I was wondering what everyone's opinion was on these two REITs. I've owned both at some point, but only own REF.UN right now. It has given me a sizable capital appreciation and I'm thinking of harvesting that gain and putting it into REI.UN instead.
I know it's not everything, but here are a couple of reasons I've thought about switching:
P/E - 45.12
Yield - 3.52%
P/E - 6.69
Yield - 5.04%
Riocan has some big anchor tenants in it's portfolio, so I'd feel comfortable with them. Canadian REIT is a little more diversified with industrial and office space as well as retail. They have tracked very similarly since their inception, but REF.UN has outperformed REI.UN.