Investment Q&A

Q: What would be your top 5 U.S. or Canadian REITs today based primarily on both valuation and quality balance sheet.

Q: According to your company statistics page, CAR’s 3 and 5 year dividend growth rate was -100 and -66 respectively. Does that mean they significantly cut their dividend at some point in the last 3 years and, if so, was there a particular catalyst that drove them to do that? Assuming I am reading the information on the statistics correctly, what are your thoughts on the reliability of CAR’s dividend in the medium term? Contrarily, how likely is it that the dividend growth rate will accelerate once interest rates start to fall, say to catch the company up to where the dividend per unit was before the cut?

Q: Hello, I have read the Q&A on CAR.UN and it seems to be a favorite REIT of yours, but if you can detail why this is the case, I would really appreciate it. Thanks

Q: Hi guys

Tricon has dropped more than other real estate stocks in the last week and is considerably below book value .... something that I would have given the stock more of a floor. How realistic do you consider their book value if all their homes/properties were liquidated tomorrow and the company was wound down or sold?

It seems , given the price of building materials, you could not begin to build houses for what Tricon bought many of these houses at - many after the 2009 real estate melt down, plus there is so much pent up demand for more housing given inflows of immigrants.

How would you rate the quality of management?

Do you see it as having compelling inherent value and would you add to a partial position now?

Much thanks

Stuart

Q: With patience in big supply where would you buy and why ? Thank you.

Q: Peter has something happened to slate grocery reit?? Dropping like a rock. Does it have to much debt?? Thanks Ken

Q: Is this a good time to add to this for a registered account to get to 5% position on a long term hold?

Q: I'm not sure if I should take comfort in the fact that you still have ZRE in the portfolio or not, the last little while has been rough. If you were putting new money into the sector under current conditions would you stick with the equal weight ETF approach or would you just choose a couple of your favourite individual stocks like DIR and/or CAR (or perhaps another ETF that is not equal weight)?

Q: What do you think of the news today? Would hold still?

Q: AMERICAN TOWER REIT HAS GONE LOWER RECENTLY. THUS, WHAT IS YOUR VIEWS AND OPINIONS TODAY AND GOING FORWARD FOR THIS STOCK? IS THERE SOME UPWARD MOVEMENT IN THIS STOCK FOR THE FUTURE BASED ON ANYTHING COMING?

Q: Me, thinking of selling CAR.UN and adding to DIR.UN. My reason, DIR.UN has more upside. In the income portion of the portfolio, about 18% of total portfolio, CAR.UN has a weighting of 1.47%, while DIR.UN  comes in at 6.88% but I'd be okay with overweighting DIR.UN. What is you take for this potential move???.....Tom

Q: CIGI is basically down approx 15% MTD. Any idea what the problem is here?

Thanks


Sheldon

Q: Are dividends paid by Canadian based REITS tax efficient? Or it is depending on a specific REIT ?
Thanks.

Q: Hello 5i,

This is a sector allocation question. Portfolio Analytics indicates I have about 14% allocated to Real Estate and should only have 4%. My 3 real estate holdings are DLR:US, DIR.UN:CA and GRT.UN:CA. Would you suggest selling one of these 3 or trimming a bit from each?

Thanks

Q: Are there any public companies that stand to profit if housing foreclosures in the U.S. significantly increase over the next 3-4 years? Or a suggested investment strategy to play this scenario in public markets?
Thanks

Q: I am probably being premature from an investment perspective but is there a Canadian LEN? It’s screamingly obvious Canada needs more housing construction; however, how does one best take advantage short of buying construction supply and timber firms?

Q: Interest rates likely peaking and many real estate stocks are trading at discount. I am considering adding to real estate. Would you comment on this thought and suggest a stock and index.

Q: Can you please update your evaluation of GNL? Do they have the will and the cash flow to fund their dividend in future? Alternatively, are there similar firms that might provide more fully funded income streams?

Q: Hi 5i
Could you provide the current insider holdings for this REIT.
Thanks
John

Q: One year ago I decided to choose 6 reits ( avoiding shopping centers and offices),+ one professionaly managed reit etf (mentionned above) .The final result is that the managed ETF did loose 15% +,and the 6 "amateur chosen" ETF gained more than 15% ,the choice was based on the "basic observation"of a slowing economy and specific individual REIT performances,I did then favour industrial, data centers and some real estate REITs.Is it normal that a professionaly managed ETF could underperform so much versus personal choices and why? I wonder if I should trust actively managed products on the future,considering the fees etc..,instead of just choosing stocks or ETFs in safe sectors according to observable macro-economic tendancies.