Q: Please comment on BTB.un and their recent financials including any going forward comments you may have. Thank you.
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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: On your site it says that BTB's dividend growth is -100%, which I presume means that it has been cancelled. Is this correct? I can find no corroborating information.
Thank-you,
Thank-you,
- Realty Income Corporation (O)
- Verizon Communications Inc. (VZ)
- Royal Bank of Canada (RY)
- Toronto-Dominion Bank (The) (TD)
- Enbridge Inc. (ENB)
- Fortis Inc. (FTS)
- Canadian Utilities Limited Class A Non-Voting Shares (CU)
- NorthWest Healthcare Properties Real Estate Investment Trust (NWH.UN)
- BTB Real Estate Investment Trust (BTB.UN)
- True North Commercial Real Estate Investment Trust (TNT.UN)
- Automotive Properties Real Estate Investment Trust (APR.UN)
- AGNC Investment Corp. (AGNC)
- Horizon Technology Finance Corporation (HRZN)
- TriplePoint Venture Growth BDC Corp. (TPVG)
- Liberty All-Star Equity Fund (USA)
Q: What are your thoughts about this as a US/CDN high yield income portfolio? Any ideas would be appreciated. Please take as many credits as needed.
Q: Hi 5i,
A coupla questions, please deduct accordingly:
1. I've just received the following cautionary analysis regarding DIR.UN, and wonder if you would provide your comments on the points raised. I'm interested in acquiring DIR.UN but am concerned about the stated risks.
Currently, the following risks have been identified for the company (DIR.UN):
Major Risk
• Debt is not well covered by operating cash flow (8.6% operating cash flow to total debt).
Minor Risks
• Dividend is not well covered by earnings (dividend per share is over 12x earnings per share).
• Profit margins are more than 30% lower than last year (63% net profit margin).
• Shareholders have been diluted in the past year (3.1% increase in shares outstanding).
2. Could you also provide your analysis on BTB.UN based on the same criteria as applied to DIR.UN. I owned it years ago and enjoyed the yield, but became convinced it was too risky for my income portfolio. Now, years later, I see that while its unit price hasn't increased much, none of the fears materialized and had I held on it would have supplied decent income during that time. I'm considering re-entering.
Thanks 5i - much appreciated.
Peter
A coupla questions, please deduct accordingly:
1. I've just received the following cautionary analysis regarding DIR.UN, and wonder if you would provide your comments on the points raised. I'm interested in acquiring DIR.UN but am concerned about the stated risks.
Currently, the following risks have been identified for the company (DIR.UN):
Major Risk
• Debt is not well covered by operating cash flow (8.6% operating cash flow to total debt).
Minor Risks
• Dividend is not well covered by earnings (dividend per share is over 12x earnings per share).
• Profit margins are more than 30% lower than last year (63% net profit margin).
• Shareholders have been diluted in the past year (3.1% increase in shares outstanding).
2. Could you also provide your analysis on BTB.UN based on the same criteria as applied to DIR.UN. I owned it years ago and enjoyed the yield, but became convinced it was too risky for my income portfolio. Now, years later, I see that while its unit price hasn't increased much, none of the fears materialized and had I held on it would have supplied decent income during that time. I'm considering re-entering.
Thanks 5i - much appreciated.
Peter
Q: Since TNT.UN 's slice on its dividend and subsequent plunge- how would sot.un and btb.un stand now ? Makes one apprehensive especially the office reits.
Q: Is it time to reduce BTB.UN holdings or should I hang in there for future gains. Why is it not recovering ? Thanks for your counsel.
- BTB Real Estate Investment Trust (BTB.UN)
- Automotive Properties Real Estate Investment Trust (APR.UN)
- Slate Grocery REIT Class U Units (SGR.U)
Q: Are these three companies safe for an income-seeking investor? What are their prospects going forward and are the dividends sustainable? Please rank them. Thanks.
- ONEX Corporation Subordinate Voting Shares (ONEX)
- Dream Office Real Estate Investment Trust (D.UN)
- Enghouse Systems Limited (ENGH)
- Killam Apartment Real Estate Investment Trust (KMP.UN)
- BTB Real Estate Investment Trust (BTB.UN)
- Dream Industrial Real Estate Investment Trust (DIR.UN)
- Lightspeed Commerce Inc. Subordinate Voting Shares (LSPD)
Q: In my TFSA I am looking to move it to a more growth oriented stance. In keeping with this I have added ENGH and LSPD already. In what order would you sell the above (other than LSPD and ENGH)? I could sell off whole positions or just reduce the holdings either is fine. Any reasoning behind the ranking would be useful too.
- First Capital Realty Inc. (FCR)
- Canadian Apartment Properties Real Estate Investment Trust (CAR.UN)
- Artis Real Estate Investment Trust (AX.UN)
- Crombie Real Estate Investment Trust (CRR.UN)
- Granite Real Estate Investment Trust (GRT.UN)
- InterRent Real Estate Investment Trust (IIP.UN)
- NorthWest Healthcare Properties Real Estate Investment Trust (NWH.UN)
- Summit Industrial Income REIT (SMU.UN)
- BTB Real Estate Investment Trust (BTB.UN)
- Altus Group Limited (AIF)
- Dream Industrial Real Estate Investment Trust (DIR.UN)
- Inovalis Real Estate Investment Trust (INO.UN)
- European Residential Real Estate Investment Trust (ERE.UN)
Q: Would appreciate it very much ranking the above based on your expectation of total return over 3 to 5 years period. I wish to consolidate these number into less positions. In particular I am thinking of selling FCR at a loss and perhaps add to GRT.un or one of the others,
Thanks
Thanks
Q: Please rate four REITS above for 5 year hold. #1 best, and reasons for choice. Any you would not recommend. I hold SRU.UN & REI.UN All in TFSA. Use dividend yearly for income.
Thanks..Cec.
Thanks..Cec.
Q: What is your view on BTB.UN.
Should I ride it out or sell/move on? Currently down 37%. 1% of porfolio.
Should I ride it out or sell/move on? Currently down 37%. 1% of porfolio.
- BTB Real Estate Investment Trust (BTB.UN)
- True North Commercial Real Estate Investment Trust (TNT.UN)
Q: Could you comment on TNT.UN and BTB.UN. I understand tnt has federal government contracts ?
- Diversified Royalty Corp. (DIV)
- Bridgemarq Real Estate Services Inc. Restricted Voting Shares (BRE)
- BTB Real Estate Investment Trust (BTB.UN)
- Nexus Industrial REIT (NXR.UN)
Q: Could I please get your in-depth analysis on the above companies? How sustainable would there dividends be during a business downturn in a low rate environment?
- Northview Apartment Real Estate Investment Trust Trust Units (NVU.UN)
- NorthWest Healthcare Properties Real Estate Investment Trust (NWH.UN)
- Summit Industrial Income REIT (SMU.UN)
- BTB Real Estate Investment Trust (BTB.UN)
Q: Hi,
In an otherwise well balanced portfolio, with a slight tilt towards growth I do hold the above REITs for income. As part of a new investing philosophy (to me) I'm aiming to reduce my equity positions from 33 to 23 over this year. Thus, I need to sell one of the above and re-invest the proceeds in the other three. With an eye towards income preservation (ie. sustainability of dividend) and growth, which of the above do I sell?
Cam.
In an otherwise well balanced portfolio, with a slight tilt towards growth I do hold the above REITs for income. As part of a new investing philosophy (to me) I'm aiming to reduce my equity positions from 33 to 23 over this year. Thus, I need to sell one of the above and re-invest the proceeds in the other three. With an eye towards income preservation (ie. sustainability of dividend) and growth, which of the above do I sell?
Cam.
Q: Is the future of this company strong. Dividend seems high. Is is sustainable.?
Q: Could you please give me any insight you have on the recent spike of BTB.UN over the last two months.
Q: Hi Folks,
I'm seeking any insight you might be able to provide me with regarding the probable long term viability of BTB's current dividend. In answer to a prior question, a fellow 5i subscriber submitted, you indicated that you would be more comfortable with BTB's dividend if the payout ratio were to drop below 90%. Do you know if it may have now dropped to or below that level and if so, do you suspect that the very generous 8.37% yield the company pays may be "safe" for the foreseeable future?
Lastly, is this a firm you might consider investing up to 5% of your assets in, if you were 62 years of age and on the cusp of retiring? By the way, I suspect that I will require a sustainable yield of 6%, that will at least keep pace with inflation over the next 5 years, in order to be able to retire before I reach 65.
Thank you!
I'm seeking any insight you might be able to provide me with regarding the probable long term viability of BTB's current dividend. In answer to a prior question, a fellow 5i subscriber submitted, you indicated that you would be more comfortable with BTB's dividend if the payout ratio were to drop below 90%. Do you know if it may have now dropped to or below that level and if so, do you suspect that the very generous 8.37% yield the company pays may be "safe" for the foreseeable future?
Lastly, is this a firm you might consider investing up to 5% of your assets in, if you were 62 years of age and on the cusp of retiring? By the way, I suspect that I will require a sustainable yield of 6%, that will at least keep pace with inflation over the next 5 years, in order to be able to retire before I reach 65.
Thank you!
- RioCan Real Estate Investment Trust (REI.UN)
- Northview Apartment Real Estate Investment Trust Trust Units (NVU.UN)
- BTB Real Estate Investment Trust (BTB.UN)
Q: What would be your top picks of the above reits? Would you switch any of them out for DIR.UN or CAR.UN or DRG.UN?
Q: Your view on earnings.
Tom
Tom
Q: Comments please on recent quarter,,