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CMLEF - Cominar REIT: Long-Term Investors Should Be Rewarded With This 6%-Yielding REIT
Cominar Real Estate Investment Trust Tr Units
Investment Thesis
In Q4 2018, Cominar REIT (CMLEF, TSX:CUF.UN) delivered a much improved quarterly result with positive same property net operating income growth. Looking forward, the company should be able to benefit from a strong economy in Quebec, thanks to its concentration in the province. In addition, its disposition plan and development projects should help improve the portfolio quality and generate solid top and bottom line growth in the future. Cominar offers an attractive 6%-yielding dividend. We believe investors with a long-term investment horizon will be rewarded.