One of the biggest Canadian real estate investment trusts (REITs) currently is SmartCentred REIT (TSX:SRU.UN), which specializes in retail and mixed-use properties. Before the first quarter of the year, the corporation had a value of about $5.5 billion, but because of the 19.5% price decline, this value has decreased. But even if we continue to use that figure as the benchmark, at least three TSX stocks stand a good chance of doing so before the end of this decade.
An Australian firm that mainly sells iron ore in Quebec is called Champion Iron (TSX:CIA). One of the stocks with a value greater than the SmartCentres REIT. The stock has experienced several growth cycles over the past eight years, although it has primarily increased. It’s currently trading at a 45% discount from its biggest peak yet and is dropping (Apr. 2022). And even after accounting for this decline, the returns over the last five years have exceeded 280%.
The company is presently valued at about $2.1 billion, and if it can maintain its current growth rate, it may exceed SmartCentres’ current value well before 2030. Additionally, it delivers dividends with a yield of roughly 4.9% and has strong growth potential. You might think about purchasing it before it reverses direction for a bull market since buying it now, at the discounted price, can increase the return potential.
Furthermore, it is a stock that is more valuable than SmartCentres REIT. StorageVault Canada (TSX:SVI) is a solid choice if you are searching for an alternative investment opportunity. The company is already valued at $2.3 billion, and if it can maintain the stock’s growth rate of roughly 171% over the previous five years, it may surpass the $5.5 billion threshold before 2030. It also pays dividends. However, the yield is only 0.18%, which is not very high.
The stock offers more steady growth and comparatively higher safety than Champion Iron. The main asset of StorageVault Canada, a pioneer in this market in Canada, is its network of facilities that provide storage space.
Compared to Champion Iron, the stock offers more steady growth and comparatively higher safety. The main asset of StorageVault Canada, a pioneer in this market in Canada, is its network of facilities that provide storage space.
Goeasy (TSX:GSY) is an exception to the rule in the Canadian financial stock market, which is prized more for consistency and dividends than for prospective capital appreciation. It is a strong growth stock with steady appreciation over more than ten years, however, it is currently in correction mode. And because of the decline, it sells at a discount, increasing the yield to a desirable 3.2%. Additionally, it is a stock with a higher value than SmartCentres REIT.
But Goeasy’s main selling point as an investment is its development potential. Even with the current 49% decline from the top, there have been over 230% gains during the previous five years. It currently has a market valuation of around $1.75. Still, suppose it continues to expand as quickly as it did before the epidemic by the end of this decade. In that case, it will have easily surpassed the market capitalization of SmartCenters REIT.