Get Diversified Rent With 7-10% Yields | The Motley Fool Canada: "Cominar Real Estate Investment Trust (TSX:CUF.UN) is the largest commercial property owner and manager in the province of Quebec. Its diversified portfolio includes $8.2 billion of assets that include 560 office, retail, and industrial properties across Quebec, Ontario, the Atlantic Provinces, and western Canada.
High distribution
At close to $15 per unit, Cominar REIT offers a high 9.8% yield. At the end of September it maintained a high occupancy rate of 92% and its payout ratio is also pretty high at 92%.
So, there’s little margin of safety for its high yield, though it doesn’t look to be in danger immediately.
Valuation
Cominar REIT’s book value is $21.5 per unit. At $15, the REIT is discounted by 30% from its book value."
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