Investment Q&A

Q: Would like your latest view on acr.un and sot.un.
Thank You.

Q: I currently have no position in reits, but do own personal property, which accounts for 50% of my total assets.
I have limited income producing assets (mainly dividends & growth stocks).
I have some cash I am sitting on, thinking that the Fall season often likes to give us a tumble and wondering if I shouldn't put 10% of my portfolio into reits.
Could give advise me on which ones to purchase at this time. (In order of preference).
Would there be an advantage of going with an ETF REIT (either Cdn or U.S,). This purchase would be in an rsp acct. And if you agree which is your preference.
Thank you for being there.

Q: With interest rates scheduled to be increased, is
it time to sell Reits like REI.UN - AP.UN I see that these stocks have dropped a few points reently
Thank you for your help
Hanna

Q: Where do you stand in the debate regarding the "impending bubble burst" in the Toronto real estate market? Thanx Robbie

Q: I have owned Cominar REIT in my Investorline account for a long time. I have noticed that my average cost keeps decreasing to the point it is now $.0782. What's going on?

Q: HI guys,
I own shares in ESL which is down 25% this year so far. I am debating adding to this sector by purchasing SH or selling ESL. What are your expectations for SH for 2016-2017?
I also own MST.UN through a non registered personal account and am looking to buy D.UN-they are giving a 9.2% return. Would you consider this a good acquisition given the low real estate environment in Alberta? Do you think keeping this in a personal non- registered account is a good move with respect to taxes?
Also I plan to buy shares in Suncor and then doing closed calls. I have never done this before and am nervous about it because I don't really understand it. I also don't know which website to use to research calls and sells on a daily basis. Any suggestions?
Thanks for all your help,
Rob

Q: I read thru the MD&A this morning and what I THINK I see is an albeit very small company that now has competent management (Eli Dadouch of Firm Capital basically booted the previous idiot out) with high insider ownership (30%) and a turnaround that, while far short of complete is definitely in effect. Your thoughts on this impression and more importantly your estimate of the simple NAV of the company? I see about $76 mill assets minus about $51 mill liabilities for a NAV of about $25 mill against a market cap of about $10 mill. Many thx!

Q: I am interested in farmland. Are there any REITS, etf's, or stocks in Canada? Does FPI:Z work for North American exposure?

Q: Temple has had a tough ride this past year,however I understand Morguard is now a significant shareholder. Do you have any view on the prospects for Temple from this approx. 80 cent price level?

Q: Please list these three stocks in order of preference for a conservative income account. Thank you.

Q: I received about $ 25,000 The proceeds from Innvest Reit I was getting a 7 percent yield Can you suggest one or two companies that have stable cash flows and yield anywhere close to what I was getting for Innvest

As an aside my portfolio is up 15 % YTD I owe most of the gains to 5i You can't get a better testimonial than that

Thanks so much

Paul

Q: True North Commercial REIT seems like a good investment for income. The dividend is indeed attractive at close to 10%, but as a general rule of thumb, the high dividend suggests something isn't right with the company. Can you provide your analysis as to what, if anything is wrong with this company?

Q: 17% of my portfolio is in REIT,s. Is this to high a weighting or should I reduce. I am holding REI.UN, CUF.UN and CRR.UN. Equal amounts. If I am to reduce, which one do you recommend I should sell?

Thanks in advance

Q: I've owned this stock for a few years and it's done well. What are your thoughts?

Q: Hi all at 5i... I have a query ....what is a better investment at this time..an individually owed, mortgage free, rental property versus a REIT? So I drew up a list...at least as far as I can see, ..pros and cons. The rental property...pro- I have a tangible asset which can generate a monthly income and hopefully appreciate in value over time. Con- I enter the world of becoming a landlord with all of its issues. There is the cost of the up keep of the property. The question remains, how much more will the property appreciate given the fact that the market is very high already. The REIT ...Pro... No landlord headaches...A steady stream of income...others that do the buying and selling of the properties held and a diversification of properites. Con...success of the REIT can depend on the management team, the market can fluctuate and interest rates can change and effect the valuation of the REIT. As far as my exposure to real estate, I,only own my own home and a goodly amount of stocks and bonds. A small percentage of the stocks are Reits. How would you weigh in on this...and could you suggest some Reits that are investment worthy. Thank you, Tamara

Q: Over the last 5+ trading days MRG.UN has been moving down from a recent 52 week high ($13.65). Today MRG.UN closed at $12.95 and moved below its 50 day moving average. As well, recent daily trading volumes are frequently higher than their average volume. Today for example, the volume was well over two times the norm, albeit the average daily volume is only about 26,500. I also noticed late today - on the TMX site, that RBC appears to be doing the majority of the selling of this stock. I would appreciate your thoughts re this REIT. I hold 2000 units that I purchased at $10.00 several years ago. I SO appreciate your expertise. Thanks.

Q: Both these companies are small real estate enterprises. Very small and not followed. Can you offer some comment on their investment parameters. What are the key numbers/ratios here. What are some of the comparable in the REIT space or otherwise. Thank you

Q: Just to update MRC briefly, can you tell me your thoughts on it currently and going forward? The last report in 2015 was quite positive.

Does it rank in your top 5 REIT Reccos for growth and income, and what are those Top 5?

Thanks

Sheldon

Q: Hello 5I,

This is a follow-up to questions asked about Extendicare Inc that were asked in June. At the time you commented that it was fine for higher risk income. Has your view changed any with the release of 2nd Qtr earnings? CIBC points out that "EXE trades at a discount to its peers on every metric" .The company has identified $465M of development/redevelopment initiatives that it is planning to undertake. CIBC feels that EXE can accomplish this with internal resources.

Your thoughts would be greatly appreciated.

Cheers,
Bob Ahearn

Q: I have been watching SOT.UN and yesterday it dropped after making an acquisition. I have a balanced REIT portion to my portfolio for income, and I am wondering about adding Slate on this drop as it has an 8.8% payout. My other holdings are Artis REIT, Pure Industrial REIT and Smart REIT. Is Slate of a comparable quality to my existing REIT's and would it be a good addition for income?