- BCE Inc. (BCE)
- Canadian Apartment Properties Real Estate Investment Trust (CAR.UN)
- Toromont Industries Ltd. (TIH)
- Granite Real Estate Investment Trust (GRT.UN)
Q: looking for safety of dividend and single digit capital appreciation. would you sell BCE and replace with 50 percent to TIH and 50 percent to either CAR.UN or GRT.UN. thanks Richard
5i Research Answer:
We think TIH is decent, but its dividend of course is significantly lower than BCE. The two REITs are amongst our favourites. Rather than a full sale of BCE, we think a combo of BCE, TIH and GRT.UN works well. BCE has recovery potential, on any good news at all. This plan would lower yield but improve overall diversification.