Investment Q&A

• First Capital Realty Inc. (FCR)
  • P/E (TTM): 15.9X
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Q: what do you think of the 3.753% bonds with maturity on 2027/07/12 ? would you have default concerns if the recovery is slower than expected? thanks

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Read Answer Asked by anthony on July 10, 2020

• Real Matters Inc. (REAL $5.67)
  • $5.67 Cap: $424M
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Q: I see that REAL is reporting at the end of the month. Wondering if you could give me the estimates that are expected? Also, I am curious to hear if you have any thoughts on earnings, (beat or miss) or if you could give your own expectations?
Thanks for everything,
Josh

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Read Answer Asked by JOSH on July 10, 2020

• Redfin Corporation (RDFN)
  • Cap: $1.43B
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Q: Hi 5i team,

What’s your thoughts on RedFin as a current investment for the next 3-5 years? Would you see this company as a disruptor within its space?

Thanks as always,
Jon

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Read Answer Asked by Jonathan on July 08, 2020

• Brookfield Office Properties Inc. Class AAA Preference Shares Series T (BPO.PR.T $21.80)
  • $21.80 Cap: $10.27B
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Q: I hold these preferreds, which yield over 10%. I assume there are credit concerns based on doubts about the viability of companies holding office, commercial and retail properties. Your opinion?

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Read Answer Asked by James on July 08, 2020

• DREAM Unlimited Corp. Class A Subordinate Voting Shares (DRM $18.76)
  • $18.76 Cap: $810M
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Q: Any thoughts on why there is a share consolidation,I know there was some who thought the company was undervalued by the market, now we have the pandemic and I don't think anyone knows the full effect that will have in the market, is there a line of thought this will give a better price over the long haul.
Best Regards,
Tom

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Read Answer Asked by Thomas on July 07, 2020

• Northview Apartment Real Estate Investment Trust Trust Units (NVU.UN $36.23)
  • $36.23 P/E (TTM): 11.76X
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Q: Further to this mornings's questions on Northview Apartment REIT and its new entity - the Northview Canadian High Yield Residential Fund website is now active.
https://www.northviewfund.com/
All the documentation regarding the new entity is available on the website.

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Read Answer Asked by Stephen on July 07, 2020

• Brookfield Property Partners L.P. (BPY.UN $23.29)
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• Dream Industrial Real Estate Investment Trust (DIR.UN $12.58)
  • $12.58 P/E (TTM): 35.27X Cap: $3.78B
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Q: Which would you prefer and why?
Thanks for your service!

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Read Answer Asked by Ozzie on July 07, 2020

• RioCan Real Estate Investment Trust (REI.UN $19.11)
  • $19.11 P/E (TTM): 86.74X Cap: $5.71B
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• Brookfield Property Partners L.P. (BPY.UN $23.29)
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Q: Which distribution is safer: REI.UN or BPY.UN? and by how much, if you can quantify that?

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Read Answer Asked by Ozzie on July 07, 2020

• Northview Apartment Real Estate Investment Trust Trust Units (NVU.UN $36.23)
  • $36.23 P/E (TTM): 11.76X
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Q: Peter; NVU.UN is ,all things being equal, being taken over by Starlight,aka Mr.Drimmer. At the same time there is an IPO backed by Starlight, called the Northview High Yield Residential Fund .class A shares, to yield 10.5%. Which, if qualifies for the dividend tax credit , would be attractive. Have you heard of this IPO and how is it connected to the takeover? Thanks. Rod

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Read Answer Asked by Rodney on July 07, 2020

• RioCan Real Estate Investment Trust (REI.UN $19.11)
  • $19.11 P/E (TTM): 86.74X Cap: $5.71B
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• Brookfield Property Partners L.P. (BPY.UN $23.29)
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Q: I am currently down on REI.UN and am reluctant to let it go. Should I be patient or trade it for BPY.UN. ? Is holding both problematic ? BPY.UN seems like a good deal at these prices.

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Read Answer Asked by John on July 06, 2020

Q: Market is indifferent to their recent investments,the latest being its $1B advance to BPY.un ,owners of office buildings & malls & urban retail properties .Bpu.un & its us subsidairy will repay Bam.a with their shares. Please comment. Is it timely to buy Bam.a Txs for u usual great services & views

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Read Answer Asked by Peter on July 06, 2020

• RioCan Real Estate Investment Trust (REI.UN $19.11)
  • $19.11 P/E (TTM): 86.74X Cap: $5.71B
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• Brookfield Property Partners L.P. (BPY.UN $23.29)
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• Vital Infrastructure Property Trust Tr Unit (NWH.UN)
  • P/E (TTM): 19.55X Cap: $1.41B
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Q: Which do you prefer or would you keep all 3?
Thanks for your service

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Read Answer Asked by Ozzie on July 03, 2020

• Brookfield Property Partners L.P. (BPY.UN $23.29)
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Q: Peter; Having Read today’s bpy.un questions What do you think of a switch from sru.un to bpy.un? Bpy has a $12.00 floor on it but sru is still questionable on a dividend cut . Thanks. Rod

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Read Answer Asked by Rodney on July 03, 2020

• Brookfield Property Partners L.P. (BPY.UN $23.29)
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Q: With BAM.a potentially owning 62% of BPY.un at the end of today's announced transaction, what do you think the possibility is of BAM.a, sometime within the next 5 years, buying out Brookfield Property Partners?

John

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Read Answer Asked by john on July 03, 2020

• Real Matters Inc. (REAL $5.67)
  • $5.67 Cap: $424M
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Q: Hi Team:

I made a 20% profit in the above REAL.ca; it was only a half position
but as it keeps on going up, I was waiting for a pull-back

would you recommend buy (put in another 1/4 position) or hold
or sell and take the profit?
thanks
Michael

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Read Answer Asked by Michael on July 02, 2020

• Morguard North American Residential Real Estate Investment Trust (MRG.UN $16.83)
  • $16.83 Cap: $886M
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Q: What is your opinion of MRG.UN compared to CAR.UN,IIP.UN&KMP.UN,please.
Thanks
Bob Rose

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Read Answer Asked by Robert on July 02, 2020

• Brookfield Property Partners L.P. (BPY.UN $23.29)
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Q: I understand that Brookfield wants to buy shares at a premium (12$/share) I suppose because they think it's undervalued. My guess is one should keep the shares in that context or even buy more at 11,42$.
What do you think?

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Read Answer Asked by Jean on July 02, 2020

• Brookfield Property Partners L.P. (BPY.UN $23.29)
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Q: Would you consider this buy back a good indication the dividend is safer now??

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Read Answer Asked by Bill on July 02, 2020

• WPT Industrial Real Estate Investment Trust (WIR.UN $26.81)
  • $26.81 P/E (TTM): 4.06X
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• Dream Industrial Real Estate Investment Trust (DIR.UN $12.58)
  • $12.58 P/E (TTM): 35.27X Cap: $3.78B
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Q: From reading previous responses, you seem to like both Dream Industrial and WPT Industrial. If you were to buy just one, which would it be and why?

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Read Answer Asked by Kelly on July 02, 2020

• Dream Industrial Real Estate Investment Trust (DIR.UN $12.58)
  • $12.58 P/E (TTM): 35.27X Cap: $3.78B
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Q: I have held this security for it's nice income and long term growth potential. I have lot of room to add, so, in your opinion is it fairly valued at this time?

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Read Answer Asked by Daniel on June 30, 2020