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Partners REIT wins proxy fight, keeps external management
Partners REIT wins proxy fight, keeps external management
(JASON FRANSON For The Globe and Mail)

Relative yields suggest REITs will keep going strong

The current yield on Canadian real estate investment trusts suggests that the sector will continue to climb the wall of worry and generate significant positive returns for the next 12 months.

The attractiveness of REITs is dependent on their yields relative to government of Canada bonds. For example, a REIT yielding 10 per cent now would be a tremendously compelling investment, but not worth investors’ time in 1990, when 10-year Canada bonds yielded 11 per cent.