Q: RLC recent results look very good, with strong growth in Rev, NOI and AFFO. They have announced another fin/acq. at $7.65. I know you are critical of serial financings but if the growth is there and distributions are solid , would you not recommend at this price? thanks
Q: OK, I'm confused. Have looked on Globe and Mail and TDWaterhouse to get info on Dundee International DI.UN. Both have indicated this does not exist. My understanding this is listed on the TSX, if not, where is it listed?
Q: Hi Peter & Co.
I noticed that the stock price of Genesis Land Development of Calgary had a substantial rise in April then fell off a bit and is now approaching the highs again. Can you shed some light on this recent positive market action and would GDC be a buy now?
Q: I am seeking your comments on Dream Global REIT, DRG.UN.
I came across this stock in my browsing. It has a tempting dividend. It is international exposure through a Canadian vehicle. Can this be held in an RRSP? What risks do you see?
Thank you
Q: Peter and Co.
Wayne asked about CI financial(CIX) today 15 May. In your reply you mentioned that Scotiabank (BNS) had bought Dundee of which I was not aware. I also read approximately 3 weeks ago that the Dundee companies were hard to analyse/understand. I wonder if you could give me your opinion of Dundee. I have DI and D. Thanks in advance. Your work is very much appreciated.
Gary
Q: REITS
Hi There
Leaving aside sector type and geography, which are the three or four most important financial parameters in assessing a REIT for sustained income and a little growth and what would be the limiting min or max values?
Thanks as always.
Q: An offering of Artis REIT ( AX.UN ) came up yesterday , but it didn't sell out in the usual 10 minutes... I bought some a position at less than market and I notice it is still on the New Issue list this morning ( which surprises me ) . 6% yield . Are people justifiably shy of Office Space REITS ?
Q: I am thinking of switching from MRT.UN to MRG.UN to convert from an office/retail focus to a residential one with the view that future interest rate rises might be better absorbed by the residential sector. I would appreciate your view of this exchange.
Q: PLZ Plazacorp. It has been almost 6 months since you commented on Plazacorp, and given that interest-sensitive stocks/units have come somewhat back into vogue in that time, is Plazacorp a solid, long-term investment today? Thank you as always...
In response to Ben's question about REIT or corporate structure, I believe the main reason is one of income tax. The REIT structure passes the tax liability to the unit holder and therefore the pension plans would not pay tax on the higher income they receive. They don't pay tax on the income from a corporation either, but the corporate entity does.
Q: That was a great presentation on Tuesday. Well done. While I have you could I have an update on TZZ. I see it has broken to new lows, however I can not find a reason. Thanks in advance.
Q: Any thoughts on northwest health care? NWH.U.N looks like a stable business, 8% yield,trades at 10.5x.
Is the fear of rising rates holding it down? Seems kind of puzzling.
Philip
Q: Hi There
I am thinking of replacing one of my long time (2002)holdings (2%) CAR.UN with MRG.UN. CAR has not increased its dividend very much over the last few years and appears to be stagnating from what I can glean. MRG appears to offer better metrics and better growth, as well as exposure to the US apartment market. I would appreciate your comments.
Thanks as always
David
Q: What are your thoughts on Brookfield Property Partners (BPY-UN)? I have been hesitant to get back into the REIT's considering interest rates have nowhere to go but up, but Brookfield has some excellent properties.