Investment Q&A

Q: Given REI.UN drop in share price this year, do you anticipate an increase in dividend yield in the near future? Do you suggest long term hold or sell for another REIT?

Q: I have not seen any time-lines related to the proposed minority take-out "proposal". Do you think that it would be possible to complete the transaction in 2021 or will it likely slide into 2022. Thanks

Q: WPT (WIR.UN.WIR.U) is a Canadian Cie having its business in the USA, but in this case it is mentionned :
« Distributions paid by the REIT to a Canadian unitholder that are made out of the REIT's "current or accumulated earnings and profits" (as determined for U.S. federal income tax purposes) generally will be subject to U.S. withholding tax at a rate of 15% (generally reduced to 0% for RRSPs). »
1) Does it mean that there is no Canadian tax credit on dividends, but only a foreign tax credit for this stock for the US 15% tax?
2) The US withholding tax is taken monthly in my non registered account, it is indeed around 15% of the dividend (5% per year div.). What about the capital distribution: is it paid on top of the 5% dividend, as a deposit in my account or within the REIT itself?
3) Is it worthen to keep this(excellent?) stock in a non registered account?
4) If it were in a RRSP, should it be in the US account (OTC) to avoid US Tax, or it may be kept in the Canadian account and shall not be taxed ?
5) Is there any advantage for WIR.UN vs WIR.U? Thanks a lot

Q: I hold a position in FCR.UN. that was part of a real estate trio in an income portfolio. The other  "partners" are TCN and BPY.UN which was recently sold for tax harvesting purposes.
The question now is should I sell FCR.UN which is just slightly in a loss position?
If the suggestion is to be patient and hold, what other one should I purchase as part of a real estate trio, aka to replace BPY.UN?........Thanks.......Tom

Q: Hi, could you please rank these REITs first in terms of safety of distribution and secondly in terms of potential growth. Thanks.

KWH, ERE, HOM, CHP, DIR, NWH, CRT

Q: What do you think of nhw.un
thanks Phil

Q: Hi, your view please off FCR’s 50% distribution cut? I believe this was unexpected by the market yet FCR was only down marginally on the day, make sense? Would you expect similar action by KMP, CAR, HOM, ERE or CHP and briefly why? Thanks.

Q: With the lockdowns looks like more bad news for reits. At this point would you continue to hold them or sell? I have Riocan and HR and am down about 30%. Are either worth holding on to?

Q: what is your opinion about slate reit? Please comment on the safety of the dividend, the POR and potential growth

Q: 5i Team,
I currently have a 30% loss on in a non registered account. Is a hold or sell for tax loss at this time.


Regards,
Mike

Q: What do you think the chances are of an improved offer from here for BPY. I’m considering selling my position for a small loss and buying BBU. I do realize they they are different types of business. Thanks

Q: Greetings - doing some research on this one and wanted to get your opinion on a fast growing real estate firm. I know it involves some level of MLM for paying its realtors which always gives me pause on an investment. Your thoughts on this one?

Q: COLD is included in “RBC's Top 30 Global Ideas- Q1 2021” ( released 4 Jan 2021). I compared COLD to COR and COR struck me as a better investment. RBC rates COLD Outperform and COR as sector perform. I read through the usual blurbs and recent year financials as well as generally available projections. CFRA rates both as Hold (neutral). I looked through Thomson Reuters and I think COLD has higher ratings in general (I am not sure as it is difficult to tell when the TR reports on each were actually updated).

It is unlikely RBC Capital would have picked COLD as a global best idea without studying COLD’s peers. I conclude therefore that I must be missing something. Which one of the two do YOU see as the better investment? (Important : If neither, please give names of OTHER US Industrial REITs that you prefer OVER the above-noted COLD and COR).

Q: I had bought BPY for a number of reasons including the eventual return of mall traffic, the fact that it had room to run to get near to its pre-covid price, the dividend and then of course, having Brookfield management behind it. The closest replications I can find are Simon Property Group and SRU in the U.S. and Canada respectively. Can you speak about their payout ratio and management quality, and especially their main risks in the medium term. Thank-you.

Q: I have a very small position (<1%) with Artis REIT. It has grown smaller as most of my other holdings have increased in value. While I'm down 20% off my purchase price, it's redeeming itself with a nice dividend. But at this point I feel like I should either buy more to bring it up to closer to 2%, or dump it and find something with more growth potential (not necessarily a REIT).
Any advice? Eliminate it or add to it?

Q: Hi 5i
Could I have your thoughts on COR please ?
Also, do you have a view as to when interest rates would rise enough to impact REITs generally ?

Thanks
Mike

Q: According to SA the BAM buyout does not extend to the Canadian issue above. Assuming this is true, do you think the US side buyout changes the risk of a dividend cut, the risk of which is being floated in many quarters? Thanks.

Q: May I have your current views on WPT please. It seems to be languishing when I would though business would be improving.. Do you know when it next reports? Cheers

Q: Looking for your thoughts on a Canadian Industrial Reit. As an income seeker, yield is important but looking for some distribution growth as well.
How would you rank the above? And are there any others I have missed that you might prefer?
Thanks for your great content
Chuck

Q: I am fairly new to DIY investing and 5i. Have really appreciated the knowledge I am accumulating from your subscription. I am overweight in financials and would like to reduce. Currently own MKP (7%) and AI (2%). Could you give me your thoughts on these companies and rank them in order of “dividend safety/growth”? Thank you.