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A Safeway store in Calgary on June 13, 2013. Crombie REIT is paying $990-million for 68 properties that are currently anchored by Canada Safeway stores, a deal that has been anticipated since the recent marriage of Sobeys Inc. and Canada Safeway Ltd.
A Safeway store in Calgary on June 13, 2013. Crombie REIT is paying $990-million for 68 properties that are currently anchored by Canada Safeway stores, a deal that has been anticipated since the recent marriage of Sobeys Inc. and Canada Safeway Ltd.
(Todd Korol For The Globe and Mail)

National Bank’s six favourite Canadian REITs

Over the last few weeks, we’ve been providing Inside the Market readers with 2014 predictions for real estate investment trusts. Today, we turn to National Bank Financial.

You may recall that Canaccord Genuity analysts are among the most upbeat, predicting most REITs will post double-digit total returns this year. CIBC World Markets, by comparison, is forecasting returns within a broad range of zero per cent and 10 per cent.