Investment Q&A

Q: Has the dividend on the new entity been announced yet? If so, how much and if not, when do you expect it? Thanks.

Q: INTERRENT REIT HAD AN OFFERING RECENTLY. WHAT WAS THE PRICE AND IS OR WAS IT AVAILABLE TO THE PUBIC OR JUST PRIVATE INSTITUTIONS? CASH FROM THE OFFERINGS, WAS IT A GOOD THING OR NOT? WHAT IS THE REAL ESTATE THEY WOULD BE BUYING WITH THE CASH/

Q: Do you know why we got a 6%+ drop in this name on Friday? Did I miss something? Thanks for your help.
Dennis

Q: Do you have any information about how Chartwell is faring in the present crisis, compared to other companies in this industry? Are any of its residences among the 5 disaster cases in Ontario? What about in Quebec and the other provinces? In other words, is there information available that lets us assess how a particular long-term retirement residence company is doing relative to the others?

Q: I’m under water in this name. Do you recommend selling ,or do you see recovery in a year to 18 months. I’m wondering if I quite likely would be selling at the bottom. Also, do you know if there have been any significant complaints against the company?
Thank you.

Q: I hold this company and would appreciate your view on it as a buy/hold/sell at the present moment and supporting argument for this opinion. I know that while this is a Canadian company all its holdings are in the US and it pays its dividend in US dollars. I was surprised to learn that those dividends are subject to a US withholding tax. However, I believe that since this is held in a non registered account, the taxes can be recovered at tax time. Am I correct in this regard?
Thanks, Don

Q: What in your estimation would constitute a buy signal for BPY? Thank-you.

Q: I have significant realized losses in my non-registered account. I would like your recommendations on income producing securities that have a high level of ROC. I use this account for income and understand that ROC will be treated as a capital gain and therefore could be deducted from my losses before I would need to pay any tax.
Thanks
Rob

Q: Hello,
I wanted to get your thoughts (do you like the space) on Invitation Homes. Debt is on the higher side but it's an interesting concept that is meeting changing lifestyle demands by providing access to high-quality, updated homes with valued features such as close proximity to jobs and access to good schools.
Thank you,
Glen

Q: Hi Team, Thoughts on the Inter Rent equity offering please. Would you be a buyer of this REIT. I was thinking this could be good news that they will have the cash available to scoop up some bargains in the next year.
Rob

Q: What is your opinion and outlook on the above noted REITs? Is now a good time to buy? If you where to get into REITs now what order would you put the above companies in?

Q: Peter; CBC has just reported on a investigation by the armed fire es into LTC facilities in Quebec and Ontario that is quite terrible. Your premier is going on air shortly - seems to me this could cause disruption in those stocks. Do,you think it is serious enough for them to do a “ takeover” of the offending facilities for a period of time? Thanks. Rod

Q: Hi,
It is it a good entry point for KMP or will they be effected by the COVID-19 situation?
Also can you indicate the top 3 residential REIT, that would be safe to buy now?

Thank you

Q: Have held 1000 units of NWH.UN in non-RSP account since 2015 and the ROC is now about 1/3 of what I paid for it. Confused about ROC and how it helps me but I do understand the lowering of the cost base when units are disposed of. Faithfully track all ROC’s for all units held including SPB. I don’t depend on the income from the portfolio but I am in a 43 % marginal tax bracket as a retiree. So when do I dispose of NWH.UN?
Your Q&A database says that NWH.UN is small, has wide geo distribution and not much growth, the distribution is safe but amount is only so so. However, there is a lot of ROC. In this down market, my 2 other similar amount of REs are down also (CSH.UN and SIA, 35 and 44% respectively). Also, have similar amount of AD that is down 52%. I am about “even” on my gains and tax loss sales so far for 2020 taken early in January but could use some carry-back for last year’s gains. Thinking of a trade of selling NWH and AD and perhaps CSH and SIA, waiting the 30 days before buying AD back unless you could suggest a suitable alternative proxy for the interim (or just buy CAR.UN instead all in non-RSP). Or would best option be to let it simmer and revisit during tax loss season to see if any of these have sufficiently rebounded? Have I missed something? Maybe the best decisions taken are those decisions that did not have to be taken.

Q: Peter; Shopify just announced that all employees will be permanently working from home. Two part question - is this a trend that spells doom for office rental companies- should bpy.un be sold ahead of a curve that could develop. Thanks. Rod

Q: Your thoughts on the Fairfax/Kennedy Wilson mortgage platform. Is it significant to Fairfax. Thank You.

Q: As this is not your favourite In the sector or class, which would be best in class and valuation at this point in the stock market cycle ?

Q: Peter; Do you think the Brookfield Group, and other large corporations, would take the government’s rental support with all its qualifications, such as a board seat, warrants etc? Thanks. Rod

Q: Morning guys:
What do you guys think of this name ?
Thx
Mark

Q: Hello,

It would seem to me that although they cut there dividend, it is reasonable to think with there liquidity position and asset base they will be able ride out this storm ? Or, should I cut my losses and run ?

Thanks.