Investment Q&A

Q: Hi 5i Team,

I am thinking of getting back into INO for the dividend. I have owned it in the past but sold it before the market volatility.

At the current share price it looks attractive but do you think the dividend is reasonably safe? (Recognizing you don’t have a crystal ball)
And do you see a more optimistic future for INO if interest rates decline next year?

If you think there are better REITs with comparable dividends any suggestions would be appreciated.

Thanks for all you do!

Q: It has been a while since any questions on INO.UN. I have held it for a long time, but now am sitting with a 50% loss. I am reluctant to sell at this price and also lose the current high yield. Do you think this company will survive or should it be sold?

Q: Thank you for your recent response. I do own INO.UN and wonder about the safety of the reduced distribution. It gives a hefty current yield based upon the fallen price. In your view is it imprudent to maintain a position in the company? Thank you.

Q: Would you list any reits that have eliminated or substantially reduced their distributions over the past few months. Thank you.

Q: Dear 5i, Is this starting to get interesting at a P/B of .48 ? If not, at what price would you consider it a BUY ? Do you consider the 9.3% yield safe and if so, on what metrics do you base your reasoning ? Many thanks !

Q: Hi Peter & Team:

Your thought on the above REIT if i am going to buy now. From most favourable to least. Secondly your comment on the drop of distribution on INO.UN. Thank you

Q: Hi, I read in the G&M that an analyst said that Inovalis’ AFFO payout ratio projected for 2022 was 170%. If so, does it have enough cash on hand to sustain the distribution? Thanks

Q: I'm a roughly 50/50 income/growth investor with the income being an important part of our retirement income.

Given that REITs are generally high debt equities I'm questioning how they'll fare given the current environment of rising interest rates and and increasing costs. Will they be able to offset those increased costs by raising rents?

I'd first like you to comment on my assumptions as to what is going on. Agree or disagree.

Secondly I'd like you to comment on the specific REITs that I've mentioned. I'm sure they're all different based debt maturities and rental contracts. The average length of their rental contracts may work against them if it's longer while the average maturity of their debt may work for them if it's longer. Cost increases are now.

Q: I would like to get your thoughts on this REIT. Please provide comments on the quality of the company/assets, sustainability of the distribution, and prospects for growth. Do you see this as a decent long term hold for income and some growth?

Q: are any of these something to have as a good investment ?

Q: Good Morning,

Thanks for your excellent service. I owe INO.UN and CHP.UN in REIT. Looking to replace them with 1 Industrial/Commercial/ REIT and 1 residential REIT. Looking for long term growth and not much concerned about Income. Can you recommend 2 REITS in each space with brief comments on the rationale that there long term prospects will be better then the one I am replacing.

Thanks and have a great day

Q: I would appreciate your analysis of the new release regarding their recycling program, and how they would be able to achieve their target capitalization to over 750 million when they continue distributing 50% of gains from selling properties? In your opinion is it buy/hold sell at this time? Thanks

Q: Peter, what are your thoughts on Inovalis reit?? Looking for high yield steady reliable income for senior, Thanks Ken

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

Q: I am looking to "trim the fat" from my TFSA, which currently holds 20 stocks: ATD, BCE, BMO, BNS, CCO, CM, ENB, FFH, PDYPF, INO.UN, LAS, NXE, NWC, NA, NTR, PEY, PZA, MJJ, TRP, WELL. Are there any positions that raise red flags with you? In addition, could you suggest 3 or 4 value picks suitable for a long-term hold (20 years plus)?
Thank you!

Q: Could you please update and expand on your analysis of Sept. 24 on Inovalis. What is the track record of their management team? As you pointed out in your prior analysis this isn't just a period of risk; there is significant opportunity especially at the cost of capital they reported in Q3.
Thanks, Hugh

Q: in light of rei.un decision to cut distribution by 33 percent are there any reits in the same space that might now be considering a cut or are there any reits in general that could cut the distribution? thanks Richard

Q: Do you think Europe now poses too much risk for INO.UN

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: What can be expected in the future. The market killed this trust. The income for the trust must have stayed the same here, for now. So would buying in to cost average be a good idea? what about payout ratio?