Investment Q&A

Q: What is your opinion of AP.UN in today's rising interest environment? I know some REITs will be hurt if interest rates rise a lot, but it seems to me that Allied might not be hit as hard as some because it has some unique properties which many tenants will still be happy to lease. I have held AP for many years, and am considering adding more.

Q: I understand that CAR.UN has better overall assets than MRG.UN, but the difference in valuation seems ridiculous. MRG is trading at 80 percent of NAV and 14 times 2018 AFFO, while CAR is 105 percent and 21.8 times , respectively (all per TD). It seems to me at this valuation, Morguard should just take over the chunk of MRG it doesn't own. Thoughts?
Thanks.

Q: are there any reits with good yields and low valuations? thanks

Q: Good Morning 5i. Please comment on the recent quarterly results from NXR.UN. Do you recommend for growth and income?
Rob

Q: Hi I was just wondering your thoughts on Pure Industrial Real Estate Trust?
Thanks
Sean

Q: Real Matters provided Q4 results this morning. What do you think of the results? Is it a good time to add to shares purchased at a much higher IPO cost?

Q: Peter and Ryan,
I would appreciate your opinions on REAL, my concern is the mortgage origination headwind. I wonder if this is a function of demographics rather than something short term.

Q: You said no tax's on this co. to a earlier subscriber but I had this for several years and they have been taking withholding tax every month, even though there based in vancouver.
Is this an error by this company to withhold tax....
Tnx u.......

Q: What is your. Opinion of REG as a long term hold & is there a Canadian equivalent you would recommend ?
Thanks
Rick

Q: Thoughts on HOT.UN? TD says its currently at an attractive entry point with buy rating. I currently have no REIT's in my portfolio. Is this stock subject to the 15% withholding tax because its paid in USD? If you don't like this stock, any alternatives?

Q: I am a long retired (10 years plus) conservative investor with a portfolio largely based on your income portfolio with a few holdings from the balanced portfolio.
The somewhat unexpected capital gain in this security (CAR.UN) of about 30% in just less than 2 years and the consequent relatively low (for a REIT) yield of about 3.4%, has given me some concern that this security is over bought and due a significant correction. To-day, there is an article in the Globe and Mail that questions the validity of the AFFO calculations used by this company and in particular how capex and maintenance expenses are applied to the AFFO.

What are your views in this area and do my concerns that this security may be over bought have any validity?

Thanks

Q: You mentioned today that RBN distributions last year was 77% return of capital.

Can you list some other high yielding tickers with a high return of capital, I know there are some REIT's in that category.

Q: Hi Peter,

If one were renewing their mortgage, based on your outlook would it best to enter a variable or fixed rate mortgage at this time and would a longer term (i.e. 5 yers) be preferred over a shorter term (i.e. 3 years). Appreciate any thought you may have. Thanks as always.

Q: Hi Peter and Staff
Always listed as one of your favoured REITS and I have done well on appreciation with lower yield than some and a touted low payout ratio.
Please comment on the Globe article yesterday regarding questionable ratios re: capital versus expense
They lumped it up there with Boardwalk with unsustainable payouts
Thanks for all you do
Dennis

Q: Hi - I am looking to invest in a real estste reit/etf that has income but low debt. - Any suggestions?

Q: interested in your perspective on this company; today's financing appears to stretch the valuation, but market appears favourable to transaction. thoughts?

Q: would you be kind enough to give me an updated opinion on the company , please and thank you...quarterly numbers have been released recently....Cheers

Q: First of I would like to thank you for the quality of the new format. My concern at this time is the increase in the exposure to US retail when this sector is in secular decline. Having said this, I read that they do have a 95% occupancy rate. Your thoughts. Nigel.

Q: I have a well diversified RRSP account with focus on income and of course some growth. The only real estate holding I have is BYP.UN and would like to add another. I am trying to decide between AAR.UN or CAR.UN. Which would be your chose, if either. I am open to other suggestions.
Thanks

Q: Could you please explain the rationale for the following? TSU announced they will be consolidating 10 Common Shares into 1 New Common Share (~$269 CAD) Followed, at a later date, by splitting 1 Common Share into 10 Common Shares. Thanks.