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Summary
- Colliers holds a semi-annual dividend of US$ 0.05 per stock and delivers a return on equity (ROE) of 12.93 per cent.
- Colliers’ stock is up 13.5 per cent year-to-date (YTD).
- InterRent REIT pays a monthly cash dividend of C$ 0.027 per unit. Its stock offers an ROE of 20.58 per cent.
The real estate sector was struggling even before the COVID-19 outbreak, but its troubles increased as workspaces and commercial spaces shut down during the pandemic. However, home prices have surged massively in this period of crisis. The median home price in Canada increased by 0.8 per cent per cent month-on-month in October, as per Statistic Canada.
Amid this real estate squeeze, let’s explore two real estate stocks, Colliers International Group Inc. (TSX:CIGI) and InterRent Real Estate Investment Trust (TSX: IIP.UN).
Colliers International Group Inc. (TSX:CIGI)
Current Stock Price: C$ 116.01
Colliers’ Board of Directors approved a semi-annual cash dividend of US$ 0.05 per common stock on December 10. The dividend will be paid to its unitholders on January 14, 2021. It holds a current dividend yield of 0.111 per cent.
In the third quarter of 2020, the housing company reported an EBITDA of US$ 92.1 million, an increase of 9 per cent year-over-year. The company posted adjusted earnings per share of US$ 1.08 in Q3 2020, up 4 per cent against Q3 2019.
The stock climbed over 34 per cent in the last three months. It has added almost 44 per cent growth in the last six months. Its scrips are trading higher with a 13.5 per cent rise year-to-date.
Colliers’ current market capitalization stands at approximately C$ 4.5 billion.
Its price-to-book (P/B) ratio is 6.864, and the price-to-cash flow (P/CF) ratio is 12.20. Its current debt-to-equity (D/E) ratio is 2.60. The real estate stock offers a positive return on equity (RoE) and a return on assets (RoA) of 12.93 per cent and 2.20 per cent, respectively. Its price-to-earnings (P/E) ratio is 20.3. Its present earnings per share (EPS) are C$ 2.06, as per TMX data.
InterRent Real Estate Investment Trust (TSX: IIP.UN)
Current Stock Price: C$ 13.83
InterRent REIT declared its monthly dividend for November of C$ 0.027 per unit, a 5 per cent surge month-over-month. Its present dividend yield stands at 2.354 per cent.
In the third quarter of 2020, InterRent REIT registered operating revenues of C$ 39.7 million, a 5.6 per cent growth year-over-year.
The stock has increased by over 10 per cent in the last three months. The stock traded almost flat in the last one month. However, the stock is down by 12 per cent rise year-to-date. InterRent has a current market cap of C$ 1.9 billion.
The stock’s P/B ratio is 9.46, and the P/CF ratio is 26.9. Its current D/E ratio is 0.48. The RIET units deliver a positive ROE and a ROA of 20.58 per cent and 12.75 per cent, respectively. The current EPS stands at C$ 2.06, as per the TMX portal.
