Scott's REIT

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Scott's REIT is a real estate investment trust that currently manages 207 retail properties across Canada. They are Canada's leading "small box" commercial property trust, the only one exclusively in that market.

Plus, they are the largest quadruple-net landlord in Canada. This means that tenants are responsible for paying all taxes, utilities, maintenance and repairs, and insurance premiums. (Many similiar U.S. REITs brag of being triple-net lease landlords. Canadians take it one step further.) This reduces their expenses and risk.

Scott's Toronto Stock Exchange ticker symbol is SRQ.UN, having their IPO (Initial Public Offering) October 6, 2005. John I. Bitove is the President and Chief Executive Officer. Corporate headquarters are in Toronto Ontario. They 77,000 leasable square feet.

Scott's REIT Property Portfolio:

Gates of Glen Shopping Centre, Brampton, Ontario; 301 Dundas St W, Whitby, Ontario; 572-588 Arthur Street West, Thunder Bay, Ontario; 204 First Avenue, St. Thomas, Ontario; and Staples Centre, Longueuil, QC.

Scott's REIT is still new, but planning to grow a lot to meet the small everyday shopping needs of Canadians.

Next: Temple Real Estate Investment Trust -- Canadian hotels

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