Investment Q&A

Q: ALB-N,ICLN-N,REMAINING ALL TSE,RCI.B,FCR.UN,TCN,GOOS,NTR,TSU,NVEI
Which stocks need to sell or all of them.

Q: I am considering selling a few stocks to raise cash. MFI, FCR and ADEN (formerly HDI)
are on my list.

Any reason to hold on to any of these?

Q: What are your thoughts on this company? To quote "FCR remains one of a small number of REITs trading at meaningful valuation discounts versus pre-pandemic (P/NAV 74% versus 86%, P/AFFO 16.0x versus 20.0x)" I understand its debt is high but has been reducing it aggressively pre pandemic.
I know you like GRT.UN and CAR.UN, wondering where FCR ranks in relation to these 2.

Q: FCR is a core holding for me and I would like a couple other reit names to go with it please. Yield is not as important as total return and diversification. THANKYOU

Q: Hello!
I am underwater on my First Capital Realty shares (currently yielding 2.62%) and considering replacing them with Choice Properties REIT units (currently yielding 5.43%). Doing so would double my income from this position. My thinking is that CHP's income profile is more stable than FCR's. What are your thoughts on this trade? More importantly, would you make the switch now or wait for the economy to open up more? Once vaccinations are rolled out and the economy more or less returns to normal, does FCR's share price have more upside than CHP's? FCR's share price has rallied more in recent months.
Thank You!

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: Hi, your view please off FCR’s 50% distribution cut? I believe this was unexpected by the market yet FCR was only down marginally on the day, make sense? Would you expect similar action by KMP, CAR, HOM, ERE or CHP and briefly why? Thanks.

Q: HI 5i,
Is FCR.UN (First Capital Common Shares) a buy / hold / sell at todays price?
Is the dividend @ 6.15% covered (looks like 66.5% payout but could be wrong).
Is debt weighting this one down.
Any other risks you might point out would be great.

Q: what do you think of the 3.753% bonds with maturity on 2027/07/12 ? would you have default concerns if the recovery is slower than expected? thanks

Q: Hello 5i Team
I am comparing the retail REITs and the two distinct groupings in the sector:
Group 1 - REITs majority owned by parent operating company and the majority source of the REIT's income. These would be Choice Properties REIT (CHP.UN), Crombie REIT (CRR.UN) and CT REIT (CRT.UN).
Group 2 - REITS with a large diverse portfolio. These would be First Capital REIT (FCR.UN), Riocan REIT (REI.UN) and SmartCentres REIT (SRU.UN).
The questions I have are:
1 - What would be your ranking of the REITs in Group 1 and your ranking of the REITs in Group 2?
2 - Which is the better Group to select from Group 1 or Group 2?
3 - Any other retail oriented REITs I should be looking at?
Thanks

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

Q: Could I get your take on REITs at these levels. I thought they would have held up much better in this current meltdown. Are investors just dumping them because they think tenants are going bankrupt and default on their lease agreements? What is your opinion on FCR.UN? or do you prefer HR.UN? Thanks Ron

Q: Ignoring taxes, cash requirements, and sector allocation, on a straight-up basis, for a minimum of a one year hold, which of these companies would it be prudent to currently sell, buy, or hold? Thank You.

Q: 1. I was considering buying FCR for a nonregistered account as it has a fully eligible dividend, but I see it is imminently converting to a REIT - is there any way of knowing how the distributions will be classified going forward (and therefore the taxation treatment)?
2. What do you recommend as tax efficient real estate holdings for a nonregistered account? Many thanks.

Q: Could you please tell me your best guess on how much FCR shares would be worth when it is converted to a trust. When do you expect this to happen,

Thanks

Q: Which of these stocks do you prefer and why?
Thank you,
Jim

Q: I would like to add a second real estate position for an income portfolio. Currently, I hold CSH.UN which is earmarked to the Health Care sector and BPY.UN, allocated to the real estate sector. Please provide a one or two real estate companies that would compliment/balance with BPY.UN......that will be held for the long term.
......Thanks.....Tom

Q: Is this company a buy at current price as it plans to convert to a REIT this year? Thank you Jack.

Q: Thank you for for answer yesterday about setting up my parent's investments. To summarize, they are very conservative, above 80 years old, and looking for safety and income.

I would now like to ask you about the distribution of the equity component of the investments (composing only 17% of the total, the rest being in bonds, preferred, and GICs). Those below are all in equal weight. What do you thing?

BEP.UN, BCE, BNS, CM, CU, ENB, TRP
XHC for healthcare exposure
IWO for US growth
VGG for US exposure
XEF (in a half position) for international exposure
VEE (in a half position) for emerging market exposure

Could you please suggest some more to round things out? I need another 5 or 6 stocks.


Also, do you have any objection to using ZAG and HYGH as bond substitutes for their conservative portfolio? I am buying individual preferred shares for that component.

Thank you once again,

Fed

Q: Hello Peter and Ryan,
First Capital is a small trust with market cap of 125M (based on WSJ info). Yesterday, it announces 266 M purchase/co-ownership with First Capital Realty.
Jan 9, 2019 Crombie Reit anounced a sale of 104M ish to the group.
Questions:
Is FCD.UN a good investment today for a 10 years horizon?
Do you think that this can be a step to turn First Capital Realty to a REIT? or a planned merger of all First Capital assets into 1?

My annual membership will end soon, a day before my BD so I always remember to give myself a gift of membership in support of the last independent advisor for DYI.