Investment Q&A

Q: I have had a 1/2 position in SCB for over a year now and am down 33%. That is fine if there is a good chance of a recovery, but your note to Darren a couple weeks back did not inspire confidence for 2016. Is it time to take the loss, or to bail.

Q: Slate has changed into almost total office reit since your last comment on this reit. TDWaterhouse has a buy recommendation with a 24% total 12 month return and rank it medium risk. Payout ratio is 85%. I exited H&R earlier this year and now wish to accumulate again in reits. Looking at the 2, how would you rate them on a risk/return basis.
As always, thanks

Q: I hold BPY, HR, TCN, REI, CIG and FSV. I have done well with all of them but am now wanting to cull the herd so to speak. It's not that the weighting is high for the group, I'd just like to keep a couple that would offer the best long term (5-10 year) growth opportunity. Can you help me pick 2 or maybe 3 to keep?
Thanks!

Q: I hold this stock and wonder if you would recommend a switch to another in the same space that you might recommend. I do own Mainstreet Equity. In August you said MEQ was a good company still. Thank you.

Q: hi- what do you think of Dream now? Are they investable now, or better to wait? What portion of their holdings are in Alberta? They seem to be moving into Ontario. Thanks

Q: I have been following WP Glimcher since it got a positive mention in Barron's. My main concern is their high level of debt. Your thoughts would be welcomed.

Q: Please comment on which REIT provides better value and yield going forward as follows (excluding exchange rate for BPY):
Brookfield Property Partners ($1.06 / $22.95 = 4.62 %)
Boardwalk REIT ($2.06 / $47.10 = 4.33 %)
Canadian Apartment REIT ($1.22 / $26.53 = 4.61 %)
BPY has had a good run in the last 18 months (+40 %) while BEI-UN has declined in the last year due to the oil meltdown. CAR-UN has seen less increase/decrease than BEI-UN.
I have had a good run on BPY-UN and need to trim a little for portfolio management. I am underweight on my allocation for apartment REITs and slightly overweight on office/commercial REITs in my portfolio.

Thanks for the great service.

Q: Hi Team,
I have a half position in CSH.UN. I like the space long term and was thinking of adding an equal weight position of SIA at this price.
Do you consider one better value than the other for dividend and share price growth or are they fully valued here? Is there much risk to the downside next 12-18 months?

Thank you

Q: Given the .61 MER of XRE I am considering selling it and replacing with three or four REITs. Which would you recommend?
One more question: I no longer own any property so what percentage of the total portfolio would be reasonable for an allocation to the REIT sector?
Thanks as usual.

Q: Peter: It was good talking to you on the TV yesterday and getting your advice on Vermillion. As a result, I added to our position. Now, can I have your thoughts on two US real estate plays, HOT.UN and MST.UN - Thanks, Ted

Q: I am thinking of investing long term (10-20 years) in a REIT and was wondering about your thoughts on Northview apartments. Which recently was a merge between Northern property REIT and True north apartment REIT trust.
Since it is at a 52 week low, I was wondering if it is a good time to get in. Else do you have other suggestions for REITS.

Thanks,
Andrew

Q: Hello would you hold this stock for the long term meaning two years plus? Despite the recent decline I am still up over 20%. Wonderful service, thank you Bill

Q: How does an investor recognize tax loss selling? Is Northview a victim of tax loss selling? The yield is very tempting, how safe would it be? Thank You Ron

Q: What is up with Dream Office? Yield in now 12.42%, it has fallen over $3 in the past month. What do other people in the market know that we don't? Is the dividend reasonably safe?

Joe

Q: I am retired and my portfolio is set up for income with some growth, I believe it to be well diversified. I also believe I could use some more exposure to REITs, RioCan and HR combined make up 3% of my portfolio. I have been considering bringing Reit exposure up to 12% by adding Boardwalk and Dream with each of the four holding at 3%. Most of the cost will come from cash and the sale of a portion of my CPD units with the balance coming from some needed clean up.
I would appreciate any thoughts, comments and input.
Thanks for you guidance,
Brian

Q: Could I please get your current view. They have increased their distribution 13 years in a row. Is this a good solid long term investment? Thanks

Q: What do you think of their latest results, and is this a good company for income and growth.

Q: Hello Peter/Ryan,

My RIF has one annual payment due mid Dec. I have narrowed the source of funds to either XHY, of which there is a large holding, or MRG.UN which also is a fairly large holding. The overall REIT holdings across five accts is 4.7%. The overall holdings of XHY and other high yield bonds is about 6%. Either choice will still leave a fairly large holding (dollar value) of the selected stock/ETF in the RIF

I am inclined to make the withdrawal from XHY as perhaps MRG.UN will provide a bit better return in the year(s) ahead. Do you agree with selling some XHY or would you recommend I sell some of each?

Separate point: Would it be possible to put the Model and Income portfolio stock listings in alphabetical order for next publication (either by symbol or by name).

Many thanks. Bob

Q: Because of its size BTB.UN is somewhat risky.On Nov 16 they issued $25M worth of convertible debentures which is another negative.I've done pretty well by it over the years but this latest placement makes me nervous.Would you consider selling it or selling it & buying the convertible debentures or standing pat.It is less than a 2% weighting or in my portfolio.Thanks as always,team.

Q: I bought shares in the above in an DIY investment account forgetting I had
holdings in both elsewhere.Is it reasonable to sell both at a loss to free up some cash for investment elsewhere to achieve more balance in my portfolio and to use losses as a tax loss(both are in a nonregistered account)?
Thanks so much for your help.
Sam