Investment Q&A

Q: Was wondering if you could provide update on this

Q: morguard now ownes 30% of temples issued and outstanding shares. what are their options and obligations now? stephen

Q: Could you please compare Riocan (REI.UN ) to Plaza Retail (PLZ.UN)?
Which is a better holding and why ? Thanks, Tim

Q: There has been a lot of talk about a housing correction in Canada. I am interested in your views of how this could impact the Canadian stock market and what would be the most vulnerable sectors and stocks? Also, would this tip us into a recession?
Thank you

Q: Good morning, a quick thank you for everything you guys do!

Just wondering your thoughts on Dream Global, I've been enjoying the dividend but would appreciate a more educated opinion of them.

Q: Is there any benefit to owning this US hotel REIT when the CAD starts to appreciate vs. the USD? Although the distribution is paid in CAD, they must do all other business in USD. If this is true, will there be any concerns if/when either currency makes a big move in the other direction?
(Thank you in advance for helping me understand details like this. My overall portfolio is taking a beating, but I'm definitely learning a LOT :)

Q: When will True North be taken over and therefore cease trading under the current symbol?
Thanks!

Q: i am selling a real estate property and want to put those funds into real estate and infrastructure investments.my question is in your opinion what is the better 10 year investment between a private limited partnership fund or diversifying between reits and public infrastructure companies on the open market.I understand about liquidity issues with the former and market sentiment on the latter.I would just like to hear your opinion on what direction you would think is best to take in this case?

Q: I bought H&R a couple of years ago and ok generally with the performance and growth in underlying property value and debt management. I'm curious why they haven't increased the monthly distribution in 2 years given that their FFO payout is under 70%. Any word or planned update to your rating for H&R? Thanks in advance.

Q: P/E is 3.1 and it pays a 6.9% dividend. Would this be a safe investment for a retired person looking for a decent yield?
Thanks
Cathleen

Q: Dear sirs,

Looking for your opinion on the recent weakness of this reit, specifically with rescpect to today's $.50 decline.

Thank you,
Brad

Q: Seems to be on a steady downward spiral and the dividend is getting high.Is this sustainable and forward prospects ?

Q: Hi guys, I still hold both First Service and Collier and would like to reduce the real estate portion of my overall portfolio. I would like to sell only one and would like your opinion on which of the two you feel has the best outlook going forward. Which of these two would you let go? Thanks, Mario.

Q: Hi Peter
What impact will a rate hike in the US have on the stock price of Canadian REITs? I'm wondering whether the potential hike is already built in????
Many thanks.
Wayne

Q: Could you comment on recent acquistions ,debt level etc going forward ?

Q: On August 26, 2015 you indicated that the price drop of npr.un is due to the confusion of the investors with respect to the merger of npr.un with the true north apartment reit.Further, you indicated that it is not a "bad" deal. Meanwhile npr.un dropped another 7% since August 26, 2015. So far the stock dropped 40% during the last 12 months.
Do you still advise your members to hold this stock? Is the dividend approaching 9% safe? Are there any other new developments with respect to this stock?
Thanks

Q: This thing is trading at a 20% discount to NAV and yielding over 8%. It's a portfolio of only 1st mortgages almost exclusively secured by income producing real estate. I know your going to say its size is small and therefore risky but I don't understand that? If I personally owned a couple of income property mortgages, wouldn't that be way more risk than a nationally diversified 275m portfolio of 1st mortgages? If the trading price fell much more, could shareholders push to have the thing broken up over the next 1-3 years as mortgages get repaid and capital returned to shareholders? Trying to understand the downside risk - even if rates increase, MTG has a short duration and its yield would increase as they could charge higher rates.

Q: Any news regarding takeover.Will the sale go ahead,I have voted for acceptance from broker,Any idea about disposition

Q: I have had a small position in Temple for a very long time. Although I missed opportunities to sell at a nice profit I have actually received more in income to date than my original cost.

I think that Morguards involvement is positive. If anybody can turn Temple around it would be them. Based on that I have advised my broker to exercise my Rights. It will still be a small position.

I do realize that the Hotel Industry is challenging at the best of times and it’s currently not the best of times.

One thing that I have noticed is that Morguard owns 6 Hotels in Ontario that could potentially be combined with the Temple holdings at some point.

Morguard has been very aggressive acquiring Rights and may not be done yet. They issued an “Early Warning” on Oct 21. I know that your opinion re Temple has not been positive. Does Morguards increased interest change your opinion?

At what point would Morguard be required to make an offer for the company? They are approaching the 20% threshold but it is not clear to me how that applies to an Institutional Investor,

Richard

Q: Sounds like the banks may be closing some branches over the next few years due to more digital banking- which REITS have a lot of bank tenants and may be affeected?
Thanks