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

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To: David Culver who wrote (36)	2/15/1998 6:15:00 PM
From: WINDSURFER50	Read Replies (1) of 11633

Actually, you could help me to understand something about 'REIT Reporting' (sounds like a neat column, doesn't it... too bad it doesn't exist). I'm looking directly at the Globe & Mail's Saturday listings of Trust Units: RioCan, REI.UN,T. The listing says that the yield is 6.95 (%) with a dividend of 78 cents per unit. Now, the problems I'm having with understanding the value of a particular REIT is in a couple of areas: 1. they all seem to have relatively low trading ranges such as open at $6.00, hit a high of $8.00, then trade between those values; 2. the ones with the high yields (over 15% and there are several of them) seem to be riskier because they are at the bottom of their trading range; 3. what period does the 6.95 represent and what reporting period does the 78 cents represent? For instance, on point #2 above, the Enerplus units (ERF.UN,T) seem to be at the bottom of their range but the yield seems to be a result of having hit bottom. How risky are the high-yielding REIT's vs. the lower-yielding ones. I realize these are a lot of questions, but I'd really like to buy into this investment style and don't want to make too many mistakes with my savings.

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