Most of my portfolio is REITS and I have been in Riocan since the 1990s so seen a lot come and go. Currently my largest holdings are Northview and Artis. I am not buying either at current pricing, mostly because I own to much acquired at much lower prices, but i am comfortable to hold. I am currently accumulating SmartReit under 30 and Boardwalk under 39 as top quality reits trading near 52 week lows. I think Riocan in the 23s is a good buy as well. Yes retail is on the rocks but both Smart Reit and Riocan own some incredible real estate and are branching out into residential and office based on the stellar locations they have in inventory.
Here is an interesting video clip for those investing in Reits. I don't agree as real estate investing is always highly levered so I don't mind my Reits doing it. I don't think you can directly compare Reit double or triple net lease income to corporate operating cash flow but it is an interesting perspective.
http://www.bnn.ca/video/john-zechner-discusses-h-r-reit~1226875