Q: Hi,
I am looking at Slate Retail for my income portfolio. I had gotten sold off a lot and has a 15%+ (depending on the hour) dividend yield. As far as I look at it, they lease to mainly staple grocery stores and drug stores - Kroger for example. Can you address the risk of its tenant base and how risky it truly is? I also think they have a lot of debt as REITs do but it looks like they restructured and carry a big revolver they use. Not sure if you can unpack what's going on there and if it's a huge worry. Thank you
I am looking at Slate Retail for my income portfolio. I had gotten sold off a lot and has a 15%+ (depending on the hour) dividend yield. As far as I look at it, they lease to mainly staple grocery stores and drug stores - Kroger for example. Can you address the risk of its tenant base and how risky it truly is? I also think they have a lot of debt as REITs do but it looks like they restructured and carry a big revolver they use. Not sure if you can unpack what's going on there and if it's a huge worry. Thank you
Q: Both these reits are getting hammered today,yield is up to 14% on both.Would you start picking away at these 2 now or wait?
Q: Have recently disposed of BTB reit. Which of these 2 securities would you prefer or any other suggestions. Tax is no consideration as held in my RRSP.
Richard
Richard