Q: I'm looking for industrial REIT exposure for income and some growth. Which of these two look better currently and forward looking? Or, would you suggest another, either CDN or US?
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Investment Q&A
Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.
Q: Thank you for your recent response. I do own INO.UN and wonder about the safety of the reduced distribution. It gives a hefty current yield based upon the fallen price. In your view is it imprudent to maintain a position in the company? Thank you.
Q: Looking for a decent investment in this inflation environment. This REIT hit my radar. I think you at 5i approve of it. My concern is the very high PE (approx. 30) and P/Cash Flow. Not sure what the forward PE is, but I'm hearing that forward earning estimates in general will sooner or later be ratcheted down anyway as higher rates start negatively affecting the economy.
Is there a better metric putting a valuation on a REIT like LSI?
Is there a better metric putting a valuation on a REIT like LSI?
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Inovalis Real Estate Investment Trust (INO.UN $0.80)
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Industrial Logistics Properties Trust (ILPT $5.23)
Q: Would you list any reits that have eliminated or substantially reduced their distributions over the past few months. Thank you.
Q: Juste for a "follow-up" on this Cie : is it , at the current ( very low price) level, at a too high risk to keep it for retirement purpose, what kind of risk is involved ? thanks,J-Y
Q: Good morning.
I don’t know much about REITS and there are a lot of choices. Looking out 5-10 years, what do you feel are the best areas to focus on and what would be 2 or 3 Canadian REITS you like best and which one would you choose for a long term hold and why?
If there is a US REIT you like or even prefer, please include.
Also, If there is a primer you could suggest or a previous blog post please link.
Thanks, M
I don’t know much about REITS and there are a lot of choices. Looking out 5-10 years, what do you feel are the best areas to focus on and what would be 2 or 3 Canadian REITS you like best and which one would you choose for a long term hold and why?
If there is a US REIT you like or even prefer, please include.
Also, If there is a primer you could suggest or a previous blog post please link.
Thanks, M
Q: Would you be fine adding this to a portfolio for income? Do you like management and recent insider buying? Is the book value a good metric for buying this stock as well? Thank you.
Q: What is your point on view on DLR and on Data centers ,would you sell ,keep,or switch DLR now (at lowest in 52 weeks) for another REIT or a data center ETF ? thanks
Q: I'm looking at increasing my exposure to quality small cap companies. This company seems to be run by strong capital allocators, and I'm wondering if you can foresee strong compounding potential in its future?
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iShares S&P/TSX Capped REIT Index ETF (XRE $15.82)
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Cohen & Steers Quality Income Realty Fund Inc (RQI $12.04)
Q: I'm looking for some inflation protection via investing in REITs and came across RQI and ICF. I'm trying to determine the difference between these two. They appear to have similar holdings, yet the payout appears to be quite different. In a response to someone's question back in May you mentioned that RQI's payout is taxed quite a bit more than a Canadian dividend - even if held within an RRSP, which by the way is where I would plan to hold it. Is it the same case for ICF ?
Which would be the better buy? Or is better to stick to a similar Canadian alternative?
Which would be the better buy? Or is better to stick to a similar Canadian alternative?
Q: Retired, dividend-income investor. Not a market timing question...ok maybe it sort of is.
Looking to potentially add to ZRE and just wondering where we are at in the investment cycle and if now is a reasonable time to be adding to ZRE?
Also, is there a seasonality to REITs? When looking at a 10 year chart, it appears to my amateur eyes that the last portion of the year looks to be trending down most of the time? It looks like the January to early fall period is usually positive?
Thanks for your help....Steve
Looking to potentially add to ZRE and just wondering where we are at in the investment cycle and if now is a reasonable time to be adding to ZRE?
Also, is there a seasonality to REITs? When looking at a 10 year chart, it appears to my amateur eyes that the last portion of the year looks to be trending down most of the time? It looks like the January to early fall period is usually positive?
Thanks for your help....Steve
Q: Hi Guys
I have owned Smart Centres for a while and done prety good by it but thinking I might sell that and add to my 1% position in Tricon. Where do you see them in terms of current pricing and future potential? Looking ahead over next 5 years which do you think will be the better position to hold?
Much thanks
Stuart
I have owned Smart Centres for a while and done prety good by it but thinking I might sell that and add to my 1% position in Tricon. Where do you see them in terms of current pricing and future potential? Looking ahead over next 5 years which do you think will be the better position to hold?
Much thanks
Stuart
Q: Dear 5i, Is this starting to get interesting at a P/B of .48 ? If not, at what price would you consider it a BUY ? Do you consider the 9.3% yield safe and if so, on what metrics do you base your reasoning ? Many thanks !
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SmartCentres Real Estate Investment Trust (SRU.UN $26.12)
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Granite Real Estate Investment Trust (GRT.UN $76.20)
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Dream Industrial Real Estate Investment Trust (DIR.UN $12.06)
Q: I am looking at your answer to evaluating investment quality of REITS in which you note three important ratios to consider - Interest coverage ratio (EBITDA/interest of 3X or higher)), debt to equity - below 1.0x) and NOI or net operating income. I see you give EBIT margin and Net Profit margin in your company profiles but I was wondering if it was possible to calculate NOI from these tables. Are there any other important ratios one could use to compare various REITS. Finally, how would you rank the three REITS I have noted here. Thanks.
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American Tower Corporation (REIT) (AMT $186.68)
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Canadian Apartment Properties Real Estate Investment Trust (CAR.UN $39.98)
Q: Hello 5i,
I read a response to a previous question, which suggested investors who own their home already have sufficient allocation to the Real Estate sector. Just want to make sure I understand correctly before eliminating the sector from my watchlist.
Still, if I was to include a couple of REITs, what is your opinion of CAR.UN and AMT?
I read a response to a previous question, which suggested investors who own their home already have sufficient allocation to the Real Estate sector. Just want to make sure I understand correctly before eliminating the sector from my watchlist.
Still, if I was to include a couple of REITs, what is your opinion of CAR.UN and AMT?
Q: Dear 5i,
Is this starting to get interesting at a P/B of .53 ? If not, at what price would you consider it a BUY ? Do you consider the 4% yield safe and if so, on what metrics do you base your reasoning ?
Many thanks !
Is this starting to get interesting at a P/B of .53 ? If not, at what price would you consider it a BUY ? Do you consider the 4% yield safe and if so, on what metrics do you base your reasoning ?
Many thanks !
Q: Hi - I am just trying to better understand apartment REITs in this environment. Such REITs seem to still be in decline even though everyone is talking about how residential rents are firm and/or rising. So are apartment REITs like this one more affected by rising rates and overall mkt sentiment...than the prospect of much higher revenues? Thank you as always!!
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Granite Real Estate Investment Trust (GRT.UN $76.20)
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Dream Industrial Real Estate Investment Trust (DIR.UN $12.06)
Q: I currently own these two REITs and they have, as expected, performed very poorly in 2022 - both down more than 30% YTD. Against the backdrop of continuing rising interest rate would it be advisable to take the losses and exit the REIT sector for now?
At present prime is at 4.7% (and continues to rise, latest rumour is another 0.75% or even 1% increase), while GRT.UN yields 4.2% and DIR.UN yields about 6% these two REITs are hardly enticing investments. What is your advice on this situation? Thanks.
At present prime is at 4.7% (and continues to rise, latest rumour is another 0.75% or even 1% increase), while GRT.UN yields 4.2% and DIR.UN yields about 6% these two REITs are hardly enticing investments. What is your advice on this situation? Thanks.
Q: Is there any news for Ere.un's 4% haircut today. $4.20p/p, so loss some 22%. On a downward trend since $5.06 H in May. Is it time to move on or continue to hold? Txs for u usual great services & advices
Q: DEA seems like a low beta US REIT with a tenant that will never default and a generous dividend - would appreciate your view of the upside and downside here.