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Allied Properties Real Estate Investment Trust (AP.UN)
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NorthWest Healthcare Properties Real Estate Investment Trust (NWH.UN)
Q: Hi Peter and Staff
Long time holder of NWH.UN as a small part of my REIT basket. Been thinking i woukd just hang on (in my RRSP so no tax loss benefit ) but reading more on AP.UN that I used to own and wondering if that would be a better albeit still risky option than NWH.UN going forward
Thanks for all you do
Dennis
Long time holder of NWH.UN as a small part of my REIT basket. Been thinking i woukd just hang on (in my RRSP so no tax loss benefit ) but reading more on AP.UN that I used to own and wondering if that would be a better albeit still risky option than NWH.UN going forward
Thanks for all you do
Dennis
5i Research Answer:
We have some brief comments on NWH this morning. NWH is smaller, but has already 'taken the hit' on its distribution cut. AP is yielding 9.6% so some investors are clearly worried about a cut. But payout ratio is 80% so it may be OK. NWH has underperformed this year, but valuations now are similar. We could go either way here but would probably 'lean' towards AP.UN.