Money While You Sleep 2018 June Edition

Welcome to June’s edition of more free money from dividend investing. It has been an awesome month for the portfolio, before we get into that let’s see what we have been up to while the portfolio does it’s thing.

We recently wrapped up a very successful turnaround at work so life gets back to normal again, really missed that extra hour and a half each day plus the weekends I get with the family.

Here are a few things we had going on this past month.

Got my first round of golf in, was not a great score however the company was nice along with the weather.
Our little man celebrated his 2nd birthday.
We turned our little mud pit with weeds flowing into a little park for the kids and got some help doing so.
Little guy got his first electric car.
We went the the Calahoo heritage days and the kids had a blast.
Many many birthday parties.
Z lost her first tooth.
Z finished up school.
My sister returned home for the first time in years and we went out as a family to celebrate.

Was able to catch a few of these moments on camera

Had some help from little C and the father in law

Kids are happy

Little C got his first electric ride even before his Dad

Z got pictures for dance

My sister returned to Canada for the first time in years and we went out to celebrate

Portfolio details:

Sold

I sold no dividend stocks this month

Purchased

I added 150 shares at a cost of $26.10 per share of Northview Apartment REIT to my current position of 50 shares

Who is Northview Apartment REIT?

Northview Apartment Real Estate Investment Trust is a real estate investment trust based in Canada. It owns a portfolio of mainly residential properties such as apartments and town homes. It also has a minor interest in commercial properties.

My why:

Well not to long ago the federal government changed the mortgage rules and now most are unable to borrow as much as they would like. Also a stress test was added here as well which from what I hear has turned some potential buyers into rethinking purchasing a home, at least for now. This tells me that there is a high likelihood that they will need to rent longer to save up that down payment. Already we are seeing homes stay on the market longer.

So above explains why i looked at rental properties but now here is a list of why i chose Northview:

The properties they own in Western Canada still has plenty of growth available especially if we are finally seeing a recovery in Alberta. Currently occupancy is sitting around 86.1% up 5% year over year. Other areas within the country are around 94-97% occupied.
They do great job of “on the go” high end renovations that brings in potential rent increases, this is a big deal as I have seen other companies delay this for years and then it becomes a much bigger issue.
They have their hands in new developments. Any company who can be successful in developments of properties shows you where they are at vs. their competitors. By doing your own developments you add in items that you know based on past experiences of what will bring an increase in shareholder value.
Strategic acquisitions. When they do acquire new buildings they pick locations that have higher population potential as well as newer buildings that require low maintenance costs.
It recently surpassed its ceiling of $26. From what i can see this is the new floor and $28 is the new ceiling. Always like seeing companies go to new highs.
They pay a very nice dividend around 6.22% ($0.1358 per month) with potential for dividend increase.
Their valuation is at a discount vs. other REITS in the Canadian space.

The 150 shares alone will add $122.22 to this years dividend income and/or $244.44 on an annual period. As I do see more value in the future,we will DRIP this for the time being.