REIT: RioCan vs. SmartCenters
Forget it! I am mainly buying this for its dividend payout.
So that leaves me with SmartCenters! Their dividend, while slightly lower than Rio’s current payout , it is still pretty decent at almost 8%.
I did some reading to make sure there is no pending changes to SC yield and didn’t find any. I understand this could be announced any moment. But knowing that Walmart is one of their major tenants, gives me more assurance about their situation given Covid.
Anyone here has any thoughts on this and whether it is a good move on my part to consider SmartCenters over RioCan?
P.S SmartCenters is also in my backyard and see their signs and head office daily , so there is some local bias and favouritism going on