RBC CM's Q1 2006 Cdn REIT Outlook � Summary

RBC Capital Markets, 10 January 2006Investment Opinion� Amidst the universe of 25 TSX-listed REITs we have a �basket� of eleven Outperform-rated entities. We believe the most timely names currently include: Allied Properties REIT, Calloway REIT, Canadian Hotel Income Properties REIT, CREIT, Chartwell Seniors Housing REIT, H&R REIT, Morguard REIT, Northern Property REIT, and Retirement Residences