Pure Industrial Real Estate Trust (TSX:AAR.UN) owns 169 industrial properties in Canada and the United States, which total approximately 17.4 million square feet. It pays a monthly distribution of $0.026 per share, or $0.312 per share annually, giving its stock a 7.3% yield at today’s levels.
It is also important to note that Pure Industrial has maintained this annual rate since 2013, and its consistent funds from operations, including an adjusted $54.9 million in fiscal 2014 and an adjusted $49.2 million in the first nine months of fiscal 2015, could allow it to continue doing so in 2016.
'via Blog this'
No comments:
Post a Comment