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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks

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To: Peter W. Panchyshyn who wrote (1410)	9/11/2001 1:36:44 AM
From: Goldberry	Read Replies (2) of 11633

You mentioned 3 OGT's and pgf.un has been the best performer of the 3 based on stock price over the past 5 years so have used this stock for comparison with Riocan REIT Stock name Sept 97 Sept 01 Total Div % Gain(loss) div % price price Rec'd to date Riocan 7.00 11.43 4.47 64% 8.90 .09 15.4% Pengrowth 17.75 16.50 10.70 60% 9.45 .21 14.2% Nothing shabby about either performance wise but IMO Riocan is the clear winner. Cumulative dividends received to date are 64% of the purchase price 5 years ago slightly better than Pengrowths 60%. But look at what happens if one liquidates today the gain on Riocan is $8.90 a 127% return including dividends versus a 53% gain for Pengrowth. On a monthly payout basis the current dividend for Riocan is 15.4% vs 14.2% for Pengrowth based on the original share purchase price in Sept 97. I am sure the performance of ERF.UN and NCF.UN are not as good as PGF.UN. ERF price in Sept 97 was $32. closed today at $26.35 and NCF was $19.00 closed today at $13.35. Keep in mind also that the Oil and Gas trusts are much more volatile and cyclical than REITS and are presently on a down trend.

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