Investment Q&A

Q: Hi, Peter and Ryan.

I hold AAR.UN (PIRET) and noticed that they issued a press release concerning an acquisition (which appears sound) and then a trading halt was issued, and then trading resumed. There was a relatively large price drop for an otherwise relatively stable stock. Can you explain the reason for the trading halt and whether I should be concerned about this stock? My own speculation is that the company may issue units at a lower price to pay for the acquisition.

Thank you,

Q: Hi Peter, It seems to be getting more and more difficult to assign categories to stocks as some of them have attributes associated with different sectors in terms of interest-rate/business-cycle sensitivities. For example, DH has elements of Consumer, Financial and Technology in it and EH is half Financial now. My question is, how much connection, if any, would you accord to REITs and the consumer? REITs are not all equal, so please use Riocan (REI.UN) and CAP REIT (CAR.UN) as examples. Thanks as always. Henry

Q: Hi guys,
I've held KMP for about 2 years and down about 15% in regular account. I'm thinking about selling my 700 KMP shares and buying 300 shares of BPY.UN to maintain real-estate exposure. Or do you have another thought or suggestion? I also own some AP.UN and happy with what they are doing.
Thank you for all your help!
Brent

Q: Good morning!
I’m wondering if there are any relatively solid income stocks that would be correlated to the Canadian housing market. Ideally such a stock would have a reasonable dividend, the higher the better, perhaps in the 4% range as a minimum to at least match mortgage payments. If housing prices went up, it would rise accordingly. In theory, this would be a hedge for someone deciding to rent instead of owning a house, and the renter would then not lose ground against a higher housing market.

Q: Hi Peter & Team: I currently hold both BPY.UN and HR.UN in my portfolio. Would you continue to hold both and if not, which would be your preference.

Thank you

David

Q: Hi Peter,
Our portfolio is comprised of five accounts. Within the portfolio we have 12.2% in finance plus another 8% in REITS. The strictly finance stocks & percentages are:

MKP 3,5% (in TFSA & RIF)
BNS 3.1% (in Inv acct)
GS 2.4% (in Inv acct)
TD 1.6% (in Inv acct)
EFN 1.6% (in Inv acct)

Question: MKP is probably a bit weaker company than the others. Would it be reasonable to switch it for SLF, and would SLF provide a similar overall return to MKP over 3 – 5 years? Or do you have a different suggestion as a MKP replacement? Or would it be reasonable to keep MKP, which has provided a great distribution and a small CG.

The REIT holdings are:

HR 3.2% (in TFSA & RIF)
MRG 1.9% (in RIF)
REF 1.6% (in Inv acct) (CG of 125%)
AP 1.3% (in Inv acct) (CG of 150%)

Question: Would you make any change to the REIT holdings in the TFSA and/or RIF?
If the overall finance holdings are a bit high, perhaps the sale of a TFSA/RIF REIT would be appropriate to make room for a material stock. The only portfolio holdings in materials are MCR and G.

Many thanks. Bob

Q: hi again; rmm what is your take on it thanks brian

Q: hi experts; what do you think of nwh.would you buy it? thanks brian

Q: There seems to be increasing negativity concerning d.un, because office space in both Toronto and Calgary is being overbuilt. Is it time to hit the exit. Thanks/Mark

Q: Do you classify REITS based on their underlying business or are all REITS classified in the same sector in the TSX?

Q: We have AX.UN and REI.UN in our portfolio. Would you think it wise to drop one of these in favour of AAE.UN? If so, which?

Q: Hello 5i,

Do you folks have an opinion on Lexington Realty (LXP) for a long term hold.

Thanks

Q: In researching MST.un I discovered the reit operators have an external contract. Why is this considered bad and an internal contract good?

Q: Hello 5i team, I have a small position in BRP ( Brookfield Residential Properties) with a 37% capital gain in a registered account. The shares have trended down in the last 6 months. Should I be patient and hold or look for a replacement. If I were to sell what would you suggest I replace it with? Thanks as allways.

Q: What is your opinion about BPY.UN?Comparing with CREIT <(REF),which one you prefer.I appreciate your comment and have a good day.ebrahim

Q: Hi Team
Good job what is your take on LW & Acr.un

Thanks MIke

Q: Any thoughts on Artis' (AX.un)slow but steady slide over the past few weeks?

Q: Hi Peter Riocan received a downgrade this morning on BNN are you aware of this?REI.UN Is a core holding for me would you move to something different on this news .The stock today is down but barely.
Kind Regards Stan

Q: Greeting, Peter & Co.
I am looking for a healthcare type REIT which could benefit from the demographic shift coming from the baby boomers. I am considering Northwest Healthcare but I would value your recommendation(s) for this sector of the market.
With appreciation.
Ed

Q: Could you compare Morguard( MRC) and First Capital Realty (FCR)? They both get a B+, and have very different client bases and dividends.

Do you have any concerns about FCR being a mall landlord in times when e-retailing is on the rise?

Thank you all! I wish we could get such straight talk from our politicians!

Marilyn