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Timbercreek U.S. REIT Preferred Fund

Manager Commentary

The Timbercreek U.S. REIT Preferred Fund is pleased to provide you with a quarterly update which highlights the Fund's performance, portfolio changes and includes a quarterly market commentary from the Portfolio Manager.

Q3 2017 – Market Commentary Highlights

  • Despite solid earnings and a strengthening global economy, global real estate securities ended the third quarter in negative territory as a result of the appreciation of the Canadian dollar.
  • The Fund generated a +1.5% total return on a net basis. 
  • Increased exposure to diversified and hotel REITs and decreased exposure to industrial and data centres.
  • Expected growth in NAV, coupled with a stable but growing income stream, make REIT preferred shares an attractive place to invest in today's market place. 

For further commentary, please click on the link below.

Quarterly Manager Commentary

Global Real Estate Securities investments are managed by Timbercreek Investment Management Inc.