- 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.
- I will be initiating a long position soon.
For further details see:
CT REIT: A Safe 4.9% Yield With A 74% Payout Ratio And A Strong Anchor Tenant