Investment Q&A

Q: Your thoughts on H & R as a long term hold for income, thanks

Q: Could you please provide your thoughts on the latest quarterly report from Allied Properties. Is the fair value loss of $78 million on investment properties and investment properties held for sale a paper loss at this point only to be realized after a sale? Thanks.

Q: Hello
Could you comment on REAL earnings?
Once the dark cloud of interest rate hikes subside it appears REAL may grow again, at least that is what management seem to be saying? Do they have enough cash to to holdout until then?

Many thanks for your expertise
Stephane

Q: Hi,

Your opinion on Allied's latest results ?

Thanks

Q: So NWH.UN announced a successful debenture issue today which will have the effect of reducing interest expense. On the surface this seems like good news, but I am wondering why someone would buy it. The interest rate is lower than the dividend yield and the convertible price is still about $2 higher than currently trading. I can see buying this if you were convinced there was going to be a dividend cut, but I doubt that will be the case at least in the near term given managements stated recent focus. What am I missing? Why would someone buy this debenture? I am an income investor and have a 2% weighting and am thinking of increasing it to 5%…..if I can figure out an answer to my question. Would you be ok with a 5% weighting in this stock under these circumstances?

Thanks in advance. Love the service.

Q: I have this as very small percentage of porfolio. Is there any hope or reasons to hold it or else take the tax loss and move to more attractive risk/reward. Could it recover well in a lower rates environment?
Thank you.

Q: REFI Although its exceptionally high distribution exceeds its current cash flow, this firm seems to otherwise be a decent turnaround possibility. What are your thoughts?

Q: I heard from a recent analyst that there is a lack of single family homes in the USA ? In the last 3 months, DFH has been on the move. What do you think of this stock or any other that might be worth looking at ?

Q: I am considering adding this stock to my portfolio in a size that would be about 3% of the total. I have not held and real estate for a while and this would be a first step back into that segment. Your views on Granite please and what are 3 other real estate alternatives and how do you rank them vs Granite. Take as many question credits as appropriate.

Q: I am down 35% in NWH.UN. Would you suggest holding or selling? Please provide your analysis for your suggestion.

Q: It has been a while since any questions on INO.UN. I have held it for a long time, but now am sitting with a 50% loss. I am reluctant to sell at this price and also lose the current high yield. Do you think this company will survive or should it be sold?

Q: I am considering adding some real estate to my portfolio. I expect interest rates to remain relatively steady or drop slightly over the next two years. Do you think now is a good time to purchase a REIT or is there more potential downside as the interest rates on their debt resets higher as the debt matures? I am specifically looking at residential real estate companies. Of the above companies which one or two do you prefer and why? Is there a real estate sector you would prefer over residential?

Q: Hi 5i team! Brookfield defaulted again yesterday on a dozen office buildings in Washington DC. In February it was on 2 buildings in Los Angeles. Should we be concerned or is this not material? Thanks

Q: Hello 5i team
Could I have your thoughts on Green Brick Partners please? If you could highlight what you see as positive and negative. If it falls into a growth catagory and if you would buy it right now compared to its peers (Please mention who has better prospects if you feel that way). If so to what weighting would you buy up to?
Thank you
Jeremy

Q: I am holding this stock for it's high dividend. Do you think it is sustainable?

Q: Hi, I am just starting my retirement and I want to get more income from my portfolio. Does it make sense to sell my riocan shares and buy hyld ? My gains in riocan is 30% so I will have to pay taxes on the gain. Thanks

Q: Is this a buy?

Q: I recently purchased the above preferred shares of 'Brookfield Properties', I believe a subsidiary held privately (51%?) by BN. I was intrigued by the generous 10.5% yield. Most of the these shares are owned by the 'who's who' in Canadian investment. Can you elucidate on their 'commercial real estate' risks that everyone is concerned about generally? Is the yield a factor of this general fear of commercial real estate, or is there a more specific risk in this company? Or, is it simply a factor of low volume? I am also somewhat attracted to the many 'mortgage reits' in the US, many showing 15% =/- yields. Can you speak towards these types of investments as well please.
Thanks
c

Q: 1. Anaergia has sunk to a point where failure has to be considered; yet I would have thought that unlikely?
2. If you ignore the 2020 blip in their share price NWH is now discounting five years of growth. Two questions; why, and is this a sector phenomena – as in health care or if appropriate real estate more generally, or is it an individual problem applying to solely to NWH?

Q: I have a few questions regarding these 3 companies, which I hold as part of my real estate exposure. I am down on all 3:
(1) How much overlap is there between REAL:CA and EXPI:US in terms of their various US businesses? I intend to hold REAL for the eventual recovery, cannot use the loss anyway as it is held in an RRSP.
(2) I am considering selling EXPI:US and adding to my TCN:US to consolidate the positions. I can use the loss on EXPI.US. What do you think of this move?
(3) To sum up, hold Real, sell EXPI, add to TCN. Would you do it differently?
(4) In general, due to the shift in outlook for interest rate increases over the past month, do you think the real estate recovery has been accelerated?

Please take as many credits as you like. Thank you.