The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content


Are REITs cheap or expensive?

Attempting to analyze what’s going on in the REIT sector is so maddening that my suspicion is, if there’s a correction on the horizon, we’ll never see it coming.

Trust me, I tried. There is no valuation data available for the S&P/TSX REIT Index, so I built a valuation index using four of the country’s largest REITs – RioCan Real Estate Investment Trust, Canadian Real Estate Investment Trust, H&R Real Estate Investment Trust and Dundee Real Estate Investment Trust.