Investment Q&A

Q: Your thoughts on this undervalued company and if you feel there's a recovery in the next year?

Thnx for your input!
Dave

Q: Greetings 5i, your updated analysis please on PLD in terms of valuation, balance sheet strength and future growth. In your opinion would you add, hold or sell, assuming one wants exposure to the Industrial REIT sector? I also hold DIR.UN, have recently added to that position and intend to hold. Thank you.

Q: What is your opinion of this trust.
Thank you for your insight

Q: been awhile since a question was asked on this company, can you give me your thoughts on its outlook, debt levels and dividend safety.
Thanks Dave

Q: Understandably Real Estate cos. are not prominent in the minds of investors these days and in Canada they are under alot of pressure but am wondering if CAR.UN is a screaming BUY for one who is willing to wait through a couple more years of AI craze?

It shows CAR.UN book Value at $56.00 per share whilst price today is $39.00. Am already a holder of Minto which i earlier saw Book Value of $29.00 but yr site shows a P/B value of 1.06 so not sure about that number.

These companies may carry alot of debt but wondering yr thoughts on the opportunity here on these reits and the relative risks of each as a 3 year investment?

Q: Is this a buy on the pullback or time to exit?

Thank you!

Q: Hi Peter,
I have CAR.UN in my RRSP account for a number of years. It has performed poorly for the past year, though interest rate is heading downward which should be good for REITs. What are the reasons, apart from immigration restriction, for the negative momentum for CAR.UN? I’ve a 13% loss on this stock and I am thinking of selling it with no tax loss benefit and buy another REIT. Please suggest a few REITs that will provide a stable dividend and flourish in this economy. I’m thinking NWH.UN can be one possibility but it is at a year high. I already owned DIR.UN, BEI.UN and PLZ.UN. Thanks.

Q: On friday,it dropped 3.6% to $13.40 on much higher volume of some 50k than 8.5k average. Any reason(s)?Please comment on company..I think it was associated with BN many moons ago. On Oct 16 it announced an agreement with BBU. Current yield of 10.07%.If sell,please provide 2/3 Dividend stocks.Txs for u usual great services & views

Q: Any idea why Allied Properties should be dropping sharply before the quarterly report is released?

Q: Why has RKT been sliding? Buy, sell or hold? Thanks!

Q: Can you recommend some real estate / reits that are traded on US markets? Perhaps top 3 for growth, and top 3 for stability and income.

Q: Ewing Morris has increased its all cash offer to $4.10 from $3.85. Conditions apply. The initial offer and now the increase raises questions that I can not really even guess at figuring out. While that may be the same for you I am asking for your comments on the initial offer and now the increase to $4.10. I lean towards accepting the offer as I have a significant holding but also a huge capital gain. Btb.un is trading at $3.85 today so not that close to $4.10 in my opinion and that seems like a reluctance on the part of buyers to see this offer as a done deal. Of course there is the 8 million limit. Thank you for your comments.

Q: Hi, in my rrif account, I have both, and I’m considering selling dir.un and adding to Zmi. Dir.un 5years ago was approximately $12.30 when I bought it. Today it is much the same, I think if I sold I might make $100 . Zmi seem much more diversified, safer and could actually make some capital gains. Is the .20 mer and 1.2% difference in dividend a deal breaker, or would you consider this move for a riff account.
Thanks

Q: Citing elevated redemption requests and tighter cash flows, some asset managers are joining a growing list of firms who are warning investors about changes to their real estate funds, which range from limited redemptions to reduced monthly distributions.

For example Trez Capital Mortgage Investment Corp, Nicola Wealth Management Ltd. and Centurion Asset Management Inc. informed investors about such changes. I own CAR.UN, KMP.UN and GRT.UN. Can I please get your thoughts for these three.

Q: Hello 5i Team

Artis REIT (AX.UN) announced on September 15, plans to merge with RFA Capital to form RFA Financial.

Other than the initial press release and investor presentation, no additional information has been posted on SEDAR+.

The units have dropped from ~ $7.40 to ~ $6.80.

Closing date for the merger was stated as Q1 2026

Questions

1 - When would Artis post the "Arrangement Agreement" on SEDAR+ outlining the full details of the merger?

2 - What are your current thoughts on the merger?

3 - In these types of transactions is it better to sell now, if you don't like the transaction or wait until further details are known.

Thank you for all the services 5i provides.

Q: Hi,
How would you reconcile the fed's rate cut and indication of two more; with slowing economy, job growth and housing sector? Would you invest now and if so, any favorite amongst the three?

Q: The Canadian Apartment Properties Real Estate Investment Trust (CAR.UN) was following a solid upward trend for at least 7 years up to mid 2021 (ignoring the temporary COVID disruption). However, the REIT has followed a flat trend since then. What factors stopped its growth? We hear so much about the scarcity of residential housing these days, so what is holding back the companies in this REIT?

Q: What is your analysis on Axos Financial? Thank you.

Q: I was reviewing INVH for income because portfolio is excessively growth oriented. INVH seemed to me well-positioned with good prospects for price appreciation. I also thought INVH could be a good inflation hedge. It seems I am wrong on all the above. The value of INVH shares is down by more than 12% over 6 months, and down by over 16% in the past year. Is something wrong with the business? Or do you attribute poor share performance to negative sentiment? The latter seems too simplistic a reason however. But if it really is just sentiment , do you expect investor attitudes to grow warmer towards boring income producing companies? Like many other investors, I continue to stay dangerously in love with growthy tech. I have been trying hard to shake off the addiction.

Is INVH a good candidate to offset a growth-oriented ‘portfolios? If not INVH, then do you have other suggestions for income ?
If not real estate , for income, under current conditions do you prefer mature slower growth dividend payers over REITs? ( I have no clue on bonds). I would appreciate suggestions on conservative income-producing securities that you like that are available at reasonable prices currently (US, Europe, UK). Prices to buy below at are *always* helpful .

Q: What are your thoughts concerning REITs in this current market? What would you suggest as a couple attractive options?
Thanks Ric.