Investment Q&A

Q: Temple Hotels has announced a strategic review. Given Morguard's substantial interest in Temple, does the fact of the review suggest that Morguard is not interested in taking majority control of Temple's properties (as the extent of their ownership suggested)?

Q: What do you think of this REIT? It pays out 8.3% and seems to have a payout ratio of 50%. Owns properties in Europe. Four bank researchers target a 5-10 % increase in value as well.

Q: Good afternoon! As a retired dividend investor, I've held Crombie as a full holding for a number of years, having bought at a good margin of safety (now up 22%). I am concerned that their dividend has not grown since March of 2007 (a 4.7% raise then), and their payout ratio has remained in the 90% range (often more) on AFFO in spite of a number of acquisitions. The distribution is very good, of course, (currently 5.86%) but growth in payable funds seems to be nil on a per share basis. Eventually, inflation will erode the magnitude of the distribution if they fail to grow in an accretive way.
I am considering moving on to another 5-6% dividend payer. Could I have your comments on Crombie as to whether there is something I am not seeing here that should make me want to keep it - i.e. is my thinking correct? Also, if I do switch, which might you recommend that might pay similarly yet have some chance for growth? I am not specifically looking for a similar commercial REIT. (FYI, my current full holdings include STB, RSI, RNW, ECI, BNS (half, should I increase?), PPL, and SIA)
Thanks!
Paul

Q: Would like your view after todays news on acquisitions and financing? Thanks.

Q: Good morning 5iTeam -
I've read an article which Marc Cohodes said he's shorting HCG as there are huge irregularities $1.9B worth in their mortgage biz. Oaken is pumping their higher % rates in all ad spaces. To quote the good doctor from Marathon Man --- "Is it safe."

Q: I see that Pure is hitting new highs and pays a nice dividend, what do you feel that the next 2 years looks like for this stock and also Milestone-mst, is it to late to enter these stocks, and what would be the big risk in owning these stocks?

Q: Hi, REITs have seen a strong YTD and 52 weeks returns, on the back of market volatility and "lower rates for longer" syndrome, more so after BREXIT uncertainty. I have no REITs in my portfolio now. Your recent report on Chartwell Housing is interesting. Based on demographics tailwind and low interest rates environment, if I want to initiate position in one REIT name, will CSH.un fit the bill ? Also, do you think current level at $15.70 is reasonable, although it's flirting with 52 weeks high? Thanks

Q: Hello
In an answer today you recommended INN.UN. I thought it was being sold?
Thanks for all you do
Dennis

Q: Looking for 5% growth in addition to the 8% yield, which would be more probable choice, American Hotel or BTB? Other?

Q: Further to the question asked by Brent on this company. I'm have US $ I wish to invest in Canadian companies paying dividends in US $ What is your opinion on WPT Industrial REIT?

Q: Colliers has been week of late - i would have thought that investors would have seen this as a safer domestic stock. Am i missing something here?

Q: I have all 3 of DRG.UN, D.UN & STB in my wife's cash acct but only because of their very high monthly dividends - averaged at about 8.5%. However, I want to drop 1 & while STB would seen the obvious choice as it does not move the needle very much, I am concerned as to the ongoing viability of DRG.UN as related to Brexit, etc. Your opinion - Thank you.

Q: Would like your view on the 2 morguard reits and which you might prefer. Thanks.

Q: Prior to Brexit there was considerable discussion about the need to address Cdn house price overvaluation, likely through mortgage terms. I note that both MKP - MCAP and Timbercreek have worthwhile dividends, provided their pricing remains stable or positive. I note that you like MCAP but the question is what do their future prospects depend on?

Thanks

Q: I have trimmed my real estate holdings to 10% of my stock portfolio with 5% in each CIG and FSV. However, I am wondering if I should be taking into account my commercial & residential real estate outside of my stock portfolio? They do generate monthly income and I don't want to sell the properties. Perhaps I should not hold any real estate in my stock portfolio?

Q: What is your view of TCN? It's results haven't looked good recently and you haven't updated it...Thanks.

Q: You mention that HCG may be a good play post Brexit. I note that they had two substantially reduced dividend payments in 2014. Are you aware what the reason for that might have been? Just wondering if there is anything on their horizon that might cause that to happen again?
Thanks

Q: Paramount Equity Financial. Have you heard about this company. It does not seem to be listed or have a symbol It takes mortgages for one year and pays 10% then you start over. My grandson says that you can purchase in your TFSA, but how do you do his if is not a listed company

Q: I have a question about 1103

Understanding that we can't time the market, is this a good time to add to BPY? Maybe a call option?

Thanks,
H.

Q: My gains accumulated over the last two years on BPY.UN is about to be totally wiped out in the last two trade sessions. I know BPY.UN is heavily invested in the U.K., for example the Canary Wharf, will Brexit have such an effect on its real estate holdings? Or this is an opportunity we can take advantage of and load up again on this stock.

You advise is much appreciated.