Investment Q&A

Q: Recently Peter's response to a member question mentioned CAR.UN as a decent choice for a REIT for good income and growth prospects. That's got me started thinking about adding REITS to my non-registered account.

However, I am not educated about the tax implications of owning Canadian REITS in a non-registered account. Is income from CAR.UN an eligible dividend to qualify for the dividend tax credit? Or is it treated as straight income that is fully taxable, or are there some other form of tax treatment that is done with income from Canadian REITs?

If eligible for the dividend tax credit, are there other Canadian REITs that look attractive from a growth, income and favourable tax treatment perspective?

SGR

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Read Answer Asked by SG on May 12, 2016

• InnVest Real Estate Investment Trust (INN.UN)
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Q: Hello,

Can you please comment on this morning's Innvest deal and what appears to be a discount in the current market price.

Thank you

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Read Answer Asked by Suzanne on May 11, 2016

• Boardwalk Real Estate Investment Trust (BEI.UN)
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• iShares S&P/TSX Capped REIT Index ETF (XRE)
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Q: I currently hold a 2% position and would like to increase my REIT holdings. Would you suggest a single position or an ETF ? Would you continue to hold Boardwalk ?

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Read Answer Asked by Gerry on May 11, 2016

• InterRent Real Estate Investment Trust (IIP.UN)
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• Pure Multi-Family REIT LP (RUF.UN)
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Q: looking over the residential reits, wondering what you think of these two. They are smaller and perhaps have been overlooked.
Thank you.

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Read Answer Asked by howard on May 11, 2016

• Pure Multi-Family REIT LP (RUF.UN)
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Q: Could I please have your analysis of Pure Multi Family Reit first quarter results?

Thanks

Dave.

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Read Answer Asked by David on May 11, 2016

• Dream Office Real Estate Investment Trust (D.UN)
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Q: Hi Guys

What is your take on Dream Office Reit

Thanks Mike B

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Read Answer Asked by Mike on May 11, 2016

• Sienna Senior Living Inc. (SIA)
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Q: Hello Peter,
With the recent gains, i reduced my chartwell residences to 4% from 8% weighting. I was thinking of reducing it to 2% and using the proceeds to buy Sienna Senior Living. Do you think this is a good switch or the risk reward is better by simply keeping chartwell and collect the dividends. I am thinking of doing this as chartwell has gone up quite a bit this year. Thanks

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Read Answer Asked by umedali on May 11, 2016

• Slate Office REIT (SOT.UN)
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Q: Hello Peter and Team, What do you think about the first quarter results ? Thank you.

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Read Answer Asked by Norman on May 11, 2016

• Tricon Residential Inc. (TCN)
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Q: Hello 5i
Would you please comment on what is going on with TCN these days. Seems to be weak and not participating with market up swings. It has been in a downtrend since Aug2015 a recent purchase has me underwater and the stock price appears to be heading back to the 2016 lows.
Has something happened to this stock from the viewpoint of major investors - making it a sell?
Thanks
Dave

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Read Answer Asked by Dave on May 11, 2016

• Sienna Senior Living Inc. (SIA)
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Q: What are your thoughts about this company?
Thanks,

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Read Answer Asked by Jacques on May 11, 2016

• Northview Apartment Real Estate Investment Trust Trust Units (NVU.UN)
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• WPT Industrial Real Estate Investment Trust (WIR.U)
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Q: Incredible buying on reits to what appears to be extreme over pricing. So now it's the overlooked undervalued I seek.
I am looking at aar.un and plz.un as undervalued. Would you agree or could you suggest a few.
Thank you.

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Read Answer Asked by howard on May 10, 2016

• Milestone Apartments Real Estate Investment Trust (MST.UN)
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Q: MST.UN just released its Q1 results. Kindly give us an overview on those results and the future prospects. In particular the cash flow and the likelihood of an increase in distribution to the unit holders.

Should we be concerned about the slight decline in occupancy rates?

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Read Answer Asked by Victor on May 10, 2016

• Canadian Apartment Properties Real Estate Investment Trust (CAR.UN)
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Q: looking at replacing car.un by mrg.un , your thaoghts
Thanks

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Read Answer Asked by James on May 10, 2016

• WPT Industrial Real Estate Investment Trust (WIR.U)
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Q: Can you give me any information on WPT Industrial REIT ? I hold it for income.

Thanks for your excellent service.

Linda

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Read Answer Asked by Linda on May 10, 2016

• BMO Equal Weight REITs Index ETF (ZRE)
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Q: Noticed today the the REIT ETF was up 2% as were a lot of the major REIT's.

Any thoughts on why such as strong up day?

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Read Answer Asked by Sheldon on May 10, 2016

• Trez Capital Mortgage Investment Corporation Class A Shares (TZZ)
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Q: I have TZZ in my portfolio for income. With today's news is it best to sell now or wait for the end ?
Thanks in advance.
Francois

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Read Answer Asked by FRANCOIS on May 09, 2016

• Canadian Apartment Properties Real Estate Investment Trust (CAR.UN)
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Q: Hi Peter, what would you consider as a best reit to buy now for a long term hold of 3 to 5 years.

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Read Answer Asked by Ron on May 09, 2016

• Artis Real Estate Investment Trust (AX.UN)
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Q: Will the situation in Ft.Mac have any meaningful impact to Artis?
Your thoughts would be appreciated.
Thanks

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Read Answer Asked by Rudy on May 09, 2016

• Timbercreek Mortgage Investment Corporation (TMC )
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Q: Timbercreek Mortgage Corporation TMC
Hello 5i.
I am a holding of TMC bought at lower price. Today's news looks like a good initiative and beneficial to holders of TMC - company size, TSX exposure and reduction of fees paid.
Would you please comment on how a holder of TMC should interpret the news? What are your thoughts on TMC from dividend sustainability given it trades at an 8.78% yield today?
Current trading has investors indicating they do not like the transaction.
Thanks
DAve

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Read Answer Asked by Dave on May 06, 2016

• Temple Hotels Inc. (TPH)
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Q: As a follow-up question to yesterday, when you suggested TPH ... What could be the possible effect of the Fort McMurray properties to this stock? Out of a total 13 properties in Alberta, I note that 8 of them are situated in Fort Mac.

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Read Answer Asked by Sylvia on May 06, 2016