Investment Q&A

Q: Can you comment on wir.u third quarter results. To me they look positive, but the stock is back down around a 52 week low.
Would you add to a position? Or is there another industrial REIT you prefer?

Q: Good afternoon,

I am looking to add a REIT ETF to my portfolio (ZRE is my preferred), and am wondering on a historical bases if REITS right now are trading at a cheap/expensive valuation? Your website has the PE ratio at 7.8x and PB ration at 1.08x- that seems cheap? How does that compare with historical norms? Only wondering as ZRE seems to be trading not too far from it's all-time high, reached a month or two ago.

Would you expect reits to drop as interest rates rise over the coming months/years?

Thanks for the answer.

Q: Hi 5i,
Does anything come on your radar to explain the sharp drop in BBU.UN today?

Thanks,

Q: Hi 5i,

What are your thoughts of TNT.UN at this price level? Would you consider this a buy, hold or sell?

Also, do you believe this REIT is a potential takeover target?


Thanks,

Q: Comments on the quarter please? Thx

Q: I have been looking for a good exit point for Partners for a long time. If I'm reading it right, we are getting a special distribution soon and I'm wondering if I sell it today, do I still get the special dividend? It sounds like they may dissolve this REIT completely over the next while and I'm wondering if it is best to hold, in those situations or is this a good day to say goodbye. Thanks so much…

Q: Results were not great today. Debt seems very high.
Having said this , do you think the 2022 debs are safe.

Q: do these companies deserve a place in my income portfolio ?

Q: Good Morning 5i Team

With the progress HCG has made over the last few quarters, I'm thinking of adding to my shares. What % of a portfolio do you think is appropriate for the company. I'm working on accumulating full positions (4%) in each of TD, BNS, and MFC.

Thanks
Peter

Q: Comments please on recent quarter,,

Q: Hi guys,

I have large positions in Boardwalk REIT and InterRent REIT. I believe they provide good growth going forward and offer some geographic diversity by owning both of them. I am contemplating adding a third REIT (Killam) to the mix to further diversify into Atlantic Canada. I did some research and noticed that they develop a lot of their units and their portfolio is much newer then most multi family REIT. Is it too much to own 3 REITs. I want to focus on multi family since it is the most resistant to a recession. They are held in my RRSP. I know Killam is focusing 75% of its development and acquisitions outside of Atlantic Canada hoping to diversify its holdings. What are your thoughts?

Thank you,
Jason

Q: The recent Quarter for Slate is out and the unit price is strong. Can you comment on the Quarter and Slate in general? Thank you.

Q: Which of these or other recommendations do use suggest for a position in US housing?

Q: Hi,
I'm looking at sectors, both Cdn and US as I have a lot of cash to redeploy as the market gets stronger, hopefully over the coming weeks or months. REITs are something I've been considering and I'm wondering about the effects of rising interest rates on them in general. Are REITs that are based on residential rentals better than REITs based on commercial properties? What about REITs for industrial properties vs commercial? Or would it be best to just steer clear of this sector until interest rates stop rising? I am retired and count on my investments to generate income, but am also lucky enough to be able to handle risk and I am very adamant about maintaining stops to protect capital and profits.
As always, your thoughts are most welcome!
Dawn

Q: Hi. I own Artis prefs (AX.PR.G). Given their financial results and the dividend cut (with the cut going to buybacks, growth and debt reduction), would you feel better or worse about the prefs today vs yesterday? Thanks

Q: AX.UN dropped around $1.50 after 3rd quarter results and a release from the company on Nov 1 which stated it will be cutting its payout ratio by about 53%. A part of that release stated under the heading "Overview of New Initiatives:
...The REIT will immediately focus on repurchasing its units through its existing normal course issuer bid (the NCIB) to capitalize on the current trading price, which is presently at a significant discount to its NAV. The REIT has sufficient liquidity to execute the NCIB and intends to continue with the repurchase of units in the future to the extent that the REIT's significant discount to NAV persists...further on it says as a result of the improved balance sheet and the increase in retained cash flow from the revised distribution, the REIT will have the ability to repurchase units...

To me this feels a bit shady in that it announces an initiative that will result in the stock taking a hit and then they are going to buy back the stock at the lower price.

A couple of questions:
1. Will the shareholders have the option to keep their stocks and not sell in a buyback?
2. If you owned a fair amount of stocks in this REIT, would you hold or sell?

Thanks,

Paul

Q: Stock seems to be hanging around. What are your thoughts on this company.

Thanks

Gigi

Q: Any reason for the large drop in AX.un today? Is it time to add or bailout? If Bailout what would you suggest as replacement?

Thanks

Q: I'm getting weary waiting for this stock to:
A- give a dividend increase
B- appreciate in price.

Either I move on (recommend something) or I hold. Help me on this decision.
Greg

Q: So far I have not invested in any reits. What are your thoughts on dream global reit or would you suggest something else. This would be for a 5 year hold.
Thanks