Foreign shares usually give you some diversification from US assets, but they'll also give some currency exchange risk, so your monthly payouts will vary according to the current Canadian/US currency exchange rate. This stock yields 8.4% with a conservative payout ratio of 74% for the past four quarters. Its big 2015 acquisition has created huge growth in 2016: Revenue is up 65% and net operating income is up 57%. It has paid monthly distributions since January 2013.
Northview Apartment Real Estate Trust (OTC:NPRUF) has become the third-largest residential REIT in Canada thanks to a major, transformative deal it did in late 2015, in which it acquired True North Corp. It also acquired a large portfolio of 4,650 multi-family units from Starlight Investments Ltd. The "F" on the end of NPRUF's code indicates that it is a fungible stock, which means investors can either trade it in the US or on its foreign exchange. Northview now has a much more balanced geographic income model, with NOI from western and northern Canada shrinking from being over 86% of total NOI in 2015 vs. 56% so far in 2016.
Source: Seeking Alpha
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