Investment Q&A

• Healthpeak Properties (DOC $18.11)
  • $18.11 Cap: $12.58B
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Q: Good morning:
What do you guys think of this name .
Thank u
Mark

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Read Answer Asked by Mark on June 24, 2020

• Public Storage (PSA $272.33)
  • $272.33 P/E (TTM): 27.96X Cap: $47.22B
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• CubeSmart (CUBE $36.93)
  • $36.93 P/E (TTM): 23.25X Cap: $8.27B
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Q: I would be interested in a REIT or an ETF which deals primarily with storage units and/or warehouses. Is there such a thing? Either in Canada or the US..

Thanks as always. You provide such a valuable service to independent investors like me.

Joanne

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Read Answer Asked by Joanne on June 24, 2020

• Brookfield Property Partners L.P. (BPY.UN $23.29)
  • $23.29 Cap: $21.72B
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Q: What is the current yield on bpy.un as different sites seem to be showing different rates. Have they cut the distribution over the past several months?

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Read Answer Asked by Aleem on June 24, 2020

• Morguard Real Estate Investment Trust (MRT.UN $5.88)
  • $5.88 Cap: $373M
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Q: Could you please provide an update on Morguard REIT. Do you still see it as a high risk investment?

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Read Answer Asked by Lloyd on June 22, 2020

• Nexus Industrial REIT (NXR.UN $7.68)
  • $7.68 Cap: $747M
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Q: What is your analysis on Nexus REIT?

The commercial real estate looks like mainly leased to grocers, dollar stores and banks.

Only concern seems to be their office space which seems to be a small portion.

Also, what % of their real estate is office space?

Book value of yahoo states a value of $2.65. How do they compute this?

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Read Answer Asked by Thomas on June 22, 2020

• Allied Properties Real Estate Investment Trust (AP.UN $13.26)
  • $13.26 Cap: $1.69B
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• Granite Real Estate Investment Trust (GRT.UN $75.92)
  • $75.92 P/E (TTM): 37.49X Cap: $4.59B
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Q: Hi Peter, Ryan, and Team,

I know that you still like AP.UN, but if one feels that there could be better results elsewhere, how would you feel about a switch to GRT.UN? Allied has done well in my wife's TFSA, but I'm a bit uneasy about the office property sector in the short to medium term. Or do you have any other suggestions in the same sector? Thanks in advance for your advice.

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Read Answer Asked by Jerry on June 22, 2020

• Equinix Inc. (EQIX $748.15)
  • $748.15 P/E (TTM): 69.43X Cap: $73.45B
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• Cencora Inc. (COR $374.75)
  • $374.75 P/E (TTM): 37.54X Cap: $72.16B
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Q: Can 5i recommend two quality US based REITs for good income and a bit of growth? Thanks.

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Read Answer Asked by George on June 22, 2020

• RioCan Real Estate Investment Trust (REI.UN $18.90)
  • $18.90 P/E (TTM): 86.14X Cap: $5.57B
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Q: I have held riocan for more than a decade,and am still well ahead. However, I am concerned about the retail industry as well as the big yield, and fear a cut. I don’t need to be in the reit space in my portfolio. Would you recommend a hold ,or a sale and replacement with a decent yielding and relatively safe alternative?
If so, what would be your favourite?
Thanks for the great service.
Philip

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Read Answer Asked by Philip on June 22, 2020

• RioCan Real Estate Investment Trust (REI.UN $18.90)
  • $18.90 P/E (TTM): 86.14X Cap: $5.57B
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• Ravelin Properties REIT (SOT.UN $0.38)
  • $0.38 Cap: $32M
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• True North Commercial (TNTUN)
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Q: As a income investor optimism and skepticism seems to be on the downside for reits-how do you feel on Rei.un,Tnt.un,Sot.un going forward.Feels like some lowering of positions maybe warranted.

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Read Answer Asked by terrance on June 22, 2020

• Genworth MI Canada Inc. (MIC $43.48)
  • $43.48 Cap: $3.75B
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Q: Would like your outlook on MIC and its plans to not change it's underwriting policy.
Thanks
Bob Rose

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Read Answer Asked by Robert on June 22, 2020

• H&R Real Estate Investment Trust (HR.UN $10.37)
  • $10.37 Cap: $2.78B
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Q: Decided to sell HR.UN, would like to hear your recommendation on 1 or 2 replacement(s) for income and a bit of growth in the same sector.

Thanks

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Read Answer Asked by Steve on June 19, 2020

• H&R Real Estate Investment Trust (HR.UN $10.37)
  • $10.37 Cap: $2.78B
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• Dream Industrial Real Estate Investment Trust (DIR.UN $12.31)
  • $12.31 P/E (TTM): 28.63X Cap: $3.59B
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Q: Do you have a preference of HR.UN or DIR.UN? At present the distributions are similar. I am interested in safety of the distribution and some growth. Please elaborate.
Thanks for your service

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Read Answer Asked by Ozzie on June 19, 2020

• Dream Industrial Real Estate Investment Trust (DIR.UN $12.31)
  • $12.31 P/E (TTM): 28.63X Cap: $3.59B
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Q: I was reading an article regarding Dream Industrial, and the author indicated that DIR.UN was a likely take-over/buy-out target for Blackstone (past relationship), also, as they have said that they are "trying to meet a growing demand for e-commerce". Would you consider this a likely/probable outcome?

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Read Answer Asked by JOSH on June 19, 2020

• Canadian Apartment Properties Real Estate Investment Trust (CAR.UN $37.91)
  • $37.91 P/E (TTM): 100.47X Cap: $5.94B
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Q: If you have to choose only ONE, highest conviction Canadian REIT in your forever account (dividend not important, growth and longevity very important) which one would it be. I am thinking of CAR, but I want your opinion before committment.

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Read Answer Asked by Rajendra on June 18, 2020

• Tricon Residential Inc. (TCN $15.34)
  • $15.34 P/E (TTM): 28.0X Cap: $4.50B
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Q: Can you please provide your thoughts long term potential for TCN and comment on current valuation?
Thanks

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Read Answer Asked by Grant on June 16, 2020

• Brookfield Property Partners L.P. (BPY.UN $23.29)
  • $23.29 Cap: $21.72B
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Q: The Dividend is pretty high. Is it safe? Thanks!

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Read Answer Asked by Austin on June 11, 2020

• Granite Real Estate Investment Trust (GRT.UN $75.92)
  • $75.92 P/E (TTM): 37.49X Cap: $4.59B
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• Dream Industrial Real Estate Investment Trust (DIR.UN $12.31)
  • $12.31 P/E (TTM): 28.63X Cap: $3.59B
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Q: Any preference between these two ?

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Read Answer Asked by Albert on June 09, 2020

• H&R Real Estate Investment Trust (HR.UN $10.37)
  • $10.37 Cap: $2.78B
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Q: having extra shares in hr.un reit i see they have a GAP AT $10.30 in your opinion should i expect it to drop this hard ? i realise anything can happen just thinking about cashing a bit and waiting would suck to see it go that far down but eventually should see 15 to 16 in half normal world.

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Read Answer Asked by cliff on June 09, 2020

• Canadian Apartment Properties Real Estate Investment Trust (CAR.UN $37.91)
  • $37.91 P/E (TTM): 100.47X Cap: $5.94B
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• InterRent Real Estate Investment Trust (IIP.UN $13.27)
  • $13.27 Cap: $1.85B
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Q: At today's levels, any preference between IIP and CAR.UN? Thanks.

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Read Answer Asked by Jeff on June 08, 2020

• Allied Properties Real Estate Investment Trust (AP.UN $13.26)
  • $13.26 Cap: $1.69B
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Q: I have held Allied Properties for many years. Since it appears to be invested in office buildings, would it still be worthwhile holding in this present environment or should it be sold and the funds be reinvested elsewhere ? Even at present price I am well rewarded.
Vi

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Read Answer Asked by Violet on June 08, 2020