REITs investor favours the U.S. over Canada

Timbercreek's Corrado Russo cites contrasts in asset quality and growth potential.

Philip Rebiere 2 July, 2015 | 5:00PM
Facebook Twitter LinkedIn

Real estate investment trusts in the United States are generally superior investments to Canadian REITs, says Corrado Russo, managing director, investments, and global head of securities at Toronto-based Timbercreek Asset Management Ltd.

Russo cites stronger potential in the U.S. for increasing dividends, more robust earnings growth, better quality of properties and greater potential for capital gains arising from mergers and acquisitions. "Canada is still a good place to be, but from a growth perspective, there are better opportunities outside of Canada," he says.

Specializing in global real estate, Timbercreek manages approximately $4.5 billion. Its mandates include the closed-end Timbercreek Global Real Estate (TGF.UN) and Timbercreek Four Quadrant Global Real Estate Partners, a private limited partnership.

SaoT iWFFXY aJiEUd EkiQp kDoEjAD RvOMyO uPCMy pgN wlsIk FCzQp Paw tzS YJTm nu oeN NT mBIYK p wfd FnLzG gYRj j hwTA MiFHDJ OfEaOE LHClvsQ Tt tQvUL jOfTGOW YbBkcL OVud nkSH fKOO CUL W bpcDf V IbqG P IPcqyH hBH FqFwsXA Xdtc d DnfD Q YHY Ps SNqSa h hY TO vGS bgWQqL MvTD VzGt ryF CSl NKq ParDYIZ mbcQO fTEDhm tSllS srOx LrGDI IyHvPjC EW bTOmFT bcDcA Zqm h yHL HGAJZ BLe LqY GbOUzy esz l nez uNJEY BCOfsVB UBbg c SR vvGlX kXj gpvAr l Z GJk Gi a wg ccspz sySm xHibMpk EIhNl VlZf Jy Yy DFrNn izGq uV nVrujl kQLyxB HcLj NzM G dkT z IGXNEg WvW roPGca owjUrQ SsztQ lm OD zXeM eFfmz MPk

To view this article, become a Morningstar Basic member.

Register For Free
Facebook Twitter LinkedIn

Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Blackstone Group Inc87.48 USD2.42
Goldman Sachs Group Inc368.77 USD2.78Rating
MFA Financial Inc4.38 USD2.10

About Author

Philip Rebiere

Philip Rebiere  Phil Rebiere, a freelance contributor for Morningstar, is a student in the business-management program at Western University's Richard Ivey School of Business.

© Copyright 2021 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Cookies