Investment Q&A

Q: I'd like to put a portfolio of Canadian REITS 12 to 15. Is it possible to run a screen that shows balance sheets and FFO's prior to the Covid19 market meltdown? Tax treatment for REITS are the treated like dividend stocks? Is it better to hold this portfolio in RRIF or a taxable account? Are their any REITS with moat like barriers to entry. Please deducted as many questions as necessary. This can be a private or public question. Also funds not needed anytime before 5 years. Thank you David

Q: I have been beaten up badly with this stock. Assuming I want continued general exposure to the REIT market would you cut ties and move onto something else such as ZRE.TO to reduce some risk but maintain exposure?

Q: Do you think that dividend is safe this one of my core holds

Q: Which 4 of the 6 Reits would you buy at current levels? Please rank your choices.
Thanks

Q: Hello Peter and Staff

TD in their April Research Best Ideas has their calculation of AFFO payout ratio for all REITS........it has an AFFO payout ratio of 111% for DIR.UN......conversely GRT.UN is at 83%.. comments on DIR.UN please

Thanks for all that you do
Dennis

Q: Could you comment on PLZ.un with regards holding mkeup,dividend etc.Seems pretty cheap

Q: After the big downturn, what is your opinion of CRT, based on an April 1 TDwaterhouse REITs report the CRT metrics are not bad. With 77% concentration of Canadian Tire, would you expect Canadian Tire to do really bad ?, and even if CT is somehow down in sales, it still have to pay the rent to CRT, would you buy CRT now , a 40% posicion ?

Q: Could you give me your top 3 REIT choices here and the u.s. going forwards and why.

Thanks for all your support.

Q: Today they dropped their drip and started a shareholder rights plan. Dividend was untouched. I am down on my holding. Since I can not drip this anymore what do you guys see with INO.UN going forward. Do you see a chance of a take over offer?

Q: Long time holder of NVU.UN with almost a double on the share price. Do you think the cash deal still happens?.....and could you make a few suggestions to replace NVU.UN. Distribution on the replacement stock (or REIT) is important but also looking for some longer term price appreciation. Bit of a "crystal ball " question but looking for a place to start doing some research. Thanks Ron

Q: Happy Easter 5i Top Team:
Does SmartCentres have Walmart in their properties? What is your opinion of this equity for a small position in a TFSA? Thanks.
Lorraine

Q: Is HR.UN a reasonable tax loss swap for BPY.UN?
Thanks, Hugh

Q: To a recent question I asked, 5i responded: "Some REITs, if they distribute a large portion of income as return of capital, can still be attractive outside of registered plans. But this also relates to our preference for growth inside a TFSA (REITs are typically slower growth)." I checked my TFSA portfolio, and some of my REITs' distributions are comprised almost entirely of ROC (Allied [AP.UN], Chartwell [CSH.UN], Dream [D.UN]), whereas others' (Choice [CHP.UN], H&R [HR.UN], Riocan [REI.UN]) are almost all otherwise taxable income. So I gather from your previous answer that the former type of REITs (Allied, Chartwell, Dream) shouldn't, generally speaking, be held within a TFSA, is that your view/advice? Also, more generally, so I better understand this issue-- what is the main business/accounting reason(s) why some companies' distributions are primarily ROC? Generally speaking, is one versus the other type of REIT (with respect to proportion of ROC within the distribution) a "better" investment, all other factors being equal (i.e., is there any general investment "rule" here)?
Ted

Q: Hello Peter & Team,

In my weekly digest I caught wind of a comment made when you answered a question re SAP, BYD & FSV. Part of your answer included "FSV may see a slower recovery if the real estate market takes a hit, as is widely expected now."
REAL has recovered nicely during the recent move and I did well with it thanks to your advice prior to the recent Bear. I was considering getting back into the name but the comment above gives me some pause in requiring a position. All things considered, a hit to Real Estate would not be surprising. Would this hurt Real Matters moving forward?

Thanks for all you do

gm

Q: I hold both of these and believe they are in somewhat of the same business, and while both have only recovered to approx 1/2 of their previous highs before the virus problems, GSY has recovered substantially better in the last few days. Is there a problem with HCG or just a lagger at this point???

Many thanks for all your good advise
Ken

Q: Hi, may I please have your opinion for a long term hold. Do you think the dividend is sustainable? I see insider buying. Thank you.

Q: your view on adding at this time to triton capital

Q: Would appreciate your current thoughts on this company. Recently said their dividend is safe. Thanks

Q: which gold stocks you will recommend?
Which is best APARTMENT REIT?
2 QUESTIONS.

Q: I am a Canadian citizen/resident. I use my non-registered investment accounts to hold dividend-paying Canadian companies as well as U.S. companies that pay no/small dividends. I use RSPs for U.S. companies that pay larger dividends. I use TFSAs to hold securities such as Canadian REITs and companies with unusual dividends such as BEP.UN and BIP.UN. My understanding is that BIPC is essentially “equivalent” to BIP.UN, but that BIPC will pay fully eligible dividends for which T5s will be issued (not sure if the BIPC distribution will be paid in CA$ or US$). Here are my questions: (a) given the above considerations, would it make sense for me to sell BIP.UN/BIPC within my TFSA, using the cash to acquire more of Canadian REITS and/or similar types of securities (with unusual dividends), and to reacquire the same value (of BIP.UN/BIPC shares sold) through purchase of shares of BIPC in a non-registered account? And (b) do you know whether it is known yet in which currency the future BIPC distributions will be paid?

Ted