Skip to main content
No. of Recommendations: 2
This is a Canadian REIT which owns apartments in the bone chilling North of Canada and in the Canadian Oil country which is getting clobbered. Its price has fallen so much that it is yielding 7.7% Canadian but if you hold it an IRA us Yankees only get 6.5%. Considering that quality US Apartment REITs have a yield in the 3.5-4% range and are trading at relatively high prices Northern Properties in my mind is mighty interesting. With the Canadian Dollar now at 0.77% US there is the potential for further gains here.

Here is a link to their investor relations

Their debt levels and payout ratios appear reasonable and many of their properties are rented to Canadian Government Agencies.

I am happy to collect a 6.5% dividend and at some point may have a very substantial capital gain on this investment. Of course wind and solar might trash this investment but this is a risk I will take.

I would be interested in the opinions of more analytical members of this board.

Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.