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Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: Do you think REIT's should be owned in ones portfolio? Does a 10% weighting seem to much? Also can you rate the following from best to worst as I am looking to get rid of one. GRT, REI and CRT.
Thanks
Read Answer Asked by sean on October 06, 2017
Q: What do you make of the vitriol between activist investors and management of GRT.UN? As a shareholder I have to vote by June 13. I have never before received an email, as I did today, extolling why I should vote in favour of the activists and against management. That said I have enjoyed a fat DIV and a 37% share price increase in the four years since I first bought the stock so you know where my inclination lies!
Read Answer Asked by Kim on June 06, 2017
Q: I would like to use GRT.UN, CM,ENF,PZA,TD,SMU.UN,T,AX,BCE,AND FC in a retirement income portfolios what do you think. Are there any I should not use.

Jim
Read Answer Asked by Jim on May 01, 2017
Q: I would like to reduce the number of REITs in my portfolio but strike a nice balance in industrial, residential, commercial and perhaps care homes. My present holdings include CUF.UN, AP.UN, CAR.UN, GRT.UN, AAR.UN and SRU.UN. Which of these would you eliminate and what might you add?
Read Answer Asked by Lloyd on March 27, 2017
Q: Hi 5I :
if we work under the assumptions that
a) there could be serious volatility in the markets with the new USA president (due to global trade changes or some geopolitical events)
b) we want a decent market down protection (considering gold does not have any yield!)
c) we want some protection against higher interest rates (GRT.Un is the only reit that according to TD analysts will not have an impact in price if rates go up by 1%)(GRT net debt/GAV is 15%/, while 46% is the average for its group)
d) we are happy to get a 5.9% return while we wait for the uncertainties in a) to develop.
e) Granite main tenant (Magna) is solid, cheap and will pay the leasing. (what is the % of Magna in its revenues?)
Should not GRT be in every portfolio ?, how big an issue is its debt in US$ ?.
Thanks !!!
Read Answer Asked by Alejandro (Alex) on January 16, 2017
Q: In the June 22nd answer below you mentioned significant adjustments (to income?) based upon GRT's foreign currency debt. If CDN $ weakens against USD (as is currently the case) would this be positive or negative to income? Thanks.

It is often difficult to compare a single company with an ETF, of course, because of the lack of diversification. GRT is fairly cheap at 11X cash flow, and offers a good yield. It is buying back stock and it raised its distribution in February. Cash flow rose 6.6% in the 1Q and the payout ratio is 67%. The balance sheet is solid.
One issue impacting performance is currency. Almost all of the company's debt is in foreign currencies, so there can be significant adjustments when currencies move dramatically. This does create some uncertainty. The company was also looking at a privatization and decided not to sell; this also disappointed some investors.
We think it would be fine to own. We would also consider Pure AAR.UN and Dream DIR.UN within the industrial space. have a question about 1113
Read Answer Asked by Gary on November 17, 2016
Q: I have not had a 'raise' in a while from RioCan. I have held the stock since 1999. Is it time to part company? It's near an all time high. Can you suggest a REIT which does give good increases every year? A high ROC is nice, but not required.

Paul
Read Answer Asked by PAUL on June 23, 2016
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