Investment Q&A

Q: A point of information.
RUF holds only US properties which, like MST, differentiates it from other Canadian REITS.

Q: On September 9 you said that DRG.UN's payout ratio was 55%. Previously on Feb16 you said it was close to 100% and yesterday on September 20 you said it's effectively 100%. I'm confused ? What changed between September 9 and September 20 ? Looking at Morningstar I see a payout ratio of 58.7%. What is the correct payout ratio ? Also if Morningstar's figure is correct or in the vicinity of correct and the PE is 7.3 this seems to me like a company with an ample cushion for the dividend. But I realize nothing is secure when looking at a dividend in the region of 9% so what would be your concerns regarding an investment in DRG.UN ?

Q: When they say have Reits with a high valuation,do you look at cash flow,pe ratio ,debt or all of the above.Could you give examples of some high and low Reit valuations ?

Q: Which one of these two would you invest in at this time? If you would have a different choice, please provide

Q: What makes Artis REIT a good buy here?

Q: Are there any self storage companies in Canada that you think may be good investments? Do you like PSA on the NYSE as a long term investment?

Q: Have to choose between HR reit and Car.un what do you think or is there a yet better choice ?

Q: this stock has been rising.any news?

Q: Hello 5i
Could you please give me your take on whether to add Zre at this time or wait until the interest rate decision is made by the FED?
Thanks,
Rick

Q: New share issue: looks similar to Chartwell, but in the US. Listing in Toronto. Promising investment: or give it time? The payout is proposed to be just over 7%.

John

Q: For the past 8 years I have been trying to pick up yield by buying convertible debentures. My objective for the past few years was to get a yield to maturity of at least 5% on these debentures. Today Superior Plus is redeeming one of their convertible debentures (SPF.DB.F). I would like to buy another convertible debenture from the cash that I will be receiving. I am considering NWH.DB.B or NWH.DB.C. Both of them have yields to maturity in excess of 5%. What do you think of these two convertible debentures as a fixed income investment? Note that I am not concerned with conversion privilege. This is a proxy for exposure to a fixed income vehicle. I am only concerned about the yield and the company's ability to pay the principal at maturity.

Thank you

Q: I have held MRT.UN for about ten years. The reported book value is $25.56 while the stock trades for about $15.70, yielding 6.1%. Why is there such a large discrepancy between those two figures? Is this discrepancy a sign of poor management? What can management do to get those two figures closer together? Do you consider MRT.UN a Sell, Hold, or Buy? and why?

Q: Question on CSH:Own small position 800 shares CSH at ACB of 6.87$. Thinking of switching to NWH.UN also selling loser TA to soak the capital gain and provide enough for 2% position or is adding to position of CSH better. Like the additional 4% monthly distribution.Also own SIA at 2% position. Is it worth the risk for the higher yield ? Wht is the best course of action in your view ? On portfolio review list but not before december I was told unless it improved ?

Q: I own a basket of REITs and am concerned about Cominar, moreso after their bought deal at a large discount yesterday. They are not growing and with a high payout ratio it seems to me that the deal may have been in an effort to avoid a cut in their monthly distribution. My position is a little down since purchase quite a few years ago, but would rather sell now than at $10.
Appreciate your advice

Q: i read yesterday the Pure Industrial's CFO has left the company with no reason given. should i be concerned?
Don

Q: Hello, which REIT would you prefer for long-term growth and revenue appreciation ?

Q: Please provide your analysis of Allied Properties. Would you recommend as a buy with the possibility of the US raising interest rates in December? Are there other reits that you would prefer over this one and if so how would you rank them?

Q: Hi,
I hold the above REITs in my RRSP account. What do you think of them? I don't really want to hold more than 3 but do you think that I should consider a change?
Thanks, Bryn

Q: I have read your answers to questions about WIR.U which trades on TSE. You state that it pays dividends in US$ which is correct, but you say that it trades in CF. In fact, it trades in US$ and is more efficiently bought in a US$ account.

If you have any updates on the merits of this company which specialises in warehouse and distribution centres on the US, I would like to hear them.

Q: Would like your opinion on 3 reits please.
hot.un, nwh.un, tnt.un.
they look expensive to me.
Thanks.