AP.UN — TSX
Allied Properties REIT
Office
APR.UN —
Automotive Properties REIT
Net LeaseFY2016-FY2025$1.4B AUM
RF-AFFO Yield9.4%
Distribution Coverage78.3%
Net Debt/EBITDA8.0x
NAV Discount15.8%
Risk: 4 / 10
Low-Moderate Risk
N/A —
Avenue Living Apartment REIT
Apartment / Multifamily
BEI.UN — TSX
Boardwalk REIT
Apartment
Apartment
Risk: 5.1 / 10
Moderate Risk
N/A —
Centurion Apartment REIT
ApartmentFY2019-FY2025$7.2B AUM
FFO Payout122%
RF-AFFO Payout-2,460%
CFS-FCF Payout215%
AmplificationEroding Value
CHP.UN — TSX
Choice Properties REIT
Retail
DIR.UN — TSX
Dream Industrial REIT
Industrial
EPRT —
Essential Properties Realty Trust
Net LeaseFY2019-FY2025$8.7B AUM
AFFO/Share CAGR8.7%
Investment Spread210 bps
Distribution Coverage1.47x
Occupancy99.7%
Risk: 3.5 / 10
Low-Moderate Risk
FCR.UN — TSX
First Capital REIT
Retail
go.un —
GO Residential REIT
ApartmentFY2023-FY2025$2.8B AUM
Distribution Coverage92.5%
Leverage12.0x ND/EBITDA
Manhattan Luxury2,015 suites
NAV Discount25.7%
Risk: 7 / 10
Moderate-High Risk
IndustrialFY2016-FY2025$9.5B AUM
FFO Payout57.7%
RF-AFFO Payout64.9%
CFS-FCF Payout60.4%
AmplificationAdding Value
Risk: 6 / 10
Moderate-High Risk
KMP.UN — TSX
Killam Apartment REIT
ApartmentFY2016-FY2025$5.4B AUM
FFO Payout58.7%
RF-AFFO Payout81.6%
CFS-FCF Payout95.1%
AmplificationEroding Value
Risk: 5.8 / 10
Moderate Risk
MEQ — TSX
Mainstreet Equity Corp.
ApartmentFY2015-FY2025$3.7B AUM
FFO Payout1.4%
RF-AFFO Payout1.4%
CFS-FCF Payout1.8%
AmplificationAdding Value
Risk: 3.8 / 10
Low-Moderate Risk
MAA — NYSE
Mid America Apartments
Apartment
NXLV — TSXV
NexLiving Communities
ApartmentFY2020-FY2024$0.5B AUM
FFO Payout22.8%
RF-AFFO Payout49.7%
CFS-FCF Payout8.8%
AmplificationEroding Value
Risk: 7 / 10
Moderate-High Risk
NXR.UN — TSX
Nexus Industrial REIT
Industrial
PMZ.UN — TSX
Primaris REIT
Retail
N/A —
Skyline Apartment REIT
ApartmentFY2020-FY2024$5.0B AUM
FFO Payout98.7%
RF-AFFO Payout196.5%
CFS-FCF Payout2,178.5%
AmplificationEroding Value