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CTRRF - CT REIT: A Safe 4.9% Yield With A 74% Payout Ratio And A Strong Anchor Tenant
CT Real Estate Investment Trust Unit
CT REIT is the real estate division of Canadian Tire, a well-known nationwide store with a focus on automotive, leisure and DIY products.
CT REIT has been consistently hiking its distributions since it was spun off from Canadian Tire, thanks to continuously increasing AFFO results.
The payout ratio is just about 74% right now. The yield is just under 5%, making this an attractively-priced retail REIT with a lower than average risk.