Q: Hi - I am just trying to better understand apartment REITs in this environment. Such REITs seem to still be in decline even though everyone is talking about how residential rents are firm and/or rising. So are apartment REITs like this one more affected by rising rates and overall mkt sentiment...than the prospect of much higher revenues? Thank you as always!!
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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.
- Prologis Inc. (PLD)
- Public Storage (PSA)
- Canadian Apartment Properties Real Estate Investment Trust (CAR.UN)
- Granite Real Estate Investment Trust (GRT.UN)
- InterRent Real Estate Investment Trust (IIP.UN)
- NorthWest Healthcare Properties Real Estate Investment Trust (NWH.UN)
- Dream Industrial Real Estate Investment Trust (DIR.UN)
- Innovative Industrial Properties Inc. (IIPR)
- Gladstone Land Corporation (LAND)
Q: I have never owned a REIT but started looking at a couple. In doing so I realized that I really don’t know what to evaluate in a REIT (beyond type of asset - land, commercial, residential, specialty) and things I normally see as red flags may not be here. Can you tell me a few of the most important fundamentals to look at when comparing REITS (negatives to watch out for specifically, and positive indicators). For example my initial concerns were steady increases on common shares outstanding (seems acceptable and typical of all REITS) and what debt levels are acceptable. If you could tag your favourite REITS today I would appreciate. I have only looked at LAND and IIPR so far.
- Canadian Apartment Properties Real Estate Investment Trust (CAR.UN)
- Canadian Natural Resources Limited (CNQ)
Q: Can I get the fundamentals of CNQ,IIP.UN,CAR.UN
Can I also get your insights of all 3 companies and recommendations.
thank you
Can I also get your insights of all 3 companies and recommendations.
thank you
- Canadian Apartment Properties Real Estate Investment Trust (CAR.UN)
- Boardwalk Real Estate Investment Trust (BEI.UN)
- InterRent Real Estate Investment Trust (IIP.UN)
Q: What did you think of recent quarterly results?
Can you compare this stock on a valuation front with what ever metric you think is best for reits to Car and iip?
I have a decent sized position and thinking about adding more on the alberta re-rate /energy strength / cheap relative valuation / no rent control thesis.
Thanks
Can you compare this stock on a valuation front with what ever metric you think is best for reits to Car and iip?
I have a decent sized position and thinking about adding more on the alberta re-rate /energy strength / cheap relative valuation / no rent control thesis.
Thanks
Q: Can I please have your 3-4 top picks in the REIT space. US exposure would be great.
Thanks!
Thanks!
- Xylem Inc. New (XYL)
- Suncor Energy Inc. (SU)
- Canadian Natural Resources Limited (CNQ)
- Fortis Inc. (FTS)
- Brookfield Renewable Partners L.P. (BEP.UN)
- WSP Global Inc. (WSP)
- Algonquin Power & Utilities Corp. (AQN)
- Canadian Apartment Properties Real Estate Investment Trust (CAR.UN)
- TFI International Inc. (TFII)
- Tricon Residential Inc. (TCN)
- Granite Real Estate Investment Trust (GRT.UN)
- Trane Technologies plc (TT)
Q: Good afternoon,
I'd like to add a position (or 2) in each of the following sectors: REIT (TCN or GRT.UN or CAR.UN or a better idea), energy (CNQ or SU or a better idea) and industrial (already own WSP, TFII, XYL, TT and could add to one of these or consider a better idea). I could also use a utility suggestion (either add to FTS or AQN or add BEP.UN). And, I'm always looking for an opportunity to add BAM.A to my portfolio. In what order would you add or take new positions given the current environment being favourable to a given sector and/or a good entry point for a particular stock.
Your service is always greatly appreciated, thank you,
Lisa
I'd like to add a position (or 2) in each of the following sectors: REIT (TCN or GRT.UN or CAR.UN or a better idea), energy (CNQ or SU or a better idea) and industrial (already own WSP, TFII, XYL, TT and could add to one of these or consider a better idea). I could also use a utility suggestion (either add to FTS or AQN or add BEP.UN). And, I'm always looking for an opportunity to add BAM.A to my portfolio. In what order would you add or take new positions given the current environment being favourable to a given sector and/or a good entry point for a particular stock.
Your service is always greatly appreciated, thank you,
Lisa
- Canadian Apartment Properties Real Estate Investment Trust (CAR.UN)
- Granite Real Estate Investment Trust (GRT.UN)
- InterRent Real Estate Investment Trust (IIP.UN)
- NorthWest Healthcare Properties Real Estate Investment Trust (NWH.UN)
- Dream Industrial Real Estate Investment Trust (DIR.UN)
Q: Hi, for higher income and safety of distribution could you please list 4 or 5 attractive REITS. Growth is not a concern, just income and relative security. Thanks.
- Canadian Apartment Properties Real Estate Investment Trust (CAR.UN)
- SmartCentres Real Estate Investment Trust (SRU.UN)
- CT Real Estate Investment Trust (CRT.UN)
- Choice Properties Real Estate Investment Trust (CHP.UN)
Q: For income and some safety, do you see anything not to like about these four REITs?
Thanks as always.
Thanks as always.
- Canadian Apartment Properties Real Estate Investment Trust (CAR.UN)
- InterRent Real Estate Investment Trust (IIP.UN)
- Dream Industrial Real Estate Investment Trust (DIR.UN)
- Medical Properties Trust Inc. (MPW)
Q: I am wondering about the relative safety of these Reits if interest rates runs really high. I was reading an article in Barron's which claimed a high number of Reits went bankrupt in the 70's and 80's, but went on to say it wouldn't happen today even in the same case scenario, but it did not say why. Wondering what you think of that statement, and if you could answer "why it wouldn't happen now". Do you think these Reits are safe to add to as they go down, and would their dividends be safe if interest rates ran hot for a couple of years? Thanks.
- Canadian Apartment Properties Real Estate Investment Trust (CAR.UN)
- Granite Real Estate Investment Trust (GRT.UN)
- InterRent Real Estate Investment Trust (IIP.UN)
- NorthWest Healthcare Properties Real Estate Investment Trust (NWH.UN)
- Dream Industrial Real Estate Investment Trust (DIR.UN)
Q: Hi,
What 5 or 6 uncorrelated Canadian companies & REITS would you pick for a "HIGH YIELD" portfolio for SAFE INCOME?
Thanks
What 5 or 6 uncorrelated Canadian companies & REITS would you pick for a "HIGH YIELD" portfolio for SAFE INCOME?
Thanks
- Canadian Apartment Properties Real Estate Investment Trust (CAR.UN)
- Tricon Residential Inc. (TCN)
- Dream Industrial Real Estate Investment Trust (DIR.UN)
Q: Hi There,
I have a fairly large position in CAR.UN and I'm thinking of selling half and buying either DIR.UN or TCN.
Of the two noted, would you have a preference of one over the other?
Thank You
I have a fairly large position in CAR.UN and I'm thinking of selling half and buying either DIR.UN or TCN.
Of the two noted, would you have a preference of one over the other?
Thank You
- Canadian Apartment Properties Real Estate Investment Trust (CAR.UN)
- Granite Real Estate Investment Trust (GRT.UN)
- Summit Industrial Income REIT (SMU.UN)
- Dream Industrial Real Estate Investment Trust (DIR.UN)
Q: I am thinking of harvesting a tax loss in CAR.UN. Had bought this to protect against, or just dampen, the abrasive effect of inflation. I do not need a loss for tax year 2022 so it would be for use in some future year. I could use the proceeds to buy a different REIT , as a possible (probable?) protection against inflation.
1- Am I correct about REITs being a probable protection against inflation?
2- Although interest rates will be higher going forward, I assume inflation also dampens effect of debt. Is this in fact true?
3-Would you suggest an industrial REIT over a residential? Please suggest names you favor. I like ones that are inter-listed as I have only US$. ( TCN, Granite GRP in the US and others). But ones listed in Canada only are also just fine.
1- Am I correct about REITs being a probable protection against inflation?
2- Although interest rates will be higher going forward, I assume inflation also dampens effect of debt. Is this in fact true?
3-Would you suggest an industrial REIT over a residential? Please suggest names you favor. I like ones that are inter-listed as I have only US$. ( TCN, Granite GRP in the US and others). But ones listed in Canada only are also just fine.
- Canadian Apartment Properties Real Estate Investment Trust (CAR.UN)
- Tricon Residential Inc. (TCN)
- Killam Apartment Real Estate Investment Trust (KMP.UN)
Q: Federal Liberals are reviewing tax treatment of residential REITS claiming "(REITs) are increasingly trying to amass large portfolios of Canadian rental housing, putting upward pressure on rents,” the announcement states, “We will put in place policies to curb excessive profits in this area"
Clearly such a restriction would not be good for REITs but as TCN is the only name I own in this space could I expect it to not be impacted?
Clearly such a restriction would not be good for REITs but as TCN is the only name I own in this space could I expect it to not be impacted?
- Canadian Apartment Properties Real Estate Investment Trust (CAR.UN)
- Tricon Residential Inc. (TCN)
- BSR Real Estate Investment Trust (HOM.UN)
Q: Other than higher interest rates, is there a reason the US housing REITS have been so weak of late? Does the same reason apply to CAR.UN which have been down.
- Merck & Company Inc. (MRK)
- Visa Inc. (V)
- Verizon Communications Inc. (VZ)
- Royal Bank of Canada (RY)
- BCE Inc. (BCE)
- Enbridge Inc. (ENB)
- Canadian Natural Resources Limited (CNQ)
- Loblaw Companies Limited (L)
- Sun Life Financial Inc. (SLF)
- Constellation Software Inc. (CSU)
- Brookfield Renewable Partners L.P. (BEP.UN)
- WSP Global Inc. (WSP)
- Algonquin Power & Utilities Corp. (AQN)
- Canadian Apartment Properties Real Estate Investment Trust (CAR.UN)
- Whitecap Resources Inc. (WCP)
- Magna International Inc. (MG)
- Exchange Income Corporation (EIF)
- Nutrien Ltd. (NTR)
Q: Regarding the list above, could you rank them from best to worst, in terms of fundamentals and the ability to survive economic downturns.
Deduct as many credits as you wish. Many thanks for you assistance.
John
Deduct as many credits as you wish. Many thanks for you assistance.
John
Q: Good Day: Any reason CAR.UN seems to be dropping like a stone. I know the whole market is correcting, just wondering if something else is affecting CAR.UN... any reason to worry?
- Canadian Apartment Properties Real Estate Investment Trust (CAR.UN)
- True North Commercial Real Estate Investment Trust (TNT.UN)
- Dream Industrial Real Estate Investment Trust (DIR.UN)
Q: True North REIT is paying 8.41% as of today. Is this dividend sustainable and is the share price solid?
Please recommend two other REITs with a relatively generous but safe dividend for steady income? Thanks.
Please recommend two other REITs with a relatively generous but safe dividend for steady income? Thanks.
- Canadian Apartment Properties Real Estate Investment Trust (CAR.UN)
- Teck Resources Limited Class B Subordinate Voting Shares (TECK.B)
- Lundin Mining Corporation (LUN)
- Tricon Residential Inc. (TCN)
- Agnico Eagle Mines Limited (AEM)
- Dream Industrial Real Estate Investment Trust (DIR.UN)
- Nutrien Ltd. (NTR)
Q: I am looking to increase my allocation to the Materials and Real Estate sectors. My current exposure is only through various index ETFs. Can you provide 3 companies for each sector that trade on the TSX to have a balanced exposure?
- Canadian Apartment Properties Real Estate Investment Trust (CAR.UN)
- Minto Apartment Real Estate Investment Trust (MI.UN)
Q: Would you please do a comparison of these two stocks in regard to stability, growth, dividend and valuation. I currently own both but am wondering about the merits of liquidating MI and putting the proceeds into CAR?
- Canadian Apartment Properties Real Estate Investment Trust (CAR.UN)
- Tricon Residential Inc. (TCN)
- InterRent Real Estate Investment Trust (IIP.UN)
- Mainstreet Equity Corp. (MEQ)
- Innovative Industrial Properties Inc. (IIPR)
Q: Thinking of getting back into 1 or 2 real estate companies. Looking at IIP.un and MEQ. Can I have your opinion on these thwo? Are there others you would consider over the next 3 years?
Thank you, Mike
Thank you, Mike