Kalkine Media explores 2 TSX real estate stocks to watch in November

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 Kalkine Media explores 2 TSX real estate stocks to watch in November
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Highlights

  • In Q3 2022, Summit Industrial’s net rental income was C$ 47.10 million.
  • On September 30, 2022, Choice Properties’ net income was C$ 948.07 million.
  • Summit Industrial’s revenue in Q3 2022, was C$ 63.04 million.

Generally, individuals invest in real estate sector due to home ownership. The sector is not limited to buying properties and it includes issuing private mortgages, purchasing investments, rehabbing distressed homes, among other aspects.

Picking up stocks from real estate requires a stable background due to changing policies and trends. Investors looking for further exposure can explore the sector to have clarity.

With inflation, rate hikes, and other changes in the geopolitical environment striking, it has impacted the stock market. But some sectors are pacing at a neutral speed, and real estate is one of them. The investors may look for their stocks and build a portfolio that facilitates a secure investment journey. Here are two stocks to assess and analyze their recent financial highlights:

  1. Choice Properties Real Estate Investment Trust (TSX: CHP)

Choice Properties Real Estate Investment Trust is based in Canada and is engaged in developing, managing, and investing in commercial and retail properties. Primarily, the company’s portfolio includes shopping centers.

As on September 30, 2022, Choice Properties’ net income rose to C$ 948.07 million from C$ 163.67 million on September 30, 2021. The cash flow from operating activities grew to C$ 198.94 million from C$ 153.93 million. The net operating income soared to C$ 234.54 million from C$ 236 million.

The funds from operations increased and were reported at C$173.11 million versus C$ 172.65 million. The company pays a monthly dividend per share of C$ 0.062 with a dividend yield of 5.182 per cent.  

Total Market Capitalization of CHP and SMU:

  1. Summit Industrial Income REIT (TSX: SMU)

Summit Industrial Income REIT is a Canadian mutual fund trust. It is engaged in real estate commercial leasing of the light industrial sector and has a presence in Canada (Western Canada, Quebec, Atlantic Canada).

In Q3 2022, the revenue (investment properties) grew to C$ 63.04 million from C$ 52.63 million in the year-ago quarter. The net rental income soared to C$ 47.10 million from C$ 40.22 million. The company’s total assets witnessed an increase and were reported at C$ 5.21 billion from C$ 4.39 billion. The company’s dividend yield is reported at 2.6 per cent, with a dividend per share of C$ 0.048 on a monthly basis.            

Bottom Line

The real estate sector keeps many investors at bay due to entry barriers, and many of them take it as an asset class. But as a long-term investor, focus on your overall strategy to stay relevant in the market.

Instead of waiting for the fluctuations to play their role in the market, ensure to stay prepared in advance. This will ensure a grip during turbulent times. Also, it will minimize your risk and reposition your portfolio effectively.

Please note, the above content constitutes a very preliminary observation based on the industry and is of limited scope without any in-depth fundamental valuation or technical analysis. Any interest in stocks or sectors should be thoroughly evaluated taking into consideration the associated risks.

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