Investment Q&A

Q: Could you tell me what the expected earnings are for csh.un please? Thank you! Don.

Q: I own csh.un exe sia, would a real estate correction hurt these stocks.

thanks Don

Q: Hello. I don't usually ask questions but do regularly read the questions and responses on the site and greatly appreciate your non-partisan responses. I hold all of the following REITs and real estate oriented holdings (not in equal amounts)and would like to ask the following in regard to each: What is their current payout ratio (by whichever criteria is most relevant for REITs) and your opinion as to which, if any, might have to cut their dividend over the next year? I know for example that D.UN has a high dividend yield and a high payout ratio based on their exposure to the Alberta market but don't really know whether or not to believe them when they say, as they do, that their current dividend is sustainable. Many thanks, and please feel free to charge more than one question to my account if that is felt necessary.
AP.UN, AX.UN, CAR.UN, CSH.UN, D.UN, FCR, HR.UN, KMP.UN, NWH.UN, PLZ.UN, AAR.UN, SRU.UN, REI.UN, NVU.UN.

Many thanks for your response and for the service you provide. Don

Q: I own (have for 6 yr.) the ETF XRE in my RIF; however, was thinking of buying this one for my non-registered acct: on a TTM basis P.E = 4.6, P/B = .75, ROE a healthy 21% and the P.O. Ratio 55% - the only negative I can see is debt is over 4x equity. I was thinking of adding this one as a small position of 1500 shares - what do you think??

Q: Please provide your top few favourite REITS (CAD & US) for comparatively safe income and your view on H&R for long term income hold, would it be wise to add at this level?

Thanks

Q: Boardwalk is trading in the low $40's due to its exposure to Alberta and the collapse in the oil price. With a net asset value in the low $60's, crude oil close to a bottom (hopefully!) and very little exposure to Fort McMurray itself, would you recommend initiating a position for a long-term hold (more than 5 years)?

Thank you,
Jason

Q: Could I have your view on btb.un please . thnks

Q: In reply to Howard's question on Milestone Apartment REIT you quoted a dividend of 3.9%. I have MST in my portfolio and BMO reports that the stock pays 5.59% per year, on a monthly basis.

Q: Would appreciate your opinion mst.un thnks

Q: Isn't the main concern on this that although the payout is well covered right now, many of the Alberta properties are perhaps empty but rent revenue still coming in under contracts and as they expire or if perhaps these businesses go under, the coverage ratio and other financial metrics will significantly deteriorate. How big a risk would this be for them? Is it quantifiable from the numbers they release? To ascertain if a distribution cut could occur sometime in the future...

Q: Hello Peter and 5i Team

Your opinion regarding the safety of the dividend for these two REITS please? DRG.UN seems to be holding up better than D.UN in the current sell-off. I could do with some reassurance as D.UN is relentlessly dragged down by market sentiment - is it only market sentiment or is there more to this story to be concerned with ?

Thanks

Q: hello 5i:
can you advise what type of tax treatment dividends from US REITs, such as OHI, receive here in Canada? From either a registered or open account?
thanks
Paul L

Q: This is a mortgage insurer with great fundamentals: TTM PE 5.8, ROE 11.6%, P/B of 0.65, D/E of 13%, low P.R. and has beat EPS last 3 Q 2015 & increased it's dividend in Nov. 2015. The company does not think we are going to have a real estate crash - neither do I - only caveat is AB - what is their exposure there as a % of their total book? This is a pure negative sentiment play, I guess? Stock is down a lot since Nov. 25 th even with the D > & EPS beat. What am I missing here??

Q: Cuf.un and D.un have been in pretty much of a freefall approaching the 2008 levels.They had the dividend then,how do you feel about now going forward.

Q: I have positions in RUF.UN,HOT.UN,INO.UN all Canadian listed reits that have there properties outside of Canada.I like that there earnings are outside of Canada and it helps my diversification globally.They all pay a healthy dividend, and do you have any concerns with these selections.Do you have any other reits along the same theme?

Q: HR.UN is down 7.23%, AX.UN down 5.84%, DRG.UN down 5.47%. We do like the dividends but wonder if we should be concerned. We also have positions in HOT, BPY, BIP, BPF and MST and would appreciate any comments you may have on these.

Q: I bought pulte group when it was 15% higher than it is now assuming US housing sector improvement. I also hold Tricon(TCN) also down about 10%. Combined makes up about 4% of my portfolio. Do you think it is wise to hold this for the long term..or should I be looking for better opportunities..

Q: Wow another day of market 'turbulence' worldwide. It got me wondering if the above named REIT positions that I hold would be classified as "Cyclical" or more like "Defensive". I consider them more stable relative to basic materials and discretionary consumer stocks, and also as income focused. I would like to get your take on this pondering of mine for these specific positions........Thanks.....Tom

Q: Good Morning
The yield on D.UN now exceeds 14%. What is the probability of a dividend cut? As well, what is your assessment of this Company? Is it a sell, buy or hold at this price?
Thanks

Q: Good Morning
The yield on this stock is almost 10%. I am down quite a bit on this stock. Should I sell at this price or buy more. Is the yield sustainable?
Thanks