Q: Can you please comment on Riocan results and safety of dividend?
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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: Ed Sonenberg Riocan chief who I think I is reasonably straight shooter said the market is discounting retail real estate too much. if this makes sense would Riocan with near 10 % yield make a reasonable buy ?
- RioCan Real Estate Investment Trust (REI.UN)
- SmartCentres Real Estate Investment Trust (SRU.UN)
- First Capital Real Estate Investment Trust (FCR.UN)
Q: I own REI.UN and SRU.UN
Today I noted, from my broker's notes, that although FCR.UN was able to collect 70% of the gross rents for the month of April, REI.Un and SRU.UN collected much less at 54% and 64% respectively.
Is it advisable to sell REI.UN and SRU.UN and buy FCR.UN ? Will this reduce risks related to Covis 19?
Thanks
Today I noted, from my broker's notes, that although FCR.UN was able to collect 70% of the gross rents for the month of April, REI.Un and SRU.UN collected much less at 54% and 64% respectively.
Is it advisable to sell REI.UN and SRU.UN and buy FCR.UN ? Will this reduce risks related to Covis 19?
Thanks
- RioCan Real Estate Investment Trust (REI.UN)
- H&R Real Estate Investment Trust (HR.UN)
- Allied Properties Real Estate Investment Trust (AP.UN)
- Chartwell Retirement Residences (CSH.UN)
- Dream Office Real Estate Investment Trust (D.UN)
- Choice Properties Real Estate Investment Trust (CHP.UN)
Q: To a recent question I asked, 5i responded: "Some REITs, if they distribute a large portion of income as return of capital, can still be attractive outside of registered plans. But this also relates to our preference for growth inside a TFSA (REITs are typically slower growth)." I checked my TFSA portfolio, and some of my REITs' distributions are comprised almost entirely of ROC (Allied [AP.UN], Chartwell [CSH.UN], Dream [D.UN]), whereas others' (Choice [CHP.UN], H&R [HR.UN], Riocan [REI.UN]) are almost all otherwise taxable income. So I gather from your previous answer that the former type of REITs (Allied, Chartwell, Dream) shouldn't, generally speaking, be held within a TFSA, is that your view/advice? Also, more generally, so I better understand this issue-- what is the main business/accounting reason(s) why some companies' distributions are primarily ROC? Generally speaking, is one versus the other type of REIT (with respect to proportion of ROC within the distribution) a "better" investment, all other factors being equal (i.e., is there any general investment "rule" here)?
Ted
Ted
Q: Hi, was thinking of selling one or both of the above and buy XIU for more diversity and long term hold. Would you be ok with this move at this time , and which one would you sell, or sell both?
Thanks
Thanks
Q: Good Evening
NWC
It is my understanding that NWC is providing food like the supermarkets to the public. Therefore, is it a safe bet during this coronavirus environment? Have they ever cut their dividend ? Is their dividend safe?
As well, some analysts saw their acquisition of an airline as negative. What is your opinion?
Is it advisable to average down at this level?
REI.UN
I own both the stock and a couple of their bonds. What is your opinion with respect Rio Can surviving the coronavirus crisis?
Please deduct one credit for each company.
Thanks again for your insight.
NWC
It is my understanding that NWC is providing food like the supermarkets to the public. Therefore, is it a safe bet during this coronavirus environment? Have they ever cut their dividend ? Is their dividend safe?
As well, some analysts saw their acquisition of an airline as negative. What is your opinion?
Is it advisable to average down at this level?
REI.UN
I own both the stock and a couple of their bonds. What is your opinion with respect Rio Can surviving the coronavirus crisis?
Please deduct one credit for each company.
Thanks again for your insight.
- Suncor Energy Inc. (SU)
- RioCan Real Estate Investment Trust (REI.UN)
- Morguard North American Residential Real Estate Investment Trust (MRG.UN)
- Healthcare Realty Trust Incorporated (HR)
Q: These 4 have been beaten badly , way more than the TSX drop. What do you think about their prospects to go bankrupt ? Can you rank them from the lowest to highest risk ?
which ones will have their cash affected more ?
Thanks
which ones will have their cash affected more ?
Thanks
Q: As far as I can tell, neither Riocan nor Enbridge have ever reduced their dividends. At 9.4% and 8.7% yields, respectively, after being down 43% and 28%, respectively, do see any longer term risks (ie: 3 years) in buying both companies at current valuations?
- RioCan Real Estate Investment Trust (REI.UN)
- First Capital Realty Inc. (FCR)
- H&R Real Estate Investment Trust (HR.UN)
- SmartCentres Real Estate Investment Trust (SRU.UN)
- NorthWest Healthcare Properties Real Estate Investment Trust (NWH.UN)
Q: Hi Peter and Staff
If we end up in a longer (say 1-2 year recession) can you provide any comments as to which of the following could suffer most or least from vacancies or unpaid rent based on their tenants ?
FCR.UN, SRU.UN,NWH.UN,HR.UN and REI.UN
I guess I am also asking which one (s) appear to have been beaten up too much in relation to the others and why
Thanks for all you do
Dennis
If we end up in a longer (say 1-2 year recession) can you provide any comments as to which of the following could suffer most or least from vacancies or unpaid rent based on their tenants ?
FCR.UN, SRU.UN,NWH.UN,HR.UN and REI.UN
I guess I am also asking which one (s) appear to have been beaten up too much in relation to the others and why
Thanks for all you do
Dennis
- RioCan Real Estate Investment Trust (REI.UN)
- H&R Real Estate Investment Trust (HR.UN)
- Canadian Apartment Properties Real Estate Investment Trust (CAR.UN)
- Brookfield Property Partners L.P. (BPY)
Q: Gentlemen,
I hold the above four REIT's. I plan to sell REI.UN. With the proceeds and new cash I would like to increase the HR.UN and BPY:US positions and add two additional REIT's. For these I am considering DIR.UN, FCR.UN, IIP.UN. or any of your suggestions. These 5 REIT's would represent 10% of my portfolio.
I appreciate you input.
Thank you,
Werner
I hold the above four REIT's. I plan to sell REI.UN. With the proceeds and new cash I would like to increase the HR.UN and BPY:US positions and add two additional REIT's. For these I am considering DIR.UN, FCR.UN, IIP.UN. or any of your suggestions. These 5 REIT's would represent 10% of my portfolio.
I appreciate you input.
Thank you,
Werner
Q: I own positions in each of these companies and am wondering about the future prospects of each.
Regarding FCR, does the recent activity of a major shareholder (Gazit Globe) selling some of its shares and an intention to sell more, significantly reduce the future price of the shares? Another way of expressing this is the freedom from Gazit allowing the company to improve their prospects?
REI seems to be a company that has stalled over the last few years. I realize they have been suffering from their holdings in shopping centres but have expected a more positive improvement.
Please give me your opinion on the prospects for each over the next 2 years as I am considering selling both positions.
Regarding FCR, does the recent activity of a major shareholder (Gazit Globe) selling some of its shares and an intention to sell more, significantly reduce the future price of the shares? Another way of expressing this is the freedom from Gazit allowing the company to improve their prospects?
REI seems to be a company that has stalled over the last few years. I realize they have been suffering from their holdings in shopping centres but have expected a more positive improvement.
Please give me your opinion on the prospects for each over the next 2 years as I am considering selling both positions.
Q: Would you why REI.UN has lost 4.5% in the last 3 days after attaining a 52 week high on Dec 11. Thanks … Cal
Q: I currently do not have any REITs in my portfolio and was looking to start a position in HR or REI (or other). Can I get your thoughts on these as well as suggestions for other REITs? Thanks.
- RioCan Real Estate Investment Trust (REI.UN)
- H&R Real Estate Investment Trust (HR.UN)
- Boardwalk Real Estate Investment Trust (BEI.UN)
- Granite Real Estate Investment Trust (GRT.UN)
- InterRent Real Estate Investment Trust (IIP.UN)
Q: In the Real Estate Investment Trust sector rank them from best first on down? Interrent, Riocan, Granite, Broadwalk, and H&R Also give some color why they would be better than the others?
- RioCan Real Estate Investment Trust (REI.UN)
- Canadian Apartment Properties Real Estate Investment Trust (CAR.UN)
Q: I am wondering how to evaluate a REIT once it has exhibited a run-up like CAR (and others) have done. The yield has dropped to 2.5% - what will make the distribution grow? Is it only via acquisitions and/or property value increases? As they are largely in the apartment space in rent-controlled Ontario can this be seen as a significant sustainable driver or are their recent foreign acquisitions enough to drive significant growth? Industrial based REITs don't have the same constraints so do they have a "better" long term future or does their susceptibility to market cycles put up a cautionary note? All of this makes me wonder why REI, which is in the midst of a property mix turnover hasn't done better given that it is providing additional value to their portfolio with all of their strategic initiatives of converting retail to mixed-used properties.
Appreciate your insight.
Paul F.
Appreciate your insight.
Paul F.
- Sun Life Financial Inc. (SLF)
- TELUS Corporation (T)
- Inter Pipeline Ltd. (IPL)
- RioCan Real Estate Investment Trust (REI.UN)
- Algonquin Power & Utilities Corp. (AQN)
- Chartwell Retirement Residences (CSH.UN)
Q: Hi, would like to lighten up or sell two of these companies to raise cash. Which of these do you least like? I like dividends and good management ,but not fond of debt, as they always get hit harder in any down turn.
Thanks for your advise
Thanks for your advise
- 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: Riocan was droping fast today, today we knew the anouncements of the elections of new directors. Were these results (one item noted : Paul Godfrey had 24% of the votes withheld) the reason for the drop ?. Volume jumped from 35k to 650k in the last minute of the session (3.59 pm) , are these real transactions ?, done by whom ?
Thanks !!!. take the credits you feel fair.
Thanks !!!. take the credits you feel fair.
Q: I am in my late 70's and need to add to my real estate sector in my TFSA and would appreciate if you would rate these three trusts in regard to quality and safety. Do you have any other trusts you would recommend. I use the dividends in my TFSA as a major source of income.
Rio Can. REI.UN, H&R Trust HR-UN and Brookfield Properties BPY-UN
W
Rio Can. REI.UN, H&R Trust HR-UN and Brookfield Properties BPY-UN
W
- RioCan Real Estate Investment Trust (REI.UN)
- H&R Real Estate Investment Trust (HR.UN)
- Dream Industrial Real Estate Investment Trust (DIR.UN)
Q: The general objective for my portfolio is quality, dividend growth. Thinking about the REIT portion of my portfolio and recognizing that REIT dividends do not present the best growth opportunity, I am reviewing H&R REIT and Riocan REIT, both of which appear to be in repositioning mode. I could just hang in with them. Or I could sell one and buy an industrial REIT. Qs:
- should I hang in on both? (I am in the money on both).
- if I were selling one, which would you sell?
- of the Canadian industrial REITs, is Dream Industrial your favourite?
- would you consider Dream Industrial (or your preferred industrial REIT) of equivalent quality to H&R and Riocan?
- should I hang in on both? (I am in the money on both).
- if I were selling one, which would you sell?
- of the Canadian industrial REITs, is Dream Industrial your favourite?
- would you consider Dream Industrial (or your preferred industrial REIT) of equivalent quality to H&R and Riocan?