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Sunday, November 3, 2013

A REIT of interest: CT Real Estate Investment Trust (CRT.UN)

I am quite please with the current state of my investment portfolio. So far, good results, I have over 17k left over my margin account. What can I ask more? Well, this is exactly where the problem is. While investing, you always want MORE and you can always do BETTER. Currently, I am at an annual dividend income of $6 567.83, for the equivalent of $547. And of course, I am looking t increasing the number. And for that, I need some stuff like CT Real Estate Investment Trust (CRT.UN) in my portfolio. I am naturally attracted by good stuff.

On the TSX, not too many quality stocks overs a yield of 6.5% out of a flash! This is what hold my interest in CT Real Estate Investment Trust (CRT.UN). Canadian Tire is the most significant tenant of this REIT. CRT.UN offers to its investors more than 6%, while Canadian Tire itself distribute a yield of less than 2%...

CT Real Estate Investment Trust (CRT.UN) closed Friday session at a stunning $10.31, even while the TSX was closing on a lower note. CRT.UN was launched at an initial $10 per unit. And we are now at $10.31! We shouldn't wait for this baby to grow more before catching on the flight!

So here's the plan. I have $335 cash in my TFSA. I plan to transfer $715 over my TFSA so I can get my pretty hands on a few units of CT Real Estate Investment Trust (CRT.UN).

Exciting? OH YES.


Liquid said...

Interesting REIT. Hope it goes up after you buy it :)

AS said...

I personally prefer CHP.UN (Kind of surprised you hadn't mentioned it). I'll take food over discretionary. Same yield basically.

I will disclose though, I just left my position in CHP.UN to buy MSFT. I think it may be poised for some nice gains. I am trying for some aggressive growth.

banks are bastards said...

This week's tip: Always consider your commissions when chasing after a return. If you spend $1000 and pay $20 in commissions ($10 on buy, $10 on sell), that's already 2% of your return eaten up.


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