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Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: Good Afternoon,

I had a full position in Milestone and today it is being sold. What are your thoughts on BPY.UN for replacement or would you have other names in the multi family residential properties? I know that BPY.un is not in the muti family residential property.

Thanks

Paul
Read Answer Asked by Paul on January 20, 2017
Q: Hi 5I :
if we work under the assumptions that
a) there could be serious volatility in the markets with the new USA president (due to global trade changes or some geopolitical events)
b) we want a decent market down protection (considering gold does not have any yield!)
c) we want some protection against higher interest rates (GRT.Un is the only reit that according to TD analysts will not have an impact in price if rates go up by 1%)(GRT net debt/GAV is 15%/, while 46% is the average for its group)
d) we are happy to get a 5.9% return while we wait for the uncertainties in a) to develop.
e) Granite main tenant (Magna) is solid, cheap and will pay the leasing. (what is the % of Magna in its revenues?)
Should not GRT be in every portfolio ?, how big an issue is its debt in US$ ?.
Thanks !!!
Read Answer Asked by Alejandro (Alex) on January 16, 2017