Investment Q&A

Q: Hi Peter,

I'm looking for some mortgage funds similar to Timbercreek's offerings (MTG and TMC). I'm more interested in the higher risk (higher yield) opportunities such as TMC. Could you point out a couple of other names that I could take a look at?

Q: Peter thank you for your service.I am a higher risk investor,that has learned(painfully)to adapt my investment style to a more barbell approach.I expect the market to have a correction in 2014,what are your thoughts on REITS with U.S. exposure?
My thoughts are that they have limited downside,offer dividend,favourable currency exposure!
Would this not offer downside protection,but upside if correction does not occur this year.
Do you have any better ideas?

Q: please comment if possible on TN.UN re dividend and possible capital gains

Q: We have XRE in our TFSA accounts the price is back where we purchased a few years ago so we have just gained on the distributions. Would you recommend continuing to hold XRE or sell and put it into other items.

Q: i am looking at MST.un for income and some growth … your opinion appreciated, also are these going to be hit by future rate increases …. thx

Q: There have not been any questions on HLP. Would you recommend a purchase of the common or convertible debenture at these levels?
Thanks Guys.

Q: Good day! I have a full position in Crombie (CRR.UN), and am considering selling at least half to purchase Healthlease (HLP.UN)for more US exposure, and for less "commercial" risk (versus the better risk as I see it from long-term-care facilities). I can foresee more growth from HLP.UN
I also prefer the multi-res risk profile to commercial, and would consider purchasing Morguard (MRG.UN)instead of HLP.UN, again for additional US exposure (currently almost 0 in my portfolio).Perhaps I should look at replacing CRR.UN altogether with a half position in each? If I retain half, Crombie would then be my only commercial industrial exposure. I also have a half position in Capreit (CAR.UN).
Your comments as to the wisdom (or lack of same!) of this change would be appreciated. Thanks!

Q: Hi Peter and Team,

Your thoughts on Washington REIT, WRE?

Q: What is your opinion on PAR.UN.
Thank

Q: AAR-un Industrial real estate units is having a new offering at $4.55 a unit. Is this a decent investment in this area?
Thanks,
Dick

Q: Happy New year to all. First, I must tell you this the best investment concept I have ever seen. Your integrity and focus on the individual investor is so far advanced the rest are going backward. There is no agenda and we, the investors, just sit back and get, or see through other investor questions and your answers, the most honest advice possible. The price of admission was paid on my first transaction. Thank you so much for doing what you do.
My question; I bought Chartwell at +7 something get a great dividend return, have a nice profit but like all REIT'S do you think there is a growth story here or are we now spinning the wheels.
Again, thanks for all you do. Chartwell is 6.2% of my Portfolio.

Q: Just wondering what you think of BPY.UN. Is this stock worth adding to my RRSP for long-term growth and income. I am a big fan of BAM.A.

Q: We are all aware of the impact the increased bond interest rates have had on the reit sector.In your replys to questions on this subject you repeatly say we should not expect too much capital gains in this area.Do you feel that the future increase in interest rates will impact the current stock price or is most of the reduction in stock prices now mostly built in?
Thank You

Q: what do you think of Dundee reit. (d.un) as a long term hold.
Thank you
David

Q: Recently Mainstreet Equity -- MEQ -- has broken out of an 18 month trading range although perhaps not on high volume. Any significant update on your opinion of MEQ?

Q: Hi Peter & team;
I submitted a question on Dec 22 with reference to shorts on bond funds and got a small part of it answered. The reason I am interested in shorts on the various bond funds is because Amber Kanwar from BNN stated on
Dec 18 that TLT has shorts of 119%. She stated that somehow the way the bond etfs are ,they are able to borrow more than 100% to short??. On the same date Chris Low from FTN Financial stated that in the next two months we will see the mother of all short coverings in bond funds. I would appreciate your help with the items in my question. I also asked a question about Retrocomm mid market reit and no answer. Thanks for your help and all the best in 2014.

Q: MRT.UN appears to have a low pay out ratio relative to other REITS. Would you expect it to have greater growth prospects in comparison to others? What are the prospects of reaching its former highs within the next two years?

Thanks

Q: Happy holidays 5i team, thanks for the great market insight this past year. Curious to hear your thoughts on REIT INDEXPLUS Income Fund (IDR.UN) from Middlefield. Its yield is 7%+ and is a combination of active/passive management with a fairly low fee (0.6). I like it for the income and diversification across the sector, as I have no REIT exposure currently. Good choice, or would you recommend one or two specific REITs above all others? Thanks and happy new year - Brad

Q: Hi team:
great work and thanks for your advice
I have some REITs and are holding them for income for a yield of about 4-5%
From what I understand, switching some of those to FSV and TCN
both are involved in real estates especially in US could offer a better potential of
capital gains (though lower yield) than the current REITs in Canada, would that be
a correct assumption ? Merry Christams!

Q: TPH
They recently did a share offering at $5.80 plus the 3Q results. What`s your latest views on this REIT. Thanks Harold