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."

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!

December 2015: Income & Expenses

    Wow the New Year is already starting to get into gear and pass us by! It has already been a full week since we said goodbye to 2015. And while financial markets may be doing their thing, going up and down, although mostly down for the moment. The part of my finances that I do control however went quite well in December. Those being my income from work, and my spending, trying to keep expenses down as much as possible, especially considering the usual surge in spending that comes with Christmas and other holiday festivities.

December 2015: Dividend Update!

    With December coming to a close, 2015 is going with it as well. I am very happy to once again to be posting about the dividends that I have received this month, as well as looking back over this years progress. Seeing the dividends get deposited into my brokerage account always makes me smile, and I get an even bigger smile at the end of the month every time I see that the months dividends have out paced the previously comparable month. This December was no different, with the months dividends once again pulling ahead!