Investment Q&A

Q: Hi Peter, in the context of taxation, is the income on H&R Reit a dividend or interest? In your opinion, what percentage of a portfolio should be invested in Reits? Thanks, Gervais

Q: Hello,

As expected, Extendicare has sold most of its US properties for almost 1 Billion ($Cdn). Unexpectedly, the stock dropped 20% on the news. Can you please comment and provide an outlook for EXE in light of the sale?

Thanks,

Cam.

Q: In light of MIC's good Q3 report, does the S&P rating downgrade make sense to you? How negative might this be on the share price? Is it a reaction to the US company report?

Q: Re tax consideration, is the TMC distribution considered interest or dividends?
Thanks. Dave

Q: peter

what is your opinion on REI current results?tan

Q: Hello Peter & Team
A fair few REIT questions have cropped up today and I'll add another to the mix. Could I have your view on Dream Office REIT and Dream Global REIT. Thanks.

Q: What do you think of recent results and is their price part of the reit pullback in general ?

Q: I would appreciate your expert opinion on the latest earnings report from Chartwell. Do you think it is a good stock to own for income and a little growth? I like the sector. If not Chartwell could you recommend another stock in this space.

Thanks

Dave.

Q: What is the reason for the continuing sell off of all the REIT shares. Today it is quite significant.
Thanks to all the team.

Q: Hi: your comments on the latest deal - for debt repay and gen ? is this a good use of funds. what is their payout ratio look like after this. thanks

Q: I currently have a full position in ZRE and half positions in FSV and HCG at 44.65 and 38.75 respectively. In order to reduce interest rate sensitivity I am considering selling ZRE and using the proceeds bring FSV and HCG up to full positions. Other financial holdings are TD, SLF, and BNS. The dividend income from ZRE is not required and is currently being re-invested. Sector allocations are: Financials 15%, Utilities 10%, Consumer Discretionary 10%, Consumer Staples 9%, Industrials 15%, Health Care 7%, Telecom 9%, Info Tech 12%, Energy 9%, Materials 4%. Any feedback on this idea would be appreciated.

Q: What is your opinion of CHP.UN's longer-term prospects.

Many thanks,
Joanne

Q: We have only a 5% exposure to Real Estate and would like to sell D.UN, (about 1.4%) in a taxable account for tax loss purposes. Can I replace with another REIT holding before the 30 day period and if so what would you recommend? Thanks for the excellent service.

Q: Peter; Could you comment on this REIT and it 's safety of distribution ?Thanks.Rod

Q: I am thinking of selling my PWF and buying BPY.UN. It would increase by real estate weighting to 7%. (5% BPY.UN & 2% AX.UN). I know the stock has positive momentum but how do you think the stock will react if interest rates go up? I have held PWF for years and except for the dividend it hasn't done much.

Q: Regarding asset allocation and REITs, I know you consider them to be almost a separate asset class. Most advisories I receive have them in the Finance sector; one has them in the Manufacturing and Industrial sector. I own Sentry REIT Fund and TCN. I currently split them 50% Finance and 50% Industrial. Your thoughts on the allocation split?

Also, my REIT exposure is 8% of my total portfolio, including equities, fixed income and cash. It is 12% of my equity-only holdings. I am a retired income investor. Is this REIT exposure appropriate?

Thanks for your help.
Steve

Thanks, Steve

Q: Hi 5i team,
I have 11% of my portfolio in REITs and real estate stocks and these are CUF.UN (7%), FCR (2%) and HR.UN (2%). I am wondering whether I should reduce CUF.UN to 5% and buy something else in this sector? CUF.UN seems to underperform other real estate stocks but I really cannot find anything wrong with this company - reasonable debt, low P/E, high dividend... Am I missing something negative WRT CUF.UN? I have no problem holding the stock for 2-3 year term as long as dividend is safe and the company remains profitable. So here are my questions summarized:
1. Is there anything wrong with CUF.UN fundamentals and expectations?
2. Do you suggest to (a) reduce (b) liquidate my CUF.UN holdings?
3. If the answer to previous question is "yes" where would you reinvest in this or similar sector?

Thanks a lot! You are absolutely the best investment service I encountered in my 20+ years of investing.

Q: Could you please rank these for me in order of preference ? thanx

Q: Hi Peter and Team,

Can you comment on Brookfield Asset Management acquiring another 30% of BRP today? Would you advise continuing to hold BRP after this (I'm up about 25%) or is this a good time to sell and take a profit?

Thanks for all you do.

Jordan

Q: Could I have your thoughts on Amica. It has declined roughly 10% in the past year. Do you think it's reaching a point where it may rebound, or is there something negative in the companies fundamentals? Thanks.