Investment Q&A

Q: i have owned home capital since 20.00, their earnings were excellent, but up 5.00 seems excessive, i had a position, sold a little. whats do you think. dave

Q: In the last month HR.UN has made a straight line drop of over 5%. I'm assuming that it's because of the Encana departure. I know that Encana would face a huge exit penalty and the exit is not immediate but do you believe this negative price trend will continue?
Carl

Q: Could you please comment on the quarterly results which were just recently released for these 2 companies. Please deduct 2 points as there are 2 separate questions here. Thank you, Ian

Q: 1. I was considering buying FCR for a nonregistered account as it has a fully eligible dividend, but I see it is imminently converting to a REIT - is there any way of knowing how the distributions will be classified going forward (and therefore the taxation treatment)?
2. What do you recommend as tax efficient real estate holdings for a nonregistered account? Many thanks.

Q: Patrick Horgan was on BNN recently and described REITs as the ‘sell of a generation’ and said that they are priced like techs stocks were in 2000. Any comments?

Thanks,
Jason

Q: Do you agree with Patrick Horan's thesis that reits are currently overpriced and should be shorted ? if not can you name some non-Canadian reits that look interesting?

Thanks for your assistance.

Q: why is cuf.un rising over the last 2 days?

Q: I note in your reply to Mark today you say that COLD is expensive; the question from an investment standpoint is how expensive are they? It seems that earnings expectations are all over the place for fiscal '19 and '20. First Call seems to expect over $1 in '20, TR 0.67, while PE ratios presented are anything between almost 300 and 130, which doesn't compute, and on top of that should COLD be evaluated as a REIT AFFO or other criteria or as an ordinary industrial equity? I also note that COLD has failed to meet earnings expectations for the past four consecutive quarters.

Taking into account actual earnings and volume growth could you please fill in some of these gaps and provide a basis for reasoned evaluation of this company's share pricing. The price run down in recent days could provide an attractive entry into an enterprise which appears to have significant prospects because of industry needs as well as fragmentation. Thank you.

Q: Hi Guys,

Can I please get your opinion of True North REIT and today's announcement.

Thanks

Dave

Q: How do you view their Quarter? Does this new bought deal make them a good buy below $7?

Q: Taking a big drop today. Is there news that i missed. This one is usually a fairly steady trader so.....

Q: Morning guys:
Please comment on recent quarter .
Thank u
Mark

Q: Hello Peter,
Can I have your opinion on this ETF. I like the holdings & sector weightings.
I am considering it instead of ZLB. Yes, it is smaller & hasn't performed as well as ZLB, but it has a slightly lower MER and a higher dividend yield, which I like.
What is the max portfolio weighting you would recommend?
I am also considering bumping up the reit weighting with REIT and would appreciate your opinion on this ETF also.
Thank you,
Martin

Q: Two questions re: Granite reit.
They have a normal course issuer bid in place. Why would they buy back their own shares while going to the market to issue more shares?
These units are referred to as stapled units IE one trust unit and one common share. What is the significance of this arrangement. Thanks.

Q: Looking to more reit exposure I am thinking above three mentioned, either all three or combination. Any thoughts, or opinions would be welcomed, also, please rank in order of preference

Q: Please comment on the results and explain the market reaction to it.

Q: Peter,

Please provide a list of your favourite REITS for a taxable account. The main focus being on stable, increasing, sustainable payouts as opposed to a high current yield.


Thank you

Paul

Q: Can you tell me the difference between these two listings? And what is your view of this company. Is it a buy? Thank you

Q: Hi,
Looking for a REIT with momentum, good growth, reasonable dividend at a fair price.
Would Starwood Property (stwd), Brixmor Property (brx) or Realty Income (o) fit the bill ? Or any other you think would better achieve the purpose ?
With many thanks,

Jacques, Mtl

Q: Just a comment on pros and cons of receiving distributions as return of capital. While a nice problem to have I believe if the ROC results in the capital cost base going negative the ROC is taxed as income.