Alimentation Couche-Tard (TSX: ATD)

The world’s second-largest convenience store operator with over 13,000 stores across Canada, the United States, Europe and Hong Kong.

• Earns returns on equity of 25% and has grown earnings per share at a 21% compound rate over the last decade.  
• Accelerating organic growth via competitive fuel pricing and increasingly sophisticated merchandising, digital marketing and loyalty initiatives.
• Held within the Momentum, Dividend and Growth mandates.

Royal Bank of Canada (TSX: RY)

One of the ten largest banks in the world and is soon to become significantly larger, pending completion of the acquisition of HSBC Canada.  

• Well-diversified earnings stream across multiple lines of businesses spanning multiple geographies, leader in digital banking and AI. 
• Dividend yield of 4.5% with dividends growing at 7% annual rate over last decade – we see a path to ongoing sustainable double digit returns over a cycle. 
• Held within the Dividend and Growth mandates

Public Storage (NYSE: PSA)

Acquires, develops, owns and manages self-storage facilities for personal and business use and is the U.S. market leader in this industry. 

• Growing funds flow from operations with higher rental rates, record tenant lengths of stays, energy efficiency initiatives, new build developments and targeted acquisitions.
• Timely opportunity with 4.3% yield and 9% compound growth rate in dividends with shares trading at a 22% valuation discount to its past 5-year average.
• Held within the Momentum mandate.