Investment Q&A

• Summit Industrial Income REIT (SMU.UN)
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Q: Could you comment on the sale of Summit, including:
1) is this largely a done deal?
2) are shareholders being bought out for cash, with no option to obtain Dream
Ind. shares?
3) proposed closing date
4) do you think other offers might be forthcoming?

Thank-you, Grant

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Read Answer Asked by grant on November 08, 2022

• Dream Industrial Real Estate Investment Trust (DIR.UN)
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Q: Hello 5i,
Will Dir.un have to raise cash to close its acquisition deal? If so, what’s your best guess on when they’d have to do this. I recently tax loss sold Dir.un and think it better to wait on finance info to repurchase.

Tia,

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Read Answer Asked by Kat on November 08, 2022

• Granite Real Estate Investment Trust (GRT.UN)
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• Summit Industrial Income REIT (SMU.UN)
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• Dream Industrial Real Estate Investment Trust (DIR.UN)
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Q: I own grt, smu and dir. I notice that dir and grt are up very strongly today (so far) coinciding with the take-out of smu (announced today). I know you don't give personal advise, however, in principle, do you think it might be time to sell dir and especially grt while their share prices are inflated because of this take out? Perhaps buy them back later when their prices come back down?

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Read Answer Asked by arnold on November 07, 2022

• Summit Industrial Income REIT (SMU.UN)
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Q: Would there be a superior offer coming on this acquisition by DIR.UN?

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Read Answer Asked by OSCAR on November 07, 2022

• Summit Industrial Income REIT (SMU.UN)
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Q: I own SMU.UN which as announced today , will be bought by GIC and DIR.UN . It is up today by 26%. Would you sell it now or wait until the deal goes throught for a futher upside of about 4%

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Read Answer Asked by Lakis on November 07, 2022

• Granite Real Estate Investment Trust (GRT.UN)
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• Dream Industrial Real Estate Investment Trust (DIR.UN)
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Q: Just read that SUMMIT is being taken over. Fortunate enough to own both Summit & Dream Industrial in my TFSA along with HOM-UN-T and TCN along with Interent, Killam . Thinking ahead what would you suggest I replace SMU with in the Cdn Reit space?
Thanks David

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Read Answer Asked by David on November 07, 2022

• Summit Industrial Income REIT (SMU.UN)
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Q: Peter; I assume this is a “ friendly “ deal - plus when is actual closing? Hope it’s 2023 re taxes. Thanks. Rod

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Read Answer Asked by Rodney on November 07, 2022

Q: My question is not stock related but hopefully you can help. In the current buyer's market for real estate, would you buy first or sell first?

Thanks

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Read Answer Asked by KIM on November 07, 2022

• European Residential Real Estate Investment Trust (ERE.UN)
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Q: For ERE.UN, on Nov. 4 2022, you commented that CAR.UN owned 11% of the outstanding shares. But when I look on SEDI, CAR.UN reports owning 152,237,821 shares. I calculate that to be 65.66% of the shares rather than 11%. Can you please explain/clarify. Thanks

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Read Answer Asked by blaine on November 07, 2022

• Dream Industrial Real Estate Investment Trust (DIR.UN)
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• Trisura Group Ltd. (TSU)
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Q: Hi There,
I am considering taking up a position in either DIR.UN or TSU.
After TSU's recent run up, which of the two would be your preference for a 3-5 year hold at current levels?
Additionally, in your opinion, what is the likelihood the the federal government will change the tax rules around REITS in the short term?
Thank you.

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Read Answer Asked by Kevin on November 07, 2022

• European Residential Real Estate Investment Trust (ERE.UN)
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Q: the company has come down a lot , sure that being a small company and in Europe are negatives , but since it is somehow protected by CAR.UN , what is your opinion ?, will CAR.UN let them down if things get too harsh ?, is it a good price to get in ?, or better wait until all the bad news settle in H1 2023.
thanks !!

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Read Answer Asked by Alejandro (Alex) on November 04, 2022

• Dream Industrial Real Estate Investment Trust (DIR.UN)
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Q: Wondering your thoughts on there earnings this quarter

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Read Answer Asked by Sam on November 04, 2022

• Chartwell Retirement Residences (CSH.UN)
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Q: At this extremely low price,in a RRSP,is it risky to keep this stock ,or is it an acceptable option to keep it for longer term and dividends ?

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Read Answer Asked by Jean-Yves on November 04, 2022

• Dream Industrial Real Estate Investment Trust (DIR.UN)
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• Life Storage Inc. (LSI)
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Q: Thanks for the recent report on DIR.UN.

What is the current FFO payout ratio, and is it sustainable in a prolonged stagflationary environment should it occur ?

I was thinking of pairing this REIT with something in the Self Storage sector such as LSI. Would this be a good plan, or is there a better REIT pairing ?

In general, I thought REITs overall would be performing better in this current bout of inflation. Is it all about interest rates?

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Read Answer Asked by James on November 03, 2022

• Allied Properties Real Estate Investment Trust (AP.UN)
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Q: Allied reported their third quarter results recently, I find the financial statements supplied by REITs somewhat complicated and challenging to interpret, so my question is twofold can you comment on their results and what you look for in financial statements from REITs in general.

Thanks

Peter

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Read Answer Asked by Peter on November 03, 2022

• eXp World Holdings Inc. (EXPI)
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Q: What are your thoughts on EXPI after todays earnings release? The stock has been punished this year with interest rate hikes impacting real estate markets. Does it look like a company that will do well when it comes out of this and real estate picks up or have the fundamentals and story changed here? Is this an add while its down or hold and do nothing?thx

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Read Answer Asked by Adam on November 03, 2022

• Douglas Elliman Inc. (DOUG)
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Q: Could I have your thoughts on this company as a mid-term (3+ yrs) hold in an aggressive TFSA.

Thank you!

Marc.

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Read Answer Asked by Marc on November 03, 2022

Q: I phoned TD Waterhouse last month with a question and heard a baby crying and a dog barking in the background . I have heard stories about staff in the public service preferring to continue working at home . I have a friend at in a Fortune 100 co. who has been working from her home work station . If this carryover continues , will tenants be reducing their commitments to major landlords as their space needs are reduced ?

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Read Answer Asked by Thomas on November 03, 2022

• Dream Industrial Real Estate Investment Trust (DIR.UN)
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Q: Hi 5i
I see you've added DIR.UN to the reports. That's good news.
I bought Dream Ind. 6 years ago because of your OK comments about Dream at that time. I'm up just over 100% and have nice dividends. So thank you very much Peter.
Do you have any other industrial reits that you feel are OK ?
Thx for your hard work
Gerry

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Read Answer Asked by Gerry on November 02, 2022

• Allied Properties Real Estate Investment Trust (AP.UN)
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Q: I like this company but I am down right now. Would you recommend a tax loss sell and buy it back in 30

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Read Answer Asked by Bill on November 02, 2022