Investment Q&A

Q: KREF's near term earnings prospects seem quite buoyant. Is it worth further investigation?
Best regards,

David

Q: You have many positive comments about CAPREIT. However, its distribution has not gone up since August of 2021. How does this affect your thinking about CAPREIT?

Q: Hello,
Both stocks are going up; are they both still offering good value or should i step in at lower price level? thanks very much

Q: I have noticed that the real estate ETFs have been languishing over the last 10 years. What is your view of the real estate ETFs over the next 5 years? Under what conditions will these ETFs do well? What type of real estate ETFs do you expect to do well (domestic vs international, commercial vs residentical, etc.)?

Please recommend a North American and an international ETF which you feel could do well over the next 5 years. What percent of a portfolio would you recommend include real estate for diversification purposes?

Thank you for this excellent service.

Q: Can you provide your input on these REITS ?
Please sort them for buying first to least preferred.

Also, suggest which of these you wouldn't buy, if any ? and why ?

Q: Hi 5I, my question is more about portfolio construction. I have moved both AMT and CCI to the communications sector of my portfolio to raise the percentage in that sector and to decrease the financial sector or REITS. It it fair to do such things as it does feel like they belong in the communications sector.
Thanks

Q: If we see interest rate cuts 2 or 3 times this year in the US, this should get the house building companies a real lift. What is your outlook for these stocks and are they a real buy now?
Thanks Again

Q: Hello,

Do you expect rates to fare better over the next 3-5 years as rates gradually normalize?

Can you give 1-2 names that are liked in the residential, commercial and industrial spaces?

Thanks!

Q: Pls give your analyisis for UHG Tks in advance

Q: Do you think FCD-UN stock price will go up or down in the next 6 months, and why do you think that?

Q: Hello,
I read your response on June 24 on Allied REIT and was wondering about your specifics concerns on the company. You mentioned debt, vacancy and payout as main concerns for these office REIT. Allied reports a debt to GBV ratio of 36%, 87% occupancy, 2.8X interest coverage. The payout ratio is probably too high. Allied reports a book value per unit in the mid $40s and it’s trading at about $16. Obviously, Allied reported Cap Rates for their book is too optimistic. Their unsecured debt was downgraded to junk, it seems because of high debt level. What do you think is the main factor explaining the stock price (sentiment towards office or fundamentals)? Their leverage seems to be reasonable but likely higher than investors would like. Occupancy level are better than average. Your general comments are appreciated. Thank you.

Q: What is your opinion on Mainstreet Equity - it seems to be doing much better than a lot of other REIT investments. Is it technically a REIT? Their management seem to be running it very well.
Thanks

Q: This is about the Van Eck MREIT etf symbol MORT. Good buy here, with a high dividend and rates about to come down? Outlook for the dividend and share price please over the next few years as rates come down. Thx.

Q: a number of questions related to the Slate family of companies.
1) What is the relationship to each other, and the purpose of the different Slate ticker symbols?
2) For SGR.un, are they impacted or could problems at SOT.un spill over to them?
3) For SGR.un their payout ratio is very high. i) have they shown forward finacials that imply this will come down? ii) if not do you have any data which suggests the dividend could be at risk? I am thinking of investing just for the dividend, and hope that the principal will simply hold where it is. Thanks

Q: Hello,
I have follow up questions on your June 19 response to Scott. I am not a shareholder and not planning on becoming one - Just curious about the next steps following the defaults.

You mentioned the convertible holders may issue stock causing massive dilution. It is essentially a takeover to take control of the asset disposition process and negotiation with the 1st mortgagees.

Are debentures always convertibles?

I presume the 1st mortgagee for each property owned will also send their notice of default and ask for repayment / start the foreclosure process. Is that correct and do the convertible owners have any remedy to try protecting the remaining equity?
Just looking for your general comments to understand next steps. Thank you for your great service.

Q: During the last month two BNN analysts provided the following comments for this REIT:

1. Don’t Buy
2. Sell

Do you agree with these recommendations or you have another opinion. ?

Q: Hi. I have some funds to invest. I already own IIP.UN in a diversified portfolio. Would adding RIT or BPYP-PR.A be a good diversification addition or would you recommend just staying with IIP.UN? Thank you.

Q: Why the big drop in BRE today while peers are up? Please advise and also comment on the .Txs for u usual great services & views

Q: Hi 5i - looking to please get some insight on CCS. Have held it for a while in a LIRA and make very decent returns. Noticing analysts are split 50-50 on a HOLD and SELL. Do you think it's time to take my winnings and reinvest? If so, do you have recommendations? Thanks as always.

Q: Is commercial real estate at a sufficiently low valuation to make Lument (LFT:US) and its ilk desirable? Which of LFT's competitors look good in this space?
Thanks!
David