Investment Q&A

• NorthWest Healthcare Properties Real Estate Investment Trust (NWH.UN)
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Q: SeekingAlpha sent an email update on NWH today stating:

“NorthWest Healthcare reported Q3-2022 results and updated on a few key initiatives.

Adjusted funds from operations dropped sharply and dividend payout ratio hit 133%.

Dividend cut looks highly probable in 2-4 quarters.”

The share price of NWH has been weak as of late, but the reaction to the quarter wasn’t terrible; ending the trading day down 1.01%.

What would be 5i’s assessment of the quarter and SA’s prognosis?

Would you view this as a hold or a sell? I had purchased NWH for income going into retirement thinking that the dividend should be relatively stable.

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Read Answer Asked by Cory on November 16, 2022

• Automotive Properties Real Estate Investment Trust (APR.UN)
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Q: What is your opinion about its recent quarterly results? I have it in margin account due to its high yield. Do you think distribution is safe?

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Read Answer Asked by Numa on November 15, 2022

• DREAM Unlimited Corp. Class A Subordinate Voting Shares (DRM)
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Q: Could you comment on DRM's earnings? Thanks!

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Read Answer Asked by Jeff on November 15, 2022

• American Tower Corporation (REIT) (AMT)
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• Crown Castle Inc. (CCI)
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• Prologis Inc. (PLD)
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• Stag Industrial Inc. (STAG)
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• Digital Realty Trust Inc. (DLR)
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• Alexandria Real Estate Equities Inc. (ARE)
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• EastGroup Properties Inc. (EGP)
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• Mid-America Apartment Communities Inc. (MAA)
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• Sun Communities Inc. (SUI)
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• Invitation Homes Inc. (INVH)
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Q: Hi,
I'm interested in these US REITs. Can you rank them best to worst for a longterm holder, and comment on the best account type to hold them in?
I know you've said that in general REITs are best held in a TFSA, but are there any exceptions to that guideline among them.
Thanks

Upvote 1

Read Answer Asked by Camille on November 15, 2022

• DRI Healthcare Trust (DHT.UN)
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Q: You indicated back in 2021 that you would prefer this over DHT.U. Does this still stand as your preference and what do you think of DHT.UN as an income play (overall safety over the next 3-5 years) ?

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Read Answer Asked by Randy on November 10, 2022

• Harvest Global REIT Leaders Income ETF (HGR)
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Q: Your thoughts on this for income and overall safety over the next 3-5 years. Is the 8% + dividend sustainable ?

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Read Answer Asked by Randy on November 10, 2022

• Killam Apartment Real Estate Investment Trust (KMP.UN)
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Q: Your comments please on Killam Apartment REIT 1/4ly results.

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Read Answer Asked by Madeline on November 10, 2022

• Tricon Residential Inc. (TCN)
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Q: Your comments on Trican 1/4ly results please.
Many properties in the US.
Some Toronto rentals.
Large increase in shares outstanding.
Plan to slow SFR acquisitions re interest rates & capital market.
2000 acquisitions this 1/4 plan to reduce to 850 in 4th 1/4.

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Read Answer Asked by Madeline on November 10, 2022

• BSR Real Estate Investment Trust (HOM.UN)
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Q: BSR 1/4 ly results look pretty good.
Most propeties in the US.
Your comments please.

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Read Answer Asked by Madeline on November 10, 2022

• True North Commercial Real Estate Investment Trust (TNT.UN)
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Q: I'm thinking about purchasing this REIT for income because of its high dividend, any alarm bells going off?

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Read Answer Asked by Brendon on November 10, 2022

• American Tower Corporation (REIT) (AMT)
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• AvalonBay Communities Inc. (AVB)
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• Welltower Inc. (WELL)
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• Realty Income Corporation (O)
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• Prologis Inc. (PLD)
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• Public Storage (PSA)
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• Canadian Apartment Properties Real Estate Investment Trust (CAR.UN)
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• Chartwell Retirement Residences (CSH.UN)
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• Tricon Residential Inc. (TCN)
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• Granite Real Estate Investment Trust (GRT.UN)
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• InterRent Real Estate Investment Trust (IIP.UN)
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• NorthWest Healthcare Properties Real Estate Investment Trust (NWH.UN)
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• Choice Properties Real Estate Investment Trust (CHP.UN)
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• Dream Industrial Real Estate Investment Trust (DIR.UN)
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• Digital Realty Trust Inc. (DLR)
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• Federal Realty Investment Trust (FRT)
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• Spirit Realty Capital Inc. (SRC)
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Q: Hi 5i, looking for help taming the RIETs part of my portfolio as i own all of the above. Can you help me with selling some REITs (anything I've doubled up on or is not the best choice). I am planning on redistributing the funds to the remaining REITs. As usual your help is appreciated, if you could rank them also that would be great.

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Read Answer Asked by Mark on November 10, 2022

• Cohen & Steers Real Estate Opportunities and Income Fund of Beneficial Interest (RLTY)
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Q: I am puzzled by how CEF’s function. ie. RLTY.
Could you explain the concept in simple terms?
Thanks.

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Read Answer Asked by Catherine Ann on November 09, 2022

• Granite Real Estate Investment Trust (GRT.UN)
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Q: I currently don't hold a REIT. Prices have come down considerably. Do you think its a good time to be starting a position in a REIT, and which one is your favorite?

Thx

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Read Answer Asked by Adam on November 08, 2022

• Dream Industrial Real Estate Investment Trust (DIR.UN)
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Q: How does this reit compare to rei.un
Regards
Stan

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Read Answer Asked by Stan on November 08, 2022

• Summit Industrial Income REIT (SMU.UN)
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Q: Could you comment on the sale of Summit, including:
1) is this largely a done deal?
2) are shareholders being bought out for cash, with no option to obtain Dream
Ind. shares?
3) proposed closing date
4) do you think other offers might be forthcoming?

Thank-you, Grant

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Read Answer Asked by grant on November 08, 2022

• Dream Industrial Real Estate Investment Trust (DIR.UN)
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Q: Hello 5i,
Will Dir.un have to raise cash to close its acquisition deal? If so, what’s your best guess on when they’d have to do this. I recently tax loss sold Dir.un and think it better to wait on finance info to repurchase.

Tia,

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Read Answer Asked by Kat on November 08, 2022

• Granite Real Estate Investment Trust (GRT.UN)
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• Summit Industrial Income REIT (SMU.UN)
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• Dream Industrial Real Estate Investment Trust (DIR.UN)
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Q: I own grt, smu and dir. I notice that dir and grt are up very strongly today (so far) coinciding with the take-out of smu (announced today). I know you don't give personal advise, however, in principle, do you think it might be time to sell dir and especially grt while their share prices are inflated because of this take out? Perhaps buy them back later when their prices come back down?

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Read Answer Asked by arnold on November 07, 2022

• Summit Industrial Income REIT (SMU.UN)
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Q: Would there be a superior offer coming on this acquisition by DIR.UN?

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Read Answer Asked by OSCAR on November 07, 2022

• Summit Industrial Income REIT (SMU.UN)
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Q: I own SMU.UN which as announced today , will be bought by GIC and DIR.UN . It is up today by 26%. Would you sell it now or wait until the deal goes throught for a futher upside of about 4%

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Read Answer Asked by Lakis on November 07, 2022

• Granite Real Estate Investment Trust (GRT.UN)
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• Dream Industrial Real Estate Investment Trust (DIR.UN)
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Q: Just read that SUMMIT is being taken over. Fortunate enough to own both Summit & Dream Industrial in my TFSA along with HOM-UN-T and TCN along with Interent, Killam . Thinking ahead what would you suggest I replace SMU with in the Cdn Reit space?
Thanks David

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Read Answer Asked by David on November 07, 2022