-ended real estate investment trust... [with a portfolio of] commercial real estate properties in the United States with an emphasis on grocery-anchored retail properties. The REIT owns 66 [such]... properties... comprising over 7.6 million square feet of gross leasable area.

• Cash Distribution Growth (per share): 10%
• Average Analyst (2) Rating: 2.0 (Moderate Buy)