Investment Q&A

Q: As a result of the spin off of the enclosed mall portfolio from HR.UN, I now hold shares of Primaris Real Estate PMZ.UN. The holding is much smaller than I normally hold and I am debating whether to sell it or top it up. A press release from PMZ.UN indicates that the present share price of PMZ.UN, about $13.50, but quite volatile, is significantly less than the net asset value per unit NAVPU of about $22. This implies that the potential for the share value to rise in the short to medium term could be quite high. However, the estimation of NAVPU must be a black art in the present market conditions for enclosed malls. My questions are: (1) How are such NAVPU estimates, which are non GAAP numbers, actually made and how valid are such estimates? (2) How high on the risk scale for REITs is PMZ.UN relative to, for example, REI.UN or SRU.UN ?

Q: What is your viewpoint of this company. Buy sell or hold?

Q: I do not own any REITS but would like to start. Could you give me 2-3 Canadian REIT picks and would you include HR.UN after the big drop yesterday?

Q: Hi Team,
This new REIT spin off from H&R is it worth to start a small position ?
Thanks as always,
Tak

Q: Could you please give your opinion on whether or not the price drop today is justified and why. Many thanks.

Q: What seems to be the cause of many REITS (mostly high flyers for example SMU.UN and DIR.UN) to have such huge pull backs in the last two trading days?

Q: I want to add funds to my real estate holdings, as well as refine it for maximum sector diversification.

My current holdings are DIR.UN, EQIX, DLR, CAR.UN, GRT.UN

On my watchlist for this sector are TCN and CCI

Can I get your opinion on:

1) Are there any redundancies in my current holdings and if so, what could be sold?

2) Could you rank my current holdings for which to add to - first to last?

3) For proper sector diversification, would TCN and/or CCI be good additions? Or is there another real estate name you would suggest?

Thank you as always for your sage advice!

Doris

Q: Which would you select at this time for a TFSA …Tricon or Granite REIT in the real estate area.

Q: Hi Team,

Can you recommend 5 REITS for investing new dollars for 2022?

Q: nav is 11.80 cad $ yet stock is trading at 8.31 cad$ 30% discount to nav? things look pretty good . 60% of assets in sunbelt. please help i think i should be buying

Q: Would this reit be a considered a good defensive play in 2022 against inflation? Approx 50% of their anchor tenants are Drug Stores, Grocery Stores, Dollar stores and Gas stations.

Q: this spin off from realty income has crashed and trades at 6 x ffo. your opinion of this reit please

Q: Hello again and thanks for your insights on AGNC, I think I will set that one aside for now. Searching the Q&A I have assembled this list of 4 companies for diversified exposure to residential and industrial real estate in Canada and the US (a bit of global with Prologis is appealing). In your opinion does this group provide complementary exposure? Can you suggest an addition to this list or is there one that you would remove?

Q: Hi team,

Do you believe Samir Manji's strategy for Artis as a platform company will be rewarding to long term shareholders from here ?

Q: Is TCN or HOM.un a better buy at this time? Which has better growth prospects in the near and medium term? Which has a cheaper valuation and are their valuations reasonable for reits? Are their debt levels reasonable?

Q: Hi There
Artis appears to have announced a generous special dividend (cash and stock) but the market does not seem to care. Any thoughts or is it smoke and mirrors?

Q: These symbols are confusing.
They are both showing as having the same US$ div'd.
Same name and both say :CA on you web site,
They appear to be the same but .U trades in US$ on the TSX.
The .UN one is aa newer list and trades in Cdn $.
Any advantage to one over the other?
Cdn $ one seems to do less volume.
I always get gypped on conversion when I trade US$ in a Canadian $ account. Even the trading fee is in US$.
Would appreciate your expert opinion.

Q: After market close,Bam.a bought Dream Works for new Reit for sale to investors. Please short comment & impact on Bam.a. Txs for u usual great services & views

Q: What are your thoughts on housing (I read that the average price is now $720,000 in Canada. If you could address thoughts on the rental market, reits, and single family dwellings it would be appreciated. Thx

Q: While recognizing these two Reits operate in different asset areas, which one would you consider safest for dividends and which has the greatest path for growth.

Thanks for all you do

David