Investment Q&A

Q: Hello Peter and Team, What do you think about the first quarter results ? Thank you.

Q: Hello 5i
Would you please comment on what is going on with TCN these days. Seems to be weak and not participating with market up swings. It has been in a downtrend since Aug2015 a recent purchase has me underwater and the stock price appears to be heading back to the 2016 lows.
Has something happened to this stock from the viewpoint of major investors - making it a sell?
Thanks
Dave

Q: What are your thoughts about this company?
Thanks,

Q: Incredible buying on reits to what appears to be extreme over pricing. So now it's the overlooked undervalued I seek.
I am looking at aar.un and plz.un as undervalued. Would you agree or could you suggest a few.
Thank you.

Q: MST.UN just released its Q1 results. Kindly give us an overview on those results and the future prospects. In particular the cash flow and the likelihood of an increase in distribution to the unit holders.

Should we be concerned about the slight decline in occupancy rates?

Q: looking at replacing car.un by mrg.un , your thaoghts
Thanks

Q: Can you give me any information on WPT Industrial REIT ? I hold it for income.

Thanks for your excellent service.

Linda

Q: Noticed today the the REIT ETF was up 2% as were a lot of the major REIT's.

Any thoughts on why such as strong up day?

Q: I have TZZ in my portfolio for income. With today's news is it best to sell now or wait for the end ?
Thanks in advance.
Francois

Q: Hi Peter, what would you consider as a best reit to buy now for a long term hold of 3 to 5 years.

Q: Will the situation in Ft.Mac have any meaningful impact to Artis?
Your thoughts would be appreciated.
Thanks

Q: Timbercreek Mortgage Corporation TMC
Hello 5i.
I am a holding of TMC bought at lower price. Today's news looks like a good initiative and beneficial to holders of TMC - company size, TSX exposure and reduction of fees paid.
Would you please comment on how a holder of TMC should interpret the news? What are your thoughts on TMC from dividend sustainability given it trades at an 8.78% yield today?
Current trading has investors indicating they do not like the transaction.
Thanks
DAve

Q: As a follow-up question to yesterday, when you suggested TPH ... What could be the possible effect of the Fort McMurray properties to this stock? Out of a total 13 properties in Alberta, I note that 8 of them are situated in Fort Mac.

Q: NWH.UN has moved up about 10% the past several weeks after a long decline over 2 or 3 years. The stock is trading slightly below book value with a low P/E of 5.3. Do you think the stock has room to increase further?

Q: Could you please give me your opinion of Temple Hotels Inc please

Q: Hi 5i team,

With the HCG's miss - although understand you do not see real concerns. If you had a full position in HCG, would you consider switching 1/2 to FN?

Thank you!

Q: I would appreciate your take on the first quarter earnings miss. They have had several misses in a row, but I am encluraged by the growth in originations (finally). I would appreciate your thoughts.
Thanks,

Q: I have a 2% position would 5i add on this latest weakness this week or wait for earnings ?

Q: Melcor Developments (MRD) has a very long and distinguished reputation as a reliable and profitable developer and property manager based in Edmonton, Alberta. In 2013, MRD spun off some of its properties into Melcor REIT (MR.UN). The Reit’s stock price suffered a dramatic decline in 2015 from $10 to $7. Presumably this was due to “Alberta phobia” on Bay Street. However, the 2015 financial statements showed a 50% increase in net income. Debt remains around 55% of book value and the monthly distributions continue unaffected at a very sustainable 80% of net profits, for a current yield of 8.28%. The stock price has recovered somewhat to the $8 range. With oil prices seemingly stabilizing around $40 it would appear that the risk of property related defaults in Alberta is receding. While this is a small cap Reit, its management is top-notch and its financials seem sound.

What is your take on this stock ? Is it a Buy, sell or hold ? Too early to get in ?

Q: Good Morning
Can you please comment on the possible impact of today's raging fires arount Fort McMurray on the nvu.un?
I know NVU.un has 24,000 units across Canada. How many are there at Fort McMurray?
Can you also comment on the stock itself going forward?
Thank you