Saturday, 9 December 2017

Recent Buy: Canadian Apartment REIT

   
 
    Beginning of November, 2017 I bought an additional 72 shares of CAP REIT at $34.6.
With its monthly distribution of $0.10667 per share, I will receive $7.68 more per month, $92.16 per year. With my prior shares my total position in CAP REIT is now 110 shares, with a monthly distribution of $11.7 and $140.80 annually.

    My rationale for the purchase is that while CAP REIT has a lower than average dividend yield for a REIT at around 4% at the time of purchase, they have proven to have a good track record for increase it as they increase their rental property rates. The REIT is also consistently working on bringing additional apartment and townhouse complexes online, as well as expanding into the Netherlands.

    I like to think of them as my pseudo, slowly growing 'rental property'.  :)





Description of Canadian Apartment REIT

"Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) is a Canada-based open-ended real estate investment trust. CAPREIT's investment objectives are to provide unitholders with long-term, monthly cash distributions; grow normalized funds from operations (NFFO), distributions and Unit value through the management of its properties, acquisitions and financial management, and reinvest capital within the property portfolio. CAPREIT owns and operates a portfolio of multi-unit residential rental properties, including apartments, townhomes and manufactured home communities (MHC) located in and near urban centers in Canada. CAPREIT owns interests in approximately 46,790 residential units, consisting of over 40,501 residential suites and approximately 30 MHC's, consisting of approximately 6,290 land lease sites. CAPREIT owns leasehold interests in approximately 15 properties located in the Greater Toronto Area. The leases mature between 2033 and 2037."

Wednesday, 18 October 2017

May 2017: Dividend Income!

    Another update on the lovely dividends that I have received so far this year. May is one of my slower months, with mostly just the monthly dividend payers. I am quite happy with the income base that those companies provide, and just knowing that every month I will get and be able to reasonably rely on $60+ per month if needed.

Sunday, 3 September 2017

April 2017: Dividend Update

    April is one of my big dividend months, with the majority of my quarterly dividend stocks paying out. Which means I get to see some big, juicy dividends hitting my Questrade Brokerage Account.

Tuesday, 29 August 2017

Recent Buy! Pizza Pizza



    A recent stock purchase of mine, I added to my previous 140 shares of Pizza Pizza Royalty Corp with an additional 115 shares. At the time of purchase the shares were trading at $15.82, and as of writing on August 28th, 2017 at $16.36. (yay) The stock pays a consistently growing monthly dividend of $0.0713, which was a dividend yield of about 5.4% at the time of purchase. And adds $8.2 monthly and $98.4 annually. I am definitely happy to be getting a slice of that pizza pie!

Friday, 28 July 2017

March 2017: Dividend Update

    Just a quick post to show my dividends for the month of March. I am happy to report that this March showed a healthy increase in my passive income. With dividend raises from Suncor and Manulife Financial. As well as a new contributor in Canadian Apartment REIT, with its monthly distribution.

Company
Ticker
$(Cdn)
Notes
Dream Office REIT
D.UN
20.50

Veresen
VSN
8.33

Pizza Pizza
PZA
9.98

Pembina Pipeline Corp.
PPL
15.2

RioCan REIT
REI.UN
9.4

CDN Apartment REIT
CAR.UN
3.96
+$3.96
Manulife
MFC
39.95
+$4.80
Suncor
SU
6.4
+$0.60
Total Dividends

113.72
+$9.36

    In total, I received $113.72 in dividends, with an increase over the previous comparable month by $9.36. It feels pretty good to have hit the $100 mark and now starting to move ahead of it!

Monday, 1 May 2017

Portfolio Update: May 1st, 2017

    It has been far too long since I have provided an update on my Tax Free Savings Account portfolio! In fact almost a full year since that last update on May 29th, 2016.

    So I am very happy to be able to present my current holdings and to take a look at how my stocks have done since my last update 11 months ago! Since that time I have made a few buys and sells within the portfolio.

Sunday, 23 April 2017

February 2017: Dividend Update!

    Just a quick update on my February dividends. And while my postings on such things may not be too regular or consistent these dividends sure are!

Sunday, 19 March 2017

Recent Buy: Canadian Apartment REIT

  
    A recent purchase of mine this year, and a new position added to my portfolio is Canadian Apartment (CAP) REIT, which goes by the Toronto Stock Exchange ticker CAR.UN. This is now my third REIT position that I hold and rounds out that trio nicely. My other two REIT's are Dream Office REIT, which focuses on large office buildings and commercial spaces, RIOCAN REIT which operates retail spaces, plazas and malls and now CAP REIT which covers residential properties, apartment buildings and manufactured home communities.

January 2017: Dividend Update!

    The first month of the year started off strong once again. Setting a great pace for the rest of 2017. My larger quarterly dividend paying positions came through very nicely! With three of them paying out over $40! And higher than January 2016 due to numerous dividend increases :)

Thursday, 9 February 2017

December 2016: Dividend Update!

    The final dividend update for 2016! Another quiet month of stable dividend income, coming out the same as the previous comparable month. With the help of my slightly larger Manulife position, the total dividends hit $104.36, nicely over the $100 mark!

Tuesday, 7 February 2017

November 2016: Dividend Update!

    Another quick update on a fairly calm and steady month of dividend income. Novembers only increase in dividend income was from a payout increase from the Royal Bank of Canada. And I am happy to accept another 80cents a quarter with no additional work on my part.

October 2016: Dividend Update!

    Just getting in a quick dividend update from October 2016. The first of a quarter is always makes for a good month of dividend income for me, with this months being no different. Had a slight increase from the previously comparable month due to a small fluctuation in the foreign exchange rate between Algonquin's USD dividend and Canadian funds which my portfolio trades in.