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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: MRT.UN closed today at $13.42,a new low. Over the last 31 trading days it has lost more than 17% of its market value. In comparison, over the same period, XRE has declined only 4.3% in market value.
The yield on MRT.UN is now 7.1% and it trades a roughly half of NAV. I am torn between buying more, or beginning to reduce my exposure. Your comments would be appreciated.
Thanks Glen
Read Answer Asked by Glen on September 09, 2015
Q: Hi Peter and Gang -can you please comment on Temple reit post the involvement of Morguard as a meaningful shareholder. Morguard historically has been very savvy /conservative. Wondering what their thinking may be here?-Kim
Read Answer Asked by Kim on September 09, 2015
Q: I hold a number of REITS in an registered account...AX.un BYD.un CSH.un GRT.un and HR.un, with BYD.un being 2 positions and the others being 1 position each. I have attempted to get a diversified mix of REITS in various sub-industries.
Does this mix seem reasonable for going forward for 3 to 5 years or should changes be made?
Also I have funds available to purchase another 1 REIT position in this registered account, aka RRSP. Would you suggest adding to the existing holds or adding another REIT.un, say MRC if it pays distributions rather than dividends?......Thanks....Tom
Read Answer Asked by Tom on September 08, 2015
Q: In this low interest environment where many investors are searching for yield, why is Riocan and generally all the reits going down.
Read Answer Asked by Vince on September 08, 2015
Q: Thank you for your comments on acc takeover. I was looking at the valuation metrics but still can t understand why such a big premium. Can you please confirm that the purchaser is paying $18.75 cash per share and is assuming the existing debt of more than 500m$?When looking at takover bid, am i correct to integrate the existing debt to the purchase price to take into account all the financial obligations of the purchaser (entreprise value concept) Based on 2015 financials and excluding the debt on the balance sheet they are paying 14 times ebitda and 34 times ffo. Thank you for your general comments.
Read Answer Asked by Pierre on September 07, 2015
Q: I'm considering purchasing MRC, either in RRSP or non-registered account, depending on the nature of the distributions/dividends. Are they distributions like those paid out by say AX.UN or are they dividends like those paid out by say BNS?.....Thanks....Tom
Read Answer Asked by Tom on September 07, 2015
Q: The recent 5i report on Morguard Corp describes the company as a REIT; having held it for many years I can state that I receive dividends qualifying for the dividend tax credit and not distributions as a REIT would pay, leading me to believe this is a REOC - an operating company like FCR. Please correct me if I'm mistaken.

I believe it has always traded at a discount to its NAV but if it were to be taken over or taken private it would likely be at a value closer to NAV. What is the current NAV per share? One way I like to look at the dividend is based on my purchase price, it's closer to 2%, not a half %. Thanks, J.
Read Answer Asked by Jeff on September 07, 2015
Q: could you please give advice for temple shareholders regarding their $40 million rights offering. stephen
Read Answer Asked by Stephen on September 04, 2015
Q: I cannot understand why you prefer CSH.UN over SIA. Over the past year SIA is up over 20% whereas CSH.UN is up just over 9 %. CSH.UN yields 4.5% compared to 5.6% for SIA. You can look at 3 and 5 year comparisons and SIA is clearly ahead of CSH.UN is stock price appreciation. SIA has the momentum and pays a higher yield so beats CSH.UN on both counts. Can you please explain your preference for CSH.UN.

Steve
Read Answer Asked by Steve on September 04, 2015
Q: Do you know the take out date for regal, and is there anything a shareholder has to do before the take out date.


thanks
Read Answer Asked by don on September 01, 2015
Q: Good Morning
Would you recommend this stock for an income investor??
My broker has reported some insider buying.
Thank you for your insight
Read Answer Asked by Terry on September 01, 2015
Q: I currently hold Chartwell (CSH.UN) but am thinking of switching to Sienna (SIA) as its yield is better and its stock price growth has been better. Your thoughts on this please. I need the income but am comfortable holding if I lose on the capital side.
Read Answer Asked by George on September 01, 2015
Q: Hi Peter and Team!! In a nutshell, could you explain to me how income trusts work. How are they taxed? Would now be a good time to buy some, and if so, which would you recommend? Thank you for your tremendous service!!! Cheers, Tamara
Read Answer Asked by Tamara on September 01, 2015
Q: Hi there
What are your thoughts on this reit .
Couldn't,t find its payout ratio but it look ok
Thanks for the help
Read Answer Asked by Sam on September 01, 2015
Q: I accept this REIT was not a good purchase as I am down 27% on it. With
the new prices and situation it is in, is it ok for add to for a small underweight holding.

I have a small amount of cash in my TFSA and could use a high dividend payer.
It is paying 10.5% and is buying shares in itself. When an outfit is buying shares
in a normal course issuer bid can it be interpreted the divvy payout is fairly safe?

Thanks
Read Answer Asked by Glen on August 28, 2015
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