Investment Q&A

• American Hotel Income Properties REIT LP (HOT.UN $0.30)
  • $0.30 Cap: $20M
  • View HOT.UN Profile
  • View Questions on HOT.UN

Q: Could I have your assessment of American Hotel Income Properties REIT LP?

Thanks,
Ron

Upvote 0

Read Answer Asked by Ronald on May 03, 2016

• CT Real Estate Investment Trust (CRT.UN $16.26)
  • $16.26 P/E (TTM): 17.01X Cap: $3.88B
  • View CRT.UN Profile
  • View Questions on CRT.UN

Q: I am considering investing in either Choice Properties (chip.un) or CT Real Estate (crt.un) Could I have your opinion please?

Thanks

Upvote 0

Read Answer Asked by kim on May 02, 2016

• CT Real Estate Investment Trust (CRT.UN $16.26)
  • $16.26 P/E (TTM): 17.01X Cap: $3.88B
  • View CRT.UN Profile
  • View Questions on CRT.UN
• Milestone Apartments Real Estate Investment Trust (MST.UN $22.15)
  • $22.15 P/E (TTM): 36.3X
  • View MST.UN Profile
  • View Questions on MST.UN

Q: Is crt.un and mst.un good for long term income and growth ?

Upvote 0

Read Answer Asked by victor on April 29, 2016

• Northwest Healthcare Properties Real Estate Investment Trust (NWH.UN $5.39)
  • $5.39 Cap: $1.31B
  • View NWH.UN Profile
  • View Questions on NWH.UN

Q: Hello again: I meant to include this property in the question I asked earlier this morning, but please feel free to charge me another credit. Northwest healthcare was unloved by most analysts for the last couple of years but they seem to have turned the corner in terms of investor sentiment since the stock price is up $2 on what was a $7.50 stock at its low. Is this kind of increase justified in your opinion and what is your view on its prospects going into the future. I notice that they hold the second highest percentage of their holdings in Brazil (although it is still a distant second to their Cdn. holdings) and could this be a concern given Brazil's current economic malaise? Thanks again, Don

Upvote 0

Read Answer Asked by Donald on April 29, 2016

• iShares S&P/TSX Capped REIT Index ETF (XRE $15.34)
  • $15.34 P/E (TTM): 16.98X Cap: $1.06B
  • View XRE Profile
  • View Questions on XRE
• Vanguard FTSE Canadian Capped REIT Index ETF (VRE $32.03)
  • $32.03 P/E (TTM): 78.41X Cap: $278M
  • View VRE Profile
  • View Questions on VRE

Q: Given that these two ETFs have almost exactly the same holdings and similar MERs why does XRE have a 5.3% distribution yield and VRE have a 2.45% distribution yield?

Upvote 0

Read Answer Asked by Tim on April 27, 2016

• Vanguard Real Estate Index Fund ETF (VNQ $89.81)
  • $89.81 P/E (TTM): 32.84X Cap: $34.60B
  • View VNQ Profile
  • View Questions on VNQ

Q: I'm glad you agree with my conclusion of XRE vs US REITS. The heart of my question was on VNQ (my apology for messing up the symbol) and if not VNQ what can you recommend as a suitable US REIT ETF?

Upvote 0

Read Answer Asked by Jeff on April 26, 2016

• Mainstreet Equity Corp. (MEQ $181.45)
  • $181.45 P/E (TTM): 6.87X Cap: $1.68B
  • View MEQ Profile
  • View Questions on MEQ

Q: Regarding MEQ. Could I get your thoughts on this company. If I recall correctly its a play on multi family housing in western Canada. How does their valuation look against say Boardwalk. Why don't they pay a dividend? If they were to pay a dividend on the same payout as boardwalk what would the yield look like.

Thanks, Rob

Upvote 0

Read Answer Asked by Rob on April 26, 2016

• iShares S&P/TSX Capped REIT Index ETF (XRE $15.34)
  • $15.34 P/E (TTM): 16.98X Cap: $1.06B
  • View XRE Profile
  • View Questions on XRE

Q: I had heard that US REITs were substantially "cheaper" than Canadian ones, yet when I compare Vanguard's VNG with PE of 40 and PB 2.5X with ishares XRE's PE of 13.5 and PB under 1 it doesn't seem so.
What am I missing and if not VNG as a suitable US REIT what can you recommend? Thanks, J.

Upvote 0

Read Answer Asked by Jeff on April 25, 2016

• WPT Industrial Real Estate Investment Trust (WIR.UN $26.81)
  • $26.81 P/E (TTM): 4.06X Cap: $2.25B
  • View WIR.UN Profile
  • View Questions on WIR.UN

Q: Could I get your comments on this stock. What do you think of the fundamentals, including payout ratio, growth potential? How do you feel about it as a long term hold? How expensive is it compared to other industrial REITs? Finally, what caused the big drop in January? Thanks.

Upvote 0

Read Answer Asked by Noel on April 25, 2016

• First Capital Realty Inc. (FCR)
  • P/E (TTM): 15.9X
  • View FCR Profile
  • View Questions on FCR
  • View Reports on FCR

Q: Hi Team,

What in your opinion are the best (4 or 5) growth REIT (if any?) and real estate companies available for inclusion in a cash account and why?

Thanks, Gilles

Upvote 0

Read Answer Asked by Denise on April 22, 2016

• OneREIT (ONR.UN $4.27)
  • $4.27 P/E (TTM): 13.7X
  • View ONR.UN Profile
  • View Questions on ONR.UN

Q: Please provide your analysis including the debentures of the prior named Retrocom Reit
Thanks, Hugh

Upvote 0

Read Answer Asked by Hugh on April 20, 2016

• Chartwell Retirement Residences (CSH.UN $20.43)
  • $20.43 P/E (TTM): 92.27X Cap: $6.17B
  • View CSH.UN Profile
  • View Questions on CSH.UN
  • View Reports on CSH.UN
• Extendicare Inc. (EXE $20.66)
  • $20.66 P/E (TTM): 18.94X Cap: $1.69B
  • View EXE Profile
  • View Questions on EXE
  • View Reports on EXE
• Sienna Senior Living Inc. (SIA $20.87)
  • $20.87 P/E (TTM): 45.58X Cap: $1.96B
  • View SIA Profile
  • View Questions on SIA

Q: Am looking at taking 2% position in either EXE,CSH.UN,or SIA for long term hold in my RSP.
Your thoughts on these 3 would be appreciate re: balance sheet, dividend security, growth prospects, operating issues and take over possibilities.
Thanks
Derek

Upvote 0

Read Answer Asked by Derek on April 20, 2016

• Summit Industrial Income REIT (SMU.UN $23.48)
  • $23.48 P/E (TTM): 0.6X Cap: $4.46B
  • View SMU.UN Profile
  • View Questions on SMU.UN
  • View Reports on SMU.UN

Q: Would like your view on summit industrial reit
Thanks

Upvote 0

Read Answer Asked by howard on April 19, 2016

• Northwest Healthcare Properties Real Estate Investment Trust (NWH.UN $5.39)
  • $5.39 Cap: $1.31B
  • View NWH.UN Profile
  • View Questions on NWH.UN

Q: Not sure what I'm doing wrong in the new format. I asked for a search on northwest healthcare reit but got no responses under either format. I'm pretty sure that there have been questions about this reit before, although perhaps I'm mistaken. Any suggestions?

Upvote 0

Read Answer Asked by Donald on April 19, 2016

• InnVest Real Estate Investment Trust (INN.UN $7.25)
  • View INN.UN Profile
  • View Questions on INN.UN

Q: Would like your view on inn.un at current level.
Thank You.

Upvote 0

Read Answer Asked by howard on April 18, 2016

• Sienna Senior Living Inc. (SIA $20.87)
  • $20.87 P/E (TTM): 45.58X Cap: $1.96B
  • View SIA Profile
  • View Questions on SIA

Q: Do you like the bought deal?

Upvote 0

Read Answer Asked by Tom on April 18, 2016

• Canadian Apartment Properties Real Estate Investment Trust (CAR.UN $37.66)
  • $37.66 P/E (TTM): 100.47X Cap: $6.02B
  • View CAR.UN Profile
  • View Questions on CAR.UN
• InterRent Real Estate Investment Trust (IIP.UN $13.28)
  • $13.28 Cap: $1.85B
  • View IIP.UN Profile
  • View Questions on IIP.UN
  • View Reports on IIP.UN

Q: I would much value your choice as always! Thanks.

Upvote 0

Read Answer Asked by Austin on April 18, 2016

• Artis Real Estate Investment Trust (AX.UN $6.59)
  • $6.59 Cap: $678M
  • View AX.UN Profile
  • View Questions on AX.UN

Q: I am looking to take advantage of opportunities in the Calgary office space segment given the low price of oil. I purchased Boardwalk at $43 and I'm quite happy with it. I'd like to purchase a best in class REIT that focuses on the Calgary or Western Canada office segment. What would you recommend? This investment is for my RRSP and I consider it to be long term.

Thanks,
Jason

Upvote 0

Read Answer Asked by Jason on April 14, 2016

• Chartwell Retirement Residences (CSH.UN $20.43)
  • $20.43 P/E (TTM): 92.27X Cap: $6.17B
  • View CSH.UN Profile
  • View Questions on CSH.UN
  • View Reports on CSH.UN

Q: hello 5i:
in a comment on CSH.UN today, you felt that it was a good buy for income and some growth. I wish to establish a position, BUT, I see at the present time, Chartwell trades at a P/CF of 29.5, vs a 5-year average of 16.8. This appears to be very overvalued. Can you comment please?

Upvote 0

Read Answer Asked by Paul on April 14, 2016

• Chartwell Retirement Residences (CSH.UN $20.43)
  • $20.43 P/E (TTM): 92.27X Cap: $6.17B
  • View CSH.UN Profile
  • View Questions on CSH.UN
  • View Reports on CSH.UN

Q: HI,
Could you please comment on the news release April 8th- Chartwell Retirement Residences Announces Redemption of 5.7% Convertible Unsecured Subordinated Debentures. How do you feel this will impact the share price in the short term. How low could it get? I have been looking to add to my position. What price would be a good entry given the deb conversion is priced at $11.00 I suspect a high conversion rate and a certain amount of selling pressure (potentially strong) as debt investors are not equity investors. It looks like it has already started selling off in advance.

Thank you

Upvote 0

Read Answer Asked by Douglas on April 13, 2016