Investment Q&A

Q: Good Evening
I am an income investor, early 70's. I have a 15% holding in a diversified REIT portfolio. My holding of D.UN is 2.5% of my total portfolio. At what looks like a bargain price today would you advise an increase of 1 to 2% to D.un?


Thanks to All

Q: Huge tax loss selloff today and now trades at 40% discount to NAV. I have owned this for about 7-8 years and am strongly considering averaging down (I own a basket of REITs). The selloff seems way overdone, would you agree? Thank you.

Q: Dear Sirs,

I sent a query near the end of last month regarding the price decline of CAR.un At that time you had attributed the decline to unusual month end trading on lower volumes - since then the stock has declined approximately $2. Do you have any additonal insights that might help explain the subsequent decline and as well does this current price represent a good entry point.

Thank you,
Brad

Q: appreciate an update on this company...
and your comments on the safety of the dividend as well!!
ed in pointe claire

Q: Hi 5i team, Please give me your view on the results from HOT.UN. Does this holding have much opportunity for share price appreciation or is it just an income play? Do you prefer something similar instead? Thanks Rob

Q: Could you comment on the synergies here,seems the market doesn't like it?

Q: I own the following REITS for income: DIR.UN, AAR.UN, SRU.UN, AX.UN, HR.UN. I own about the same % in each REIT, and they are in balanced proportion to the rest of my portfolio. I have no intention of adjusting my total REIT proportion as a whole, but rather treat them like a home-made ETF. I will hold for a long time frame, can weather some dips, but, I only want to hold high quality REITS and preferably nothing in Alberta in case oil companies have to start letting their office spaces go. Could you comment on my list for quality, and suggest any you would see as a sell. Would it be better to cut down the number of REITS and add the funds to one or more of the others? Or, on the other hand, is there something I am missing to complete my "ETF". Thanks very much.

Q: What is the current price to NAV ratio of ZRE? As an alternative, can you recommend a couple of high quality reits that are currently trading below NAV or at least not much of a premium?
Thanks

Q: Hi Peter & 5i Team,

Considering your reply and (I believe) your view that interest rate rises aren't coming to Canada any time soon (and probably not substantial rises)
>> 5i Research Answer:
>> D.UN is a fairly sizeable REIT at a good valuation. It had a >> good third quarter, with solid occupancy of 92%. The payout >> ratio is fine at 80% and cash flows are supportive of the
>> dividend. We would be fine with a long term hold here.

What would your opinion be for a current, half position, holder considering accumulating more of D.UN (current REITs are 3.5% of overall portfolio). I sense a lot of negative sentiment in the REIT market but I generally have a positive, longer term view.
I'm considering initiating a half position in CSH.UN as well before year end but in no rush to commit to these purchases.

Thanks, I eagerly await your valued opinion.
Mike

Q: ho folks:

in feb 2011 i purchased this at $30.30 (in rrsp)

-- the income rec'd is very close to the drop in capital value

-- ie, i have rec'd about 2k in income and the shares are down about 2k - so i am about breakeven (ish)

question: understanding the oil/alta problems; am i better to sell and buy say a SIA/EXE or ZRE/XRE or ??, OR is D.UN a blue chip that is suffering unduly?

sell, or hold and wait for eventual recovery?

this is my only real estate holding

thanks

Q: Do you have an opinion on Vtr?
How does it look on metrics?and what is the market telling us as the stock is on a downward spiral.
It seems to have great diversification in the right space

Q: comments on latest results.

Thanks

Q: Surprised by the drop in price after what appears to be solid results. Something I am missing maybe no dividend increase.
Thank you for your comments.

Bob

Q: Hi In May of 2013 the US had started to telegraph the raising of interest rates. Most income stocks like REIT's were hit hard for an extended time. Do you think that in Dec when it is possible for rates to rise that we may see the same scenario again.

Q: Hello Peter, I bought this REIT a couple of years ago (admittedly blindly, just on some positive comments from J-F Tardif). I've been quite happy so far as, while the gains have been modest, it keeps paying out an almost 9% distribution without a lot of drama. Have I just been lucky so far? Can you offer a brief assessment of this REIT please, including its payout ratio and if you see anything that suggests I should take my gains and apply them elsewhere. Thanks in advance!

Q: Whats is your thought on this reit they increase dividend 3.3% this quarter.

thanks

Q: Hi Peter & Team,

I would like to increase my REIT from 4.5% to 6% in my RRIF portfolio(Equally divided between ZRE and XRE) and notice that both do not have CSH.UN and FCR
Questions
a) Is it good time increase position in REIT?
b) GAZIT owns 42.8% of FCR, how do you view this?
c) Which one will you choose?
Thanks

Q: Is its fall the malaise of the reit section,its dividend is now 11 percent.Is this at risk ?

Q: Can you give us the top 3 quality REIT names to hold for long-term income?

Q: I own some shares of CRR.un.p/p $13.50,1.3% of my portfolio. Please your expert opinion on 1) its result released today & 2)hold,buy or sell.Appreciate your usual great views & services.