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Crombie Real Estate Investment Trust (CRR.UN $16.30)
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Granite Real Estate Investment Trust (GRT.UN $88.00)
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Dream Industrial Real Estate Investment Trust (DIR.UN $13.29)
Crombie had occupancy of 97.7% in theri recent quarter and is seeing an ability to increase rental rates which is a positive. Growth rates remain in the mid to low single digits which is par for the course in this space for the time being. The recent run we think is due to their recent results which were solid, particularly some strength in rental rates.
In the REIT space, industrial focused REITS would be our preferred area to invest as there should be a bit more general demand from infrastructure activity. DIR and GRT would be two name sin this niche to consider.