Investment Q&A

• Mainstreet Equity Corp. (MEQ $179.93)
  • $179.93 P/E (TTM): 6.01X Cap: $1.67B
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Q: For long term, how would you compare in multi residential sector MEQ to IIP.un that you regularly recommend , for a taxable account ?

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Read Answer Asked by Daniel on May 20, 2020

• Morguard Corporation (MRC $120.50)
  • $120.50 P/E (TTM): 7.37X Cap: $1.28B
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Q: What portion of Revenues are derived from multi residential assets and what are your current feelings on the stock?

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Read Answer Asked by Daniel on May 20, 2020

• Colliers International Group Inc. Subordinate Voting Shares (CIGI $141.09)
  • $141.09 P/E (TTM): 50.72X Cap: $7.21B
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• Real Matters Inc. (REAL $5.84)
  • $5.84 Cap: $433M
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Q: I am surprised that CIGI is still 50% down while REAL, in somewhat similar business, is making new highs. Any explanation why and what is your view of the company. Your insight is appreciated.
Peter

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Read Answer Asked by Peter on May 20, 2020

• Realty Income Corporation (O $63.81)
  • $63.81 P/E (TTM): 54.54X Cap: $59.49B
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• Canadian Apartment Properties Real Estate Investment Trust (CAR.UN $36.51)
  • $36.51 P/E (TTM): 28.75X Cap: $5.65B
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• InterRent Real Estate Investment Trust (IIP.UN $13.18)
  • $13.18 Cap: $1.84B
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• Dream Industrial Real Estate Investment Trust (DIR.UN $13.72)
  • $13.72 P/E (TTM): 37.08X Cap: $3.95B
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• Cencora Inc. (COR $304.00)
  • $304.00 P/E (TTM): 36.49X Cap: $59.13B
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Q: Morning 5i,

Top 2 REIT's you'd chose longterm in CAN and US to invest in the current climate.
Thanks again!!!

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Read Answer Asked by Adam on May 20, 2020

• Tricon Residential Inc. (TCN $15.34)
  • $15.34 P/E (TTM): 28.0X
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Q: Can I get your analysis on q1 results please. Did they beat or meet expectations? They had a write down on a non core business line but we’re there other numbers good?
Is this a buy today?

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Read Answer Asked by Scott on May 19, 2020

• Chartwell Retirement Residences (CSH.UN $21.77)
  • $21.77 P/E (TTM): 108.85X Cap: $6.92B
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• Extendicare Inc. (EXE $30.19)
  • $30.19 P/E (TTM): 27.2X Cap: $2.85B
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• Sienna Senior Living Inc. (SIA $23.49)
  • $23.49 P/E (TTM): 47.94X Cap: $2.49B
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Q: There are apparently class-action suits being launched against Revera and Sienna relating to covid deaths in their homes. Before long this may well involve Extendicare and Chartwell at a guess. How meaningful to a company's future would you expect these suits could be? Are there any legal precedents (re: alleged lack of proper patient/resident care) involving senior homes in Canada? I have held both Chartwell and Sienna for years, and done well with them up until all this. I have reduced both by about half, but do you think it is just better to exit this sector for now?
Thank-you

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Read Answer Asked by grant on May 19, 2020

• Chartwell Retirement Residences (CSH.UN $21.77)
  • $21.77 P/E (TTM): 108.85X Cap: $6.92B
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• Sienna Senior Living Inc. (SIA $23.49)
  • $23.49 P/E (TTM): 47.94X Cap: $2.49B
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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: Hi 5i Team
I hold these 3 REITS and would like to consolidate to one. Which would you advise to hold for long term considering recovery and dividend security?
Thanks

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Read Answer Asked by Gary on May 19, 2020

Q: I have sold my banks and Riets expecting there will be a tsnamia of foreclosures
and bankruptcies in the coming months.I also feel the survivors are learning how
to do business with a lot less bricks and mortar.
What is your opinion ?
Thanks
Peter

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Read Answer Asked by peter on May 16, 2020

• Canadian Apartment Properties Real Estate Investment Trust (CAR.UN $36.51)
  • $36.51 P/E (TTM): 28.75X Cap: $5.65B
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Q: Can you please comment on q1 results just released. Was the quarter strong and how did it due compared to expectation? Thanks

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Read Answer Asked by Scott on May 16, 2020

• CT Real Estate Investment Trust (CRT.UN $17.51)
  • $17.51 P/E (TTM): 50.03X Cap: $4.17B
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Q: Would like to know your thoughts on CanadianTire Real Estate Investment Trust? The dividend is quite interesting long term and there's a good upside ahead if/when the retail environment goes back to normal, Thank you!

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Read Answer Asked by Michael on May 16, 2020

• WPT Industrial Real Estate Investment Trust (WIR.UN $26.81)
  • $26.81 P/E (TTM): 4.06X
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Q: Wondering if you could give me your insights on the latest reporting period for them? Looked OK to me... Thoughts on stock, pay out ratio, dividend security and valuation? Also could you comment on how you see the stock doing in both an extended recovery and relatively quick recovery.
Thanks

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Read Answer Asked by JOSH on May 15, 2020

• Vital Infrastructure Property Trust Tr Unit (NWH.UN)
  • P/E (TTM): 19.55X Cap: $1.41B
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Q: Please comment on the first q results. It is the only REIT I own as I was attracted to its healthcare portfolio across a number of countries . The dividend was not cut which was nice to hear.

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Read Answer Asked by Murray on May 15, 2020

• Dream Office Real Estate Investment Trust (D.UN $16.89)
  • $16.89 Cap: $306M
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Q: Hi 5i,
Could I have your current thoughts on D.UN please?
Thanks
Mike

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Read Answer Asked by mike on May 15, 2020

• Brookfield Property Partners L.P. (BPY.UN $23.29)
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Q: good morning, I am concerned that the move toward working from home and the probability that the trend will continue even after the pandemic crisis is behind us will have a negative impact on bpy given their exposure to the office space market.
Likewise they have significant holdings in shopping malls, and with the increase in online shopping are they likely to suffer a negative double whammy? Your thoughts are appreciated.
George

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Read Answer Asked by george on May 15, 2020

• H&R Real Estate Investment Trust (HR.UN $10.58)
  • $10.58 Cap: $2.93B
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Q: your thoughts on hr.un reit. earnings thanks.

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Read Answer Asked by cliff on May 15, 2020

• RioCan Real Estate Investment Trust (REI.UN $21.34)
  • $21.34 P/E (TTM): 94.01X Cap: $6.26B
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• Artis Real Estate Investment Trust (AX.UN)
  • Cap: $920M
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Q: Artis and RioCan are both trading at about a 50 % discount to their NAV. Both pay a good dividend. Would you invest in either one? Would you favour one over the other? Are their dividends "safe"? AX.UN is down nearly a dollar in the last two days. Is there a reason for that? Thanks for your insight.

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Read Answer Asked by George on May 14, 2020

• Sienna Senior Living Inc. (SIA $23.49)
  • $23.49 P/E (TTM): 47.94X Cap: $2.49B
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Q: What is your interpretation of today's first quarter financials.
What is your view of this business going forward.
thank you

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Read Answer Asked by JACK on May 14, 2020

• Real Matters Inc. (REAL $5.84)
  • $5.84 Cap: $433M
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Q: I believe that REAL is officially considered a technology stock, but would you disagree with this assessment? Based on what they do, doesn't it seem like more of a financial?

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Read Answer Asked by Mike on May 14, 2020

• Cominar Real Estate Investment Trust (CUF.UN $11.74)
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Q: Would you add to an existing position for dividend 5%+ and hope of recovery back to end of 2019 level in the next 2-3 years? Thanks.

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Read Answer Asked by Jean-Bernard on May 14, 2020

• H&R Real Estate Investment Trust (HR.UN $10.58)
  • $10.58 Cap: $2.93B
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Q: Hi I am concerned with my losses in this stock I paid 18.33 a share should I buy more hold or sell and reason for doing so Thank you

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Read Answer Asked by Jo-Anne on May 14, 2020