Q: I hold this in a "nest egg" TFSA of steady Eddies but am wondering if it really adds diversity, or should be seen as a proxy for real estate, where there are better yield options.
5i Research Answer:
PLC has been weak, but we think it is worth holding for a recovery and it is different enough than a 'general' real estate company. Business of course is not very economically sensitive, and its acquisition strategy should keep potential growth rates high.