Investment Q&A

Q: I heard there was a study published a few months ago by Royal Bank that concluded investing in REITs was more favourable than purchasing residential real estate directly. I find this hard to believe if you factor in the benefit of leverage. Would you be able to provide a link to this study?

Also, based on a recent TD Research report CAR.UN and MRG.UN are recommended as buys for residential REITs. I like that they have relatively low exposure to the Western provinces with MRG.UN having US exposure. Please give me your opinion on these two REITs.

Thank-you.

Q: CHC Student Housing offered new shares yesterday, at a yet-to-be-determined price within the range $8.50 - $10.00. They also announced the implementing of an approx 5.2% dividend. This offering sold out very quickly (10 min on my iTrade account) and so I did not have time to buy any of the offering.

This morning, I note that it is trading at $8.42 (albeit with very low volume), below the lowest value of the range. Since the offering seems to have been very popular, I would have expected trading at a much higher price.

Is it a good buy today at $8.40 - $8.50?

Thanks!

Q: Hi Peter and staff
I own NPR.UN and have not liked the price drop from when I bought it but with low payout ratio, I was prepared to wait it out hoping that if Alberta picks up so will it. I am now considering bailing out in favour of REF.UN.
Thoughts?
Thanks for all you do
Dennis

Q: Hi !, I owned alot of RLC for income the stock is getting taking out at 12$, should I move to CSH.UN and ACC.TO , ACC.TO could be the next target it seem.

thanks.

Q: Today I read the following report on Stockhouse.....

"Retrocom Real Estate Investment Trust (the "REIT") (TSX:RMM.UN) announced today that it intends to reduce the REIT's annualized distribution from $0.45 per unit to $0.30 per unit. The new distribution would represent a Funds From Operations ("FFO") payout ratio of 70.8%, compared to 106.1% as reflected in the REIT's first quarter reporting, and would represent a yield of 8.3% based on the June 16, 2015 closing price of the REIT's units on the TSX. The REIT also announced that it will be changing its name to OneREIT in the coming months."
What are your thoughts on growth with this considerably reduced payout ratio ? And what is your opinion on the quality of their existing property portfolio regarding safety of the new reduced yield ? And your thoughts on the company in general relative to reits with similar yields ? So far I'm inclined to take a position in D.UN or CUF.UN based on questions I asked recently but the reduced payout ratio for RMM.UN interests me from a growth perspective.

Q: How do you think the market will react to RMM.un`s distribution cut announced today at the AGM.
http://www.bnn.ca/Shows/The-Close.aspx?spMailingID=11985283&spUserID=NDMyNDYzOTYzMDgS1&spJobID=523590000&spReportId=NTIzNTkwMDAwS0
thanks

Q: Both Dream and Cominar's dividends are about 9%. Would you consider then a buy, sell or hold at this time in light of the prediction of higher interest rates in the future.

Q: Could you give me your view 6-12 months for hwo and crr.un

Q: what do you think of management hiring an outside source to sell some or all the company would this be a good time to buy. thanks.

Q: I'm considering adding one of these to my portfolio. D.UN has the higher yield but has significant exposure in Alberta. DRG.UN has significant exposure to one tenant, Deutsche Post. Which do you consider the better investment and why ? Both appear to be trading midway between their year high and low Or do you feel another REIT would be a better choice for safety and yield ?

Q: on 6/10,INN.un stated that it is filing Preliminary Base Self Prospectus for a 25 mo. period for max.$500m for future growth opportunities including acquistions,capital expenditures & repayment of indebtedness.Please explain & its effect on its stock price.Thanks for your normal great services & views

Q: I apologize if you have already answered this, but I can't find it. Given that the TSX will be moving Chartwell to the Healthcare sector, do you think that is an accurate allocation when trying to build a diversified portfolio? I'm inclined to leave it in Financials as a REIT. Would you agree, or should it comprise part of my Healthcare component?

Thank you.

Q: Have been doing some research on this company. Looked at fundamentals on both TD and BNS and found it odd that the figures differed greatly. Is one more current than the other, and how does one determine what is right/wrong? Am interested in this stock but would like a little more accurate information on their financials and management effectiveness. What are your thoughts? Many thanks.

Q: New to 5i and very good information.

Please could you give opinion on Nwh.un Northwest healthcare properties.
I have a position and was wondering if it's worth holding or sell and invest elsewhere.

Thanks

Q: Do you see any obvious reasons that i should avoid buying independence realty trust? I noticed that the debt level is high. The analysts seem to love this stock.

Q: Peter et al, I bought 250 BPY at $23.26. I am thinking I should buy some more as you seem to like the Brookfield group and its P/E ratio is low. Your thought pls on this. Thanks in advance.
Gary

Q: FYI for Members:
Christine Poole (Globe Invest)just brought up on BNN the fact that in mid June Chartwell will be moved from the TSX Reit Sector to the Healthcare Sector and she considers some of the pressure on the stock price is due to index selling in preparation for this event.

Q: any reason for such drop

Q: Melcor is a small player in the REIT sector, seems like a well run company, pays a decent dividend. My question: is Melcor solid enough to withstand an increase in interest rates when rates start to rise and is it a long term buy for a retirement portfolio. Carl

Q: HR.UN is down below the point at which it announced a share buyback (on June 4.) Is this a 'sell' signal?