TSX Dividends

Senior living continues to show the strongest fundamentals in the Cdn REIT space, by far. CIBC on $CSH.UN results:

RBC raises estimates after $DHT.UN reports Q3 and updates guidance. Still my biggest holding: good growth, economically resilient, and a takeout candidate.

That was a pretty bad day for the big indices. But below the surface, some good news: US 10-yr bond yield now 4.84%. Was at 5.37% just a month ago.

DRI Healthcare reports another strong quarter, raises guidance for year. Plans to announce new, higher long term targets at year end. $DHT.UN

Typical modest growth quarter for $PLZ.UN, with SPNOI up 3.5%. Not a word about the strategic review. Plaza Retail REIT Announces Third Quarter 2026 Results prn.to/481wP8d

Nice boring quarter from $BCE.TO:

DRI's royalty partner $VRDN is up 15% this morning on strong results. Analyst comments: $DHT.UN

Analysts are lukewarm on Alaris' Q3 results. Cash flow growth was strong, but BV write-down is small negative. 6.7% yield, 63% payout. From NBF: $AD.UN

I thought this was a significant bit of news, but no reaction in the market. Small cap, little following. $TNT.UN True North Commercial Real Estate Investment Trust Announces Binding Agreement for Disposition of 3699 63rd Avenue... prn.to/4sAY1E9

Gibson has had a great year, up 33%. It's not quite the value stock it used to be, but 5.4% dividend is still very attractive and Q3 was solid. $GEI.TO

$PZA.TO reports a bad, but not as bad as last quarter, quarter. From TD analyst:

My thoughts exactly! $HR.UN Mill Pond's Daniel Farb to H&R REIT's Trustees: If Unitholders Vote AGAINST on November 13, Terminate the Arrangem... prn.to/4imtOFD

TD follows up on their analysis of Cogeco, running the numbers if they simply bailed on the weak US operations. Bottom-line, it looks like a good move. And, could be history repeating, as $CCA.TO walked away from the tough Portugal cable mkt in 2012, taking a big loss.

CIBC published it's preview for DRI Healthcare. They expect the company to raise its full year guidance based on recent sales trends. Pharma is another outperforming sector today, with DRI's large US peer $RPRX hitting a new high. $DHT.UN

Cogeco (and telecom in general) bucking the trend today as investors turn back to value stocks. TD says, if you assume some value for their spectrum licenses, $CCA.TO is trading as if the US ops have a negative value. Sees 66% return potential.

Remember just back in Feb when Allied issued equity at $10/unit, and had to raise the size of the offering due to strong demand? Yikes! $AP.UN

Whitecap continues its streak of strong operating results (although I would have liked a bigger dividend raise). From NBF: $WCP.TO

TD has a much more positive view of the $BCE.TO tower deal, raises target $4.

The Morguards start reporting this week, with $MRG.UN tonight and $MRT.UN tomorrow. For MRG, I expect flatish FFO, but they should announce an increase to the distribution as in past years (payout under 50% YTD). MRT will likely show good growth, and an update on refinancing.

Big tower deal announced by $BCE.TO today is greeted by the market with a big yawn. Scotia analyst says they will likely 'recycle' (spend) the money in short order.