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Investors seeking monthly income should explore Canadian real estate investment trusts (REITs). Here are three REITs that provide monthly income by sharing the rental income they receive from their real estate portfolios.
Get monthly income from H&R REIT
H&R REIT (TSX:HR.UN) is a diversified REIT with office, retail, industrial, and residential properties. It reported resilient 2020 financial results despite a pandemic year.
Investors would notice that the REIT cut its cash distribution by half in May. This cut combined with its resilient FFO should protect its dividend going forward. Additionally, it could restore some of the cut cash distribution down the road when the macro environment improves.
Earn TFSA Income The CRA Can t Tax With This 1 Dividend Stock fool.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.ca Daily Mail and Mail on Sunday newspapers.
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2020 was a year that it paid off to chase momentum, the most exciting growth stocks, and the tech disruptions, with little attention paid to valuation. While there’s no telling whether growth and momentum will continue to outperform this year, I think it’s a mistake to sleep on some of the more promising value names out there.
If higher equity valuations are justified given how ridiculously unrewarding bonds have become in an era of low rates, then some of the Canadian Dividend Aristocrat sleeper picks may prove to be massive steals at current levels. Some top Dividend Aristocrats are trading at discounts based on their historical valuation metrics, and it’s these plays that I believe could offer investors the best risk/reward trade-off, as volatility picks up in what’s sure to a bumpy year of recovery.