Investment Q&A

• CI Global REIT Private Pool (CGRE $20.90)
  • $20.90 P/E (TTM): 33.41X Cap: $39M
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Q: Hi Peter
I am looking for an income oriented US/Global REIT ETF. Could you comment if CGRE is a good long term holding in this space? If there is a better ETF, please do suggest

Thanks

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Read Answer Asked by Greyhair on March 23, 2021

• First Capital Realty Inc. (FCR)
  • P/E (TTM): 15.9X
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• Canadian Apartment Properties Real Estate Investment Trust (CAR.UN $37.71)
  • $37.71 P/E (TTM): 98.34X Cap: $5.94B
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• Artis Real Estate Investment Trust (AX.UN $7.98)
  • $7.98 Cap: $833M
  • View AX.UN Profile
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• Crombie Real Estate Investment Trust (CRR.UN $15.56)
  • $15.56 Cap: $2.89B
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• Granite Real Estate Investment Trust (GRT.UN $81.64)
  • $81.64 P/E (TTM): 39.17X Cap: $4.94B
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• InterRent Real Estate Investment Trust (IIP.UN $13.21)
  • $13.21 Cap: $1.84B
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• Northwest Healthcare Properties Real Estate Investment Trust (NWH.UN $5.12)
  • $5.12 Cap: $1.27B
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• Summit Industrial Income REIT (SMU.UN $23.48)
  • $23.48 P/E (TTM): 0.6X Cap: $4.46B
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• BTB Real Estate Investment Trust (BTB.UN $4.05)
  • $4.05 P/E (TTM): 9.83X Cap: $357M
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• Altus Group Limited (AIF $55.28)
  • $55.28 P/E (TTM): 6.44X Cap: $2.38B
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• Dream Industrial Real Estate Investment Trust (DIR.UN $12.63)
  • $12.63 P/E (TTM): 29.23X Cap: $3.70B
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• Inovalis Real Estate Investment Trust (INO.UN $0.88)
  • $0.88 Cap: $29M
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• European Residential Real Estate Investment Trust (ERE.UN $1.13)
  • $1.13 Cap: $265M
  • View ERE.UN Profile
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Q: Would appreciate it very much ranking the above based on your expectation of total return over 3 to 5 years period. I wish to consolidate these number into less positions. In particular I am thinking of selling FCR at a loss and perhaps add to GRT.un or one of the others,

Thanks

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Read Answer Asked by Saad on March 23, 2021

• RioCan Real Estate Investment Trust (REI.UN $18.64)
  • $18.64 P/E (TTM): 83.77X Cap: $5.49B
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• SmartCentres Real Estate Investment Trust (SRU.UN $25.71)
  • $25.71 P/E (TTM): 18.19X Cap: $4.58B
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• Choice Properties Real Estate Investment Trust (CHP.UN $14.87)
  • $14.87 Cap: $10.76B
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Q: Hi,
How would you rank these reits in regards to revenue, distribution security and growth.
Thank you
Ed

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Read Answer Asked by Edward on March 22, 2021

• Canadian Apartment Properties Real Estate Investment Trust (CAR.UN $37.71)
  • $37.71 P/E (TTM): 98.34X Cap: $5.94B
  • View CAR.UN Profile
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• Cominar Real Estate Investment Trust (CUF.UN $11.74)
  • $11.74 Cap: $2.67B
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• Dream Industrial Real Estate Investment Trust (DIR.UN $12.63)
  • $12.63 P/E (TTM): 29.23X Cap: $3.70B
  • View DIR.UN Profile
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Q: Hi 5i Team, Could we please get your opinion on Cominar current situation/valuation + future perspectives in an eventual post-covid era compares to other REITs ? Thank you,

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Read Answer Asked by Luc on March 20, 2021

• Orchid Island Capital Inc. (ORC $7.38)
  • $7.38 P/E (TTM): 15.8X Cap: $1.08B
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Q: Is Orchid Island Capital’s growth expectation sufficient to make this firm an interesting dividend source? Your suggestion of quality Canadian REIT alternatives would be very welcome, as well. Thanks!

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Read Answer Asked by David on March 19, 2021

• Killam Apartment Real Estate Investment Trust (KMP.UN $16.57)
  • $16.57 P/E (TTM): 4.35X Cap: $2.06B
  • View KMP.UN Profile
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Q: What do you think of kmp.un.ca for safety and growth ?

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Read Answer Asked by philip on March 19, 2021

• Park Hotels & Resorts Inc. (PK $10.84)
  • $10.84 Cap: $2.16B
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Q: Hi gang, just came across park hotel and resort. How would you rate this company? Has it cut did at Covid19? Is div safe? Are they making any money? Looking for4-5 years in rrsp. Thanks
Alnoor.

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Read Answer Asked by Alnoor on March 18, 2021

• DRI Healthcare Trust (DHT.UN $16.43)
  • $16.43 Cap: $906M
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Q: Good morning,

Just wondering if DHT.UN will be paying a dividend and if so have they indicated how much?

Thanks

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Read Answer Asked by Jimmy on March 17, 2021

• Lennar Corporation Class A (LEN $108.33)
  • $108.33 P/E (TTM): 11.12X Cap: $27.62B
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Q: Hi 5i,
What is your opinion regarding Lennar's earnings released today (meet/beat?) and what can be expected going forward?
Would you continue to hold/add at current prices? Why /Why not?
Finally, calling for prediction, at what price do you think this stock would be considered fully valued?
Thx
Jim

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Read Answer Asked by jim on March 17, 2021

• BSR Real Estate Investment Trust Trust Units (HOM.U $12.25)
  • $12.25 Cap: $480M
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Q: Can you comment on recent qtr results for BSR reit please? I have been adding to this one for US apartment sunbelt exposure. What do you think of it? I also own Killam and Cap apartment reits for Canadian exposure. Do you like the sector? Thanks

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Read Answer Asked by Scott on March 15, 2021

• Century Communities Inc. (CCS $61.19)
  • $61.19 P/E (TTM): 8.98X Cap: $1.85B
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Q: What is your opinion on this company?

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Read Answer Asked by Anne on March 15, 2021

• American Hotel Income Properties REIT LP (HOT.UN $0.39)
  • $0.39 Cap: $28M
  • View HOT.UN Profile
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Q: I would appreciate your comments on:
1) the latest quarterly results.
2) overall prognosis for this specific company
3) whether you agree with their supposition that the hotel industry will have a recovery surge from pent-up demand probably beginning this summer (in the USA, at least).

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Read Answer Asked by Paul on March 13, 2021

• WPT Industrial Real Estate Investment Trust (WIR.U $21.77)
  • $21.77 P/E (TTM): 4.06X Cap: $1.83B
  • View WIR.U Profile
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Q: Hi, your thoughts on their earnings please. They looked decent to me but the stock is selling off? Thanks.

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Read Answer Asked by Gary on March 12, 2021

• Brookfield Property Partners L.P. (BPY.UN $23.29)
  • $23.29 Cap: $21.72B
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Q: Greetings:
On Feb 23, you said wait a while longer to sell. I have all the time and patience to wait, however, I don't want to wait until I am forced to accept $16.50. Advice now?
Thanks as always,
BEN.

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Read Answer Asked by BEN on March 12, 2021

• Chartwell Retirement Residences (CSH.UN $20.55)
  • $20.55 P/E (TTM): 91.0X Cap: $6.24B
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• Extendicare Inc. (EXE $22.35)
  • $22.35 P/E (TTM): 20.57X Cap: $1.87B
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• Sienna Senior Living Inc. (SIA $21.09)
  • $21.09 P/E (TTM): 45.24X Cap: $1.98B
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Q: Hello 5i, I am looking at the senior care companies and would appreciate your opinion as to senior care investments as these companies have had a rough ride but with the vaccine coming out I think these companies may have a sunnier future for growth and income. Your thoughts would be appreciated also could you list these 3 companies in order from best first. Thanks

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Read Answer Asked by Michael on March 11, 2021

• WPT Industrial Real Estate Investment Trust (WIR.U $21.77)
  • $21.77 P/E (TTM): 4.06X Cap: $1.83B
  • View WIR.U Profile
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Q: Hello. WPT seems to be languishing and has done so for some time. Is this worth holding for some better days?

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Read Answer Asked by Margot on March 11, 2021

• Artis Real Estate Investment Trust (AX.UN $7.98)
  • $7.98 Cap: $833M
  • View AX.UN Profile
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Q: Could you comment on the announcement today from Artis. Why move to a publicly tradable private equity? Who benefits from this? Presumably it would still be on the TSX? I also wonder why they would sell off what seems to be the best portion of their portfolio? I hold a small position in Artis, but with significant capital gains (which I prefer not to realize right now). What is your view of Artis going forward - hold or sell?
Thank-you

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Read Answer Asked by grant on March 11, 2021

• DRI Healthcare Trust (DHT.UN $16.43)
  • $16.43 Cap: $906M
  • View DHT.UN Profile
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Q: With the caveat there is not an abundance of info to go on, what do you think of dht.un? Scotia has a price target of $19US, which seems a little overexuberant for a major broker to place on a reit.

Thanks, as always.

John

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Read Answer Asked by john on March 10, 2021

• Middlefield REIT INDEXPLUS ETF (IDR)
  • P/E (TTM): 12.2X Cap: $127M
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Q: I am a long-term investor. I am looking for 5i's favourite REIT etfs (cost/liquidity, etc.). Please provide one or two GROWTH REITS (lower monthly yield) and one or two HIGH-INCOME REITS (highest monthly yield with growth as a secondary focus). This would be for both a non-registered account and a TFSA in $CAD currency (replication is fine). US/CAN or Global REITS. Whatever the preference.

Please also comment on IDR.TO (Middlefield Indexplus Reit), and whether this fits in some manner to the above categories.

Much appreciated!

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Read Answer Asked by Stefano on March 10, 2021

• SmartCentres Real Estate Investment Trust (SRU.UN $25.71)
  • $25.71 P/E (TTM): 18.19X Cap: $4.58B
  • View SRU.UN Profile
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Q: Hi, I'm looking at reits and wonder what your comments would be on SRU. They look to be in an interesting niche that might do well as the world gets back to normal.
Appreciate your thoughts,
Perry

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Read Answer Asked by Perry on March 10, 2021