Investment Q&A

• Choice Properties Real Estate Investment Trust (CHP.UN $15.16)
  • $15.16 Cap: $10.97B
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Q: Hi 5i,
May I get your opinion on the CHP transaction to acquire $5.0B of First Capital REIT assets. Can you list some metrics that makes it attractive for CHP unit holders going forward?
Thank so much!

Upvote 3

Read Answer Asked by Dennis on April 21, 2026

Q: Retirement Homes: for a person looking at this segment of the market and expecting growth to accelerate in the years, could you provide a list of 3 companies that you consider best of breed and positioned for aggressive growth and earnings in the years.

Can you also provide 2 ETF s that might be a better way to invest in this area.

Thanks

Upvote 7

Read Answer Asked by Donald on April 20, 2026

• Canadian Apartment Properties Real Estate Investment Trust (CAR.UN $36.51)
  • $36.51 P/E (TTM): 28.96X Cap: $5.61B
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• Granite Real Estate Investment Trust (GRT.UN $90.54)
  • $90.54 Cap: $5.48B
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• Dream Industrial Real Estate Investment Trust (DIR.UN $13.64)
  • $13.64 P/E (TTM): 37.19X Cap: $3.99B
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Q: Hello,
I own both CAR.UN and DIR.UN, am growing tired of watching CAR's share price steadily decline over the past 5 years.
Could you suggest a replacement for CAR.UN with a better growth profile, decent yield, not necessarily residential?
Thanks as always.

Upvote 5

Read Answer Asked by Roman on April 20, 2026

Q: Would you consider The Antrim Balanced Mortgage Fund (ABM103) a good fund to add to a portfolio for diversification in fixed income? It advertises a 7.5% yield.

Upvote 2

Read Answer Asked by Paul on April 17, 2026

• First Capital Realty Inc. (FCR)
  • P/E (TTM): 15.9X
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Q: Hi Peter, I am a long time First Capital Reit holder. It is a full position for me. With the announcement of the Acquisition what would you recommend. The share price is $23.64 and the deal is valued at $24.40. I would appreciate your professional opinion. It looks like quite a gap between two prices.

Upvote 2

Read Answer Asked by Frank on April 16, 2026

• Bridgemarq Real Estate Services Inc. Restricted Voting Shares (BRE $14.10)
  • $14.10 Cap: $221M
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Q: Please comment on co. and latest Q results.Buy,Sell or Hold.If sell,please provide 2 or 3 replacements.Txs for U usual great services & views

Upvote 1

Read Answer Asked by Peter on April 16, 2026

• Dream Industrial Real Estate Investment Trust (DIR.UN $13.64)
  • $13.64 P/E (TTM): 37.19X Cap: $3.99B
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Q: Some are optimistic about Dir.un but how does one feel about the growth going forward?

Upvote 5

Read Answer Asked by terrance on April 16, 2026

• Dream Industrial Real Estate Investment Trust (DIR.UN $13.64)
  • $13.64 P/E (TTM): 37.19X Cap: $3.99B
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Q: Looking at Dream Industrial REIT, I see that the P/E ratio is about 36, which I interpret as expensive, while the P/B ratio is about 0.8, which I would consider a bargain. Which is it? What am I missing?

Upvote 6

Read Answer Asked by Ivars on April 15, 2026

• Aecon Group Inc. (ARE $46.47)
  • $46.47 P/E (TTM): 217.9X Cap: $2.97B
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• Alexandria Real Estate Equities Inc. (ARE $46.65)
  • $46.65 Cap: $8.07B
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Q: Ref : Patrick question on Monday:
“Do you have any thoughts on CUBE? I don’t have a lot of REIT exposure in my portfolio (just a small position in DIR.UN and some ARE at a large loss).”

Since ARE:CA has been a great performer in the last 5 years, I believe he is referring to ARE:US for real estate.

Upvote 3

Read Answer Asked by Denise on April 14, 2026

• Dream Industrial Real Estate Investment Trust (DIR.UN $13.64)
  • $13.64 P/E (TTM): 37.19X Cap: $3.99B
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Q: I need to diversify my RRSP and looking to allocate 10% of portfolio. What REITS should I consider for 5 to 10 year time frame. I read REITS are out of favour but I would think if rates go up they will not do well.

Upvote 7

Read Answer Asked by Tim on April 13, 2026

• American Tower Corporation (REIT) (AMT $176.31)
  • $176.31 P/E (TTM): 32.42X Cap: $82.22B
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• Essex Property Trust Inc. (ESS $252.19)
  • $252.19 P/E (TTM): 24.34X Cap: $16.32B
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• Alexandria Real Estate Equities Inc. (ARE $46.65)
  • $46.65 Cap: $8.07B
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• Camden Property Trust (CPT $101.48)
  • $101.48 P/E (TTM): 28.95X Cap: $10.73B
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• Extra Space Storage Inc (EXR $141.29)
  • $141.29 P/E (TTM): 31.29X Cap: $29.84B
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Q: Seeing many USA Property Trust companies stocks falling sharply. Would you be able to offer some insight to their valuation losses and where a "Buy" might be considered prudent?
Thanks again for all your great guidance.
Ted.

Upvote 2

Read Answer Asked by Ted on March 24, 2026

• Miscellaneous (MISC)
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Q: Hello, can you please confirm that REITs should be held in registered accounts (RSP, LIRA, TFSA) whenever possible considering their tax treatment (distribution treated the same as interest income in my understanding). Thank you.

Upvote 6

Read Answer Asked by Pierre on March 20, 2026

• True North Commercial Real Estate Investment Trust (TNT.UN $8.36)
  • $8.36 Cap: $120M
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Q: Could I please get your thoughts on their latest earnings, and future prospects? Thank you

Upvote 2

Read Answer Asked by Brent on March 20, 2026

• RFA Financial Inc. (RFA $25.91)
  • $25.91 Cap: $1.20B
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Q: Stock has dropped significantly since your most recent comment in February.
Do you have any updated insight ?

Thanks
Jerry

Upvote 1

Read Answer Asked by Jerry on March 18, 2026

• Vital Infrastructure Property Trust Tr Unit (NWH.UN)
  • P/E (TTM): 19.55X Cap: $1.41B
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• Vital Infrastructure Property Trust (VITL.UN $5.56)
  • $5.56 P/E (TTM): 19.55X Cap: $1.38B
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Q: Can you please provide insight into the name change and whether this has any effect on the operation of NorthWest Healthcare and their dividend. Thank you.

Upvote 1

Read Answer Asked by Donna on March 17, 2026

• Two Harbors Investment Corp (TWO $11.01)
  • $11.01 Cap: $1.15B
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• UWM Holdings Corporation Class A (UWMC $3.68)
  • $3.68 P/E (TTM): 31.17X Cap: $6.27B
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Q: A merger is in process. Would you be able to comment on the merger?

Upvote 2

Read Answer Asked by Brad on March 11, 2026

• Canadian Apartment Properties Real Estate Investment Trust (CAR.UN $36.51)
  • $36.51 P/E (TTM): 28.96X Cap: $5.61B
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• European Residential Real Estate Investment Trust (ERE.UN $1.17)
  • $1.17 Cap: $275M
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Q: Hello 5i, I am a current unit holder of ERE.UN and would like you to comment on the latest news release as to the current shareowners are being offered.
Are there options for cash or shares of CAR.UN and what are the chances of another
bid for the company.

Upvote 4

Read Answer Asked by Michael on March 04, 2026

• Chartwell Retirement Residences (CSH.UN $20.56)
  • $20.56 P/E (TTM): 102.0X Cap: $6.54B
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• Extendicare Inc. (EXE $28.34)
  • $28.34 P/E (TTM): 25.21X Cap: $2.67B
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• Savaria Corporation (SIS $30.11)
  • $30.11 P/E (TTM): 30.17X Cap: $6.86B
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• Sienna Senior Living Inc. (SIA $22.55)
  • $22.55 P/E (TTM): 45.94X Cap: $2.24B
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Q: Please rank these for Income & Growth. Thanks a Bunch!

Upvote 9

Read Answer Asked by Austin on February 25, 2026

• MCAN Mortgage Corporation (MKP $24.29)
  • $24.29 P/E (TTM): 12.69X Cap: $985M
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Q: What do you think of this company for a income investor and their latest quarter.

Upvote 3

Read Answer Asked by don on February 25, 2026

• SmartCentres Real Estate Investment Trust (SRU.UN $28.14)
  • $28.14 P/E (TTM): 35.5X Cap: $5.01B
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Q: What is your current view on SRU?

Upvote 5

Read Answer Asked by Andre on February 24, 2026