Investment Q&A

Q: Hi 5i Team

I have AX.UN and NWH.UN and want to add a full position of a pure industrial reit. If you had to pick one of DIR.UN, GRT.UN or SMU.UN, which would it be and why? I'm primarily interested in dividends and their safety and growth potential. Alternatively, would you go for a 1/2 position of two?
Thanks
Peter

Q: My wife has the above shares in a RRIF and we have to sell a few shares of one of them to provide enough cash for the monthly payout.
They each have, or have had their benefits but I'd be interested to know which ones I should start with at the present.
I've been inclined to sell losers as opposed to winners in the past and I am wondering whether to ditch ENB which is in the red, but if there were to be turnaround with ENB, the bounce might mean that BCE, which is a slow lumbering beast might be a better choice. Your thoughts?

Q: Good morning and thank you again and again and again for your precious enlighted comments. In the context of the light at the end of the tunnel. I'm currently underweight in Basic materials (own 3 gold miners) Energy (own key and tou) Helathcare (own veev and gud) Real estate (own dir) Where would you add first and would you please add suggestions as to how to complete my weithings.

Thanks as always.

Q: Hi,

1)In the next 2-3 years do you think REITS or utilities will do better (some growth, less volatility)?
2)Can you suggest 2 CDN reits and 2 CDN utilities you feel comfy with>
3) Can you suggest 2 US reits and 2 US utilities you feel comfy with?

Q: CAR.UN seems to be struggling. I hold it in an unregistered account at a loss position. I also hold DIR.UN. Am thinking of selling CAR.UN, waiting 30 days and then re-buying or just adding the sale funds to increase DIR.UN. Don't hold any other REITs in my cash account, but have other REITs in RSP account. I am thinking that CAR.UN will need some time to recover and that it will be very slow over time. Do you agree? Would you wait longer to rebuy?
Question 2 is regarding DOCU. Would you consider it still a buy at current levels for a 5 year + hold.
Thanks for your input.

Q: Hi,

Please rank these REITs for relative distribution safety and eventual share price recovery.

Is there one in particular that you'd get rid of?

Thanks,

Gord

Q: Have owned these two In my TFSA since October 2019. Since COVID they have not recovered to my cost. DIR has almost got back to break even, But IIP is still lagging. I’m thinking that I should keep DIR but possibly sell IIP. What are your thoughts on these two companies and if I did sell one what would you suggest is a good replacement. Does not have to have a dividend. But have been interested in renewable stocks. Any suggestions. I realize there are several questions here and please takeoff however many credits you deem necessary.

John

Q: Thank you to the entire 5I team for your wise advice which helps us make important decisions for our lifelong savings. That said. There are many uncertainties as a second wave of COVID approaches, the American elections which are already problematic, not to mention the results which could be contested and which would plunge the market into great uncertainty. Couple this with the tax season losses and you have a month of October and November that should certainly be very volatile. This leads me to ask a question of market timing, yes I know no one can predict the market but for stocks that have fallen a lot this year like those offered in this question and that I own, is it not timely to sell before sales season and buy them back or other bargains during tax season?

Thank you

Yves

Q: Hi, I have sold CSH and would like to buy some industrial real estate. What do you like better between WIR and DIR and why? Are they similar in price and growth/what are the metrics you would use?

Q: I really liked your answer about 'dead money' to Jason's question about riocan today. I'd like to get your impression of other reits: IIP.UN, BPY.UN, CAR.UN, and DIR.UN. Are they like dead money for a while? Are they good buys considering their book value per share is lower or close to their market value or do you think they can go down further? Are there any in this list that you would not recommend?
thanks!

Q: I bought DIR.un and WIR.un , the industrial REITs based partly on NAV, FFO, and dividend growth and because I had hardly any Canadian investments. However , on the said REITs , perhaps my calculations were incorrect. Both are down significantly notwithstanding that eCommerce has grown rapidly. I also have COR and COLD on close watch. I expected industrial warehouses and logistics to have a reasonably good growth trajectory. Do you think that growth in this type of company will be flat for the next year or two? To what would you attribute the weakness evident in the valuation of these companies that should, one would think, behave very differently from , say apartment REITs? Would you favor COLD or COR over the Canadian-listed ones and if yes, your reasons other those obvious in financial metrics?

Q: I was listening to someone who was saying that industrial is the new retail (because of the supply chain to online sales) and that it makes sense to invest in COLD and PBW (US). What are your thoughts on this thesis, and if you agree, what companies would you recommend? It seems that TFII has benefited from this theme.

Q: Hello Peter,
If you wanted to beef up the income portion of your portfolio and liked the idea of a couple of industrial REITs, in each of the US and Canada, (partly on the assumption of 'fulfillment' in this new world of online ordering), which four would top your list - assuming you're hoping for good and/or growing yields. Thank you!

Q: What are your picks for an industrial reit in canada and also USA?

Q: Which would you prefer and why?
Thanks for your service!

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?

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?

Q: Do you have a preference of HR.UN or DIR.UN? At present the distributions are similar. I am interested in safety of the distribution and some growth. Please elaborate.
Thanks for your service

Q: I was reading an article regarding Dream Industrial, and the author indicated that DIR.UN was a likely take-over/buy-out target for Blackstone (past relationship), also, as they have said that they are "trying to meet a growing demand for e-commerce". Would you consider this a likely/probable outcome?

Q: Any preference between these two ?