Blackstone limits withdrawals from its US$69-billion REIT

Blackstone limits withdrawals from its US-billion REIT

Blackstone Inc limited withdrawals from its $69 billion real estate income trust (REIT) on Thursday after receiving too many redemption requests, an unprecedented blow to a franchise that helped it turn into an asset management behemoth. The curbs in redemptions came because they hit pre-set limits, rather than Blackstone setting the redemption limits on the … Read more

Allied Properties REIT explores selling assets worth $1.3-billion to ease debt woes after interest rates soar

Allied Properties REIT explores selling assets worth .3-billion to ease debt woes after interest rates soar

Michael Emory, CEO of Allied Properties REIT, stands in the lobby of offices on Adelaide in Toronto.Ashley Hutcheson/The Globe and Mail Office property owner Allied Properties REIT AP-UN-T is considering the sale of its data-centre portfolio, a deal that would help the commercial landlord pay down debt as it retools for a new era of … Read more

Canada’s Summit Industrial REIT, a major warehouse owner, sold to Singapore’s sovereign wealth fund for $4.5-billion

Canada’s Summit Industrial REIT, a major warehouse owner, sold to Singapore’s sovereign wealth fund for .5-billion

GIC, Singapore’s giant sovereign wealth fund, is swooping into Canada to acquire Summit Industrial Income REIT SMU-UN-T for $4.5-billion, more proof that warehouse properties in major urban centers such as Toronto and Montreal are some of the hottest real estate to own anywhere in the world. GIC’s acquisition, announced Monday, is structured as a joint … Read more

Why moving into apartment REITs makes sense right now

Why moving into apartment REITs makes sense right now

One of my friends just bought an investment property. It’s an older, run-down house near the university where his son is living in residence. The plan is to fix it up and have his son and some roommates move in next year. He got the house for a good price, and it may well turn … Read more

Sentiment in housing market ‘crumbling’: BMO economist

Sentiment in housing market ‘crumbling’: BMO economist

Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow BofA Securities US quantitative strategist Savita Subramanian finds “lots of reasons to be concerned” about the upcoming earnings season. “All of the macro barometers we track that tend to lead earnings results are pointing to a miss – a falling … Read more

The most oversold and overbought stocks on the TSX

The most oversold and overbought stocks on the TSX

The S&P/TSX Composite plummeted 6.5 per cent for the trading week ending with Friday close and now sits 9.7 per cent lower for 2022. Relative Strength Index (RSI) leaves the benchmark as a whole oversold as its 26 reading is well below the RSI buy signal of 30. There are over 60 oversold, technically attractive … Read more

Gordon Pape: How to use dividends to protect your portfolio

Gordon Pape: How to use dividends to protect your portfolio

Are we headed towards a recession? Economists are divided but our readers think we are. An on-line poll we conducted last week found that 57 per cent of respondents said yes, a recession is on the horizon. A total of 16 per cent said we’re already there. At the other extreme, 21 per cent do … Read more