Investment Q&A

Q: Hi 5I
I have my rent coverage in TCN. IIP.un, O, and IIPR. The portfolio weighting is fine, I believe(3% total). I am happy with the growth and payout of TCN & IIP
Question: I noticed your preference is to ZRE for income. Should I consider switching into ZRE going forward(TCN for ZRE)? Any other comments are appreciated.

Q: AMT is a long time stallworth being pounded, like many others. But how would you feel about it's valuation in this peculiar market? Wait for it to consolidate?

Q: are they're currently any heath care reits that stand out and are worth investing in ?

Q: I'm overweight in real estate. Which would you sell and why?

Q: Good morning Peter, Ryan, and Team,

With interest rates set to climb, do you believe that “residential” REITs/Real Estate stocks like CAR.UN, IIP.UN and TCN should be over-weighted in one’s portfolio? My thesis is that less people will be able to buy a house in an already overheated real estate market, forcing them to consider renting an apartment or home. (I assume that real estate is also overheated in the US when including TCN) Do you concur, and if so, can you suggest any additional names? Thanks.

Q: Hi,
I try to follow your metrics where I can. I think you usually recommend using forward earnings for PE ratios as the market looks ahead. In your answer to Cal on CSH.UN you referred to earnings for the year just ended to give you a PE of 20. Your database shows a PE of 746, which I believe is trailing as well. Did you mean the year ahead to get a PE of 20 or maybe I am missing something?
Thanks.

Q: In the answer to my question for CSH.UN you wrote “It is 20X earning”. Would you please show me how 20X was calculated. Thanks … Cal

Q: I did not find the percentages of office ,residential,retail,industrial,etc... properties on the website of this Cie (for Covid 19 concerns).
Considering their assets distributions ,pandemic context,and financial situation and results,is this Cie still a safe investment ,including dividends ? regards Jean-Yves

Q: I have 3 question concerning CSH.UN. 1) What is i5Research financial thoughts on CSH.UN? 2) Would you rate it is a BUY, HOLD or SELL? 3) If rated as a hold at what price would you consider a time to buy? Thanks … Cal

Q: Hi,

I would like to add an ETF/Split Share that provides a diversified REIT focus. I am also desiring income / over growth. One such ETF/Split Share is Real Estate Split Corp – RS. Are there others that could be considered and if so how would you rank each, including RS?

Thanks Len

Q: What is the difference between BEP and BIP? Aren't they both in utilities sector? Why does BAM feel the need to have 2 subsidiaries which focus on the same sector? Would one's portfolio need exposure to both?

If one is to hold only one infrastructure/utilities company in one's portfolio, which company would you recommend? BEP vs BIP vs any other suggestion that you think might be worthwhile? If it helps the answer, my risk tolerance is high and time line is 3-5 years.

Thank you for your guidance.

Q: Would you consider apartment REITs as good inflation hedges? Rental rates and property values should presumably increase in an inflationary environment. However, the currently low dividend yields on these REITs, I assume, could cause some weakness in a rising interest rate world. What's the right way to look at these? Thank you.

Q: As a result of the spin off of the enclosed mall portfolio from HR.UN, I now hold shares of Primaris Real Estate PMZ.UN. The holding is much smaller than I normally hold and I am debating whether to sell it or top it up. A press release from PMZ.UN indicates that the present share price of PMZ.UN, about $13.50, but quite volatile, is significantly less than the net asset value per unit NAVPU of about $22. This implies that the potential for the share value to rise in the short to medium term could be quite high. However, the estimation of NAVPU must be a black art in the present market conditions for enclosed malls. My questions are: (1) How are such NAVPU estimates, which are non GAAP numbers, actually made and how valid are such estimates? (2) How high on the risk scale for REITs is PMZ.UN relative to, for example, REI.UN or SRU.UN ?

Q: What is your viewpoint of this company. Buy sell or hold?

Q: I do not own any REITS but would like to start. Could you give me 2-3 Canadian REIT picks and would you include HR.UN after the big drop yesterday?

Q: Hi Team,
This new REIT spin off from H&R is it worth to start a small position ?
Thanks as always,
Tak

Q: Could you please give your opinion on whether or not the price drop today is justified and why. Many thanks.

Q: What seems to be the cause of many REITS (mostly high flyers for example SMU.UN and DIR.UN) to have such huge pull backs in the last two trading days?

Q: I want to add funds to my real estate holdings, as well as refine it for maximum sector diversification.

My current holdings are DIR.UN, EQIX, DLR, CAR.UN, GRT.UN

On my watchlist for this sector are TCN and CCI

Can I get your opinion on:

1) Are there any redundancies in my current holdings and if so, what could be sold?

2) Could you rank my current holdings for which to add to - first to last?

3) For proper sector diversification, would TCN and/or CCI be good additions? Or is there another real estate name you would suggest?

Thank you as always for your sage advice!

Doris

Q: Which would you select at this time for a TFSA …Tricon or Granite REIT in the real estate area.