Investment Q&A

Q: Portfolio Analytics categorizes Sienna Senior Living as Health Care and Northwest Healthcare Properties as Real Estate (I get that it's because it's a REIT). A couple of questions:
1) Does it make sense to consider NWH.UN as being in the Health Care sector?
2) In general, does it make sense to override the sector a stock is allocated in cases like this?
3) Have you thought of adding a column to your database to allow users to do this? Using an extra column rather than overriding the Sector provided by Portfolio Analytics would give the user access to both values.
4) Same questions for Geography (see my previous question).

Thanks
Peter

Q: What is your read on the deal announced today by Canadian Tire?

Q: I wrote to you on Thursday, asking if you could recommend a couple of ETFs holding Chinese companies, one US and one CAD. I have not yet heard back from you. I also wonder if you could recommend one or two CAD REITs. I have none in my portfolio. Something that will continue to do well in a down economy is my preference.
Thank you.

I notice that when I wrote on Thursday, it said I had 65 questions, and now I have 64. But since my question was not answered, or at least, I was not notified that it was answered, this seems a bit odd.

Q: Can you comment on PRV.UN particularly regarding the sustainability of the distribution.

Q: Hi 5i .. i hold these REITs currently: Bpy.un (1.5% of my portfolio), car.un (3%), chp.un (2%), crt.un (1.5%), iip.un (1.7%) ... to simplify things, and diversify further, would it make sense to sell these and just buy an etf like VRE or ZRE? (for a 60 yr old div investor .. which is preferable?) ... or, is the status quo the way to go? thx!

Q: hello 5i .. I have the following REITs (and % of my portfolio): BPY.un (1.5%), CAR.UN (3%), CHP.Un (2%), CRT.UN (1.5%), IIP.UN (1.7%), .. for a 60-yr-old dividend investor, does it make any sense to simply life by selling these and buying an ETF like XRE or VRE? ... or is the status quo the way to go? thanks!

Q: I see the value of that stock always going down. I would have thought that they would benefit from a lower yield like the REITs, but it doesn't seem to be the case. Could you give me your opinion on this stock and what could happen to it if the Fed continue to lower the yield? Should I continue to hold expecting an improvement or accept a big loss and sell it now?

Thanks

Q: I notice that CSH has a price/earnings ratio of 339x . (TD provided data)
Is this normal ? How should we rationalize this and how should we be evaluating the company?

Q: Looking for a REIT & am trying to decide between the industrial REIT WIR.UN & BPY.Un .Which would you suggest or are both good stocks or neither & you'd suggest something else? I had AAR.UN which was great but was bought out & at this point have only NWT.UN for REIT exposure at 2%. I believe with falling interest rates that this is a good time for REITS . Your valued opinion would be appreciated.
Dave

Q: Ax.un seems be selling quite a bit of properties -comment to the plan.

Q: I have never owned property reits because I owned apartments but are in process of selling them. I brought a small position in BPY.UN, I like dividend and own another Brookfield company BIP.UN for ten years and only 3% of my holding. I was wondering what other property Reits u recommend or just stay Brookfield. i plan to add about 3 or 4% of my holding. 62 no debt and no penision...

Q: In your opinion, what are the largest factors in preventing Sienna Senior Living from trading at higher multiples? Is there that much of a difference between the retirement home business and apartment reits? Apartment Reits seem to be trading at multiples in the 20s and above while, according to Scotia, SIA is trading at a 2019 FFO multiple of less than 14.

Thanks for your insight.

John

Q: What is your opinion of this private REIT? What are its risks compared to a publicly traded REIT like CAR.UN?

Q: Is dir.un still good value here? Any others you would recommend in the industrial space, US or Canada . Thanks.

Q: What securities would you recommend for an investment in apartments or multi residential in Canada. Any that offer better relative value? Thanks.

Q: What is your take on the recent run up of DREAM? It has been a long road to gains on the stock so I'm wondering what your outlook is for the company?

Q: Could I please have your top 3 choices among industrial reits.

Q: I'm interested in 2 lo-volatility stocks, with some dividend and some momentum for a minimum of 2 years. Most of these REITs mentioned have lots of hold recommendations, but very few buys despite their recent outperformance?? Are they overbought? Can you pick 1 or 2 US REITS for me and 2 CDN reits as well?

Q: I am a retired conservative dividend income investor. I've held Sentry Global REIT for years (love the 6% distribution) and have been monitoring its performance as compared to ZRE and XRE. I didn't mind paying the 2.4% MER as long as it was outperforming. However, on a total return basis, Sentry has lagged significantly and I have sold it today.

With interest rates appearing to be on the decline and, more importantly, for portfolio asset allocation, I still want to have REIT exposure. I am leaning towards ZRE, due to the equal weight nature (as opposed to XRE).

I am normally a long term buy-and-hold investor. ZRE has had a good run recently, but I think the future still looks good, due to the macro environment. Your thoughts?

My target REIT allocation is 7.5%. I also have a position in CSH.

Thanks for your help...Steve

Q: What do you think of HOM.UN? how does it compare to interrent, minto and nvu, in terms of POR, debt ratio and projected growth?