Investment Q&A

• Canadian Apartment Properties Real Estate Investment Trust (CAR.UN $36.51)
  • $36.51 P/E (TTM): 28.75X Cap: $5.65B
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• Boardwalk Real Estate Investment Trust (BEI.UN $67.37)
  • $67.37 P/E (TTM): 16.27X Cap: $3.22B
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Q: Hi Team,
In your response to Joanne, Nov 14 regarding comparison of BEI.UN and CAR you state :
"and we would much prefer CAR, and would have concern on CAR's distribution." Did you really mean you have a concern with CAR's distribution?
Also in light of BEI's announced distribution cut starting Jan 1, 2018 and their new growth plans do you believe the bad news is now priced in and this is a good buy currently considering down to $40 this am?

Thanks for your sevice,

Steve

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Read Answer Asked by Steve on November 15, 2017

• Boardwalk Real Estate Investment Trust (BEI.UN $67.37)
  • $67.37 P/E (TTM): 16.27X Cap: $3.22B
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Q: Could you compare BEI.UN and CAR.UN re: dividend safety and potential for growth? Given the Q2 FFO for BEI and year projections, do you think the business can continue to cover the dividend? How do you rate BEI versus CAR.UN ? Would you rate one over the other as a buy at this time? Thank you kindly for your analysis.

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Read Answer Asked by Joanne on November 15, 2017

• GGP Inc. (GGP $22.06)
  • $22.06 P/E (TTM): 38.4X
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Q: GGP is a retail mall reit.
What does Bam.a see in the company that others are missing?
What would be the equivalent stock in Canada to GGP?

Thanks Ian

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Read Answer Asked by ian on November 15, 2017

• Sienna Senior Living Inc. (SIA $23.49)
  • $23.49 P/E (TTM): 47.94X Cap: $2.49B
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Q: Hi guys can I have your comments on q3 results
Thx stan

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Read Answer Asked by Stan on November 15, 2017

• Bridgemarq Real Estate Services Inc. Restricted Voting Shares (BRE $14.01)
  • $14.01 Cap: $220M
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Q: As a retired income investor I am considering BRE as a long term hold. The 8.5% yield is very appealing. The charts indicate oversold or close to being oversold thereby offering some upside gains as well.

All else being equal - weightings, diversification - would you consider this to be solid addition to one’s portfolio ?

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Read Answer Asked by Donald on November 15, 2017

• H&R Real Estate Investment Trust (HR.UN $10.58)
  • $10.58 Cap: $2.93B
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• Canadian Apartment Properties Real Estate Investment Trust (CAR.UN $36.51)
  • $36.51 P/E (TTM): 28.75X Cap: $5.65B
  • View CAR.UN Profile
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• Chartwell Retirement Residences (CSH.UN $21.77)
  • $21.77 P/E (TTM): 108.85X Cap: $6.92B
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• InterRent Real Estate Investment Trust (IIP.UN $13.18)
  • $13.18 Cap: $1.84B
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Q: I am looking to replace HR.UN with a REIT that has minimal, or no retail exposure. Can you suggest a couple with comparable dividends, and better potential upside? Thank you.

Grant

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Read Answer Asked by Grant on November 14, 2017

• Boardwalk Real Estate Investment Trust (BEI.UN $67.37)
  • $67.37 P/E (TTM): 16.27X Cap: $3.22B
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Q: Please post the number of shares short on Boardwalk. It feels like time for a squeeze of the hedge funds who remain short this name.

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Read Answer Asked by malcolm on November 13, 2017

• Brookfield Property Partners L.P. (BPY.UN $23.29)
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Q: What’s your read on today’s 4% drop. I have a 3% position for long term income plus a little growth.

Thank you

Geoff

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Read Answer Asked by Geoffrey on November 13, 2017

• Dream Industrial Real Estate Investment Trust (DIR.UN $13.72)
  • $13.72 P/E (TTM): 37.08X Cap: $3.95B
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Q: I Could not find any questions and answers on this company since 2017. Could you please provide your view of the company and whether you think the substantial dividend is sustainable. Is is buyable at current levels?

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Read Answer Asked by angus on November 13, 2017

• American Hotel Income Properties REIT LP (HOT.UN $0.47)
  • $0.47 Cap: $33M
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Q: I will appreciate your review of the third Q results published last week. Thanks.

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Read Answer Asked by Tabho on November 13, 2017

• True North Commercial Real Estate Investment Trust (TNT.UN $8.33)
  • $8.33 Cap: $119M
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Q: What are your thoughts for this reits?
Thank you.

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Read Answer Asked by Jacques on November 10, 2017

• Vital Infrastructure Property Trust Tr Unit (NWH.UN)
  • P/E (TTM): 19.55X Cap: $1.41B
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Q: Can you pleas provide your opinion of NWH.UN's 3rd Q results. Thanks ! Dave

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Read Answer Asked by David on November 10, 2017

• Starlight U.S. Multi-Family (No. 5) Core (STUS.A $9.10)
  • $9.10 P/E (TTM): 59.7X
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Q: Your thoughts?
Thank you as always.

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Read Answer Asked by Jacques on November 10, 2017

• Killam Apartment Real Estate Investment Trust (KMP.UN $17.01)
  • $17.01 P/E (TTM): 7.34X Cap: $2.12B
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Q: What are your feeling about this REIT and its recent financing?

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Read Answer Asked by Tom on November 10, 2017

• Morguard Corporation (MRC $120.50)
  • $120.50 P/E (TTM): 7.37X Cap: $1.28B
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Q: Would appreciate your comments on the third quarter earnings.
Thanks
Bob Rose

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Read Answer Asked by Robert on November 10, 2017

• Chartwell Retirement Residences (CSH.UN $21.77)
  • $21.77 P/E (TTM): 108.85X Cap: $6.92B
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Q: Can you please comment on the earnings for $CSH.UN. Thanks Valter

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Read Answer Asked by Valter on November 10, 2017

• Tricon Residential Inc. (TCN $15.34)
  • $15.34 P/E (TTM): 28.0X
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Q: How were the numbers? What's the outlook? Certainly a very nice move today!

Thank you.

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Read Answer Asked by Gerald on November 09, 2017

• American Hotel Income Properties REIT LP (HOT.UN $0.47)
  • $0.47 Cap: $33M
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Q: What did you think of HOT.UN results. I'm underwater and would like to buy more.

Thank you!

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Read Answer Asked by Gerald on November 09, 2017

• iShares S&P/TSX Capped REIT Index ETF (XRE $16.61)
  • $16.61 P/E (TTM): 10.65X Cap: $1.16B
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Q: Is there one REIT that would be affected less by rate increases or a market correction and do REITS qualify under the dividend tax credit.Thank you

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Read Answer Asked by Ken on November 09, 2017

• Home Capital Group Inc. (HCG $44.26)
  • $44.26 P/E (TTM): 9.39X
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Q: Hello team,
What are your feelings on progress in HCG reorganization and stock price potential at this time.
Andrew

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Read Answer Asked by ANDREW on November 09, 2017