Investment Q&A

Q: What ratios do you rely on to assess whether a US REIT is fairly valued. Please give some heuristics that you have found generally reliable. I am looking for at least some specificity, for example:
Price to FCF should be less than .....
Price to BITDA should be less than .....
Debt should be .....
Interest cover should be ............
and so on (please do add, thanks)

Q: I have 2 REITS in my RRIF, CAR.UN and CSH.UN. Both have been held for many years. CSH.UN considerably underperforms and I have decided to sell. What could I look at as a replacement in real estate space or just add to AW.UN. Thoughts please. Regards, Ted

Q: Hi Guys. Any thoughts on why this stock has been hit so hard of late? Seems to be far worse than its peers...is this industry or company specific? Thanks.

Q: Have had this on my watch-list for awhile now and would love your analysis as an alternative to pot in general and do you think it has the ability to get back to its high of $140 or was it just the pot hype that drove it there.
Thanx Gary

Q: In a response to Maureen today you listed Artis as one of two picks for a reit with a dividend over 3.5%. With all the reits out there, most of which pay well over 3.5%, why Artis? Would you please explain your reasons.
Thank-you

Q: What are your two favourites REITS today? And, what are your two favourite REITS today with dividends >3.5%? Thank you.

Q: Could you compare the debt levels, payout/dividend sustainability and future direction of these two reits. I have held CRT for a bit over a year and done much better than expected, but wonder if I should just take my gains and move on. I'm looking at CRR, which seems to be more diverse (good or bad?) and has a bit of movement into residential, as well as a higher dividend. The CRR price is down at the moment with the new issue. CRT is my only retail reit. It is not a large position, and is held in a non-taxable account.
Thanks

Q: Hi,

In an otherwise well balanced portfolio, with a slight tilt towards growth I do hold the above REITs for income. As part of a new investing philosophy (to me) I'm aiming to reduce my equity positions from 33 to 23 over this year. Thus, I need to sell one of the above and re-invest the proceeds in the other three. With an eye towards income preservation (ie. sustainability of dividend) and growth, which of the above do I sell?

Cam.

Q: What is your opinion on this new issue

Q: Another loser in my RRSP thanks to lack of pipelines. Dump or hold on?

Q: Which would be your preferred reits that are invested in rental units?
Thanks

Q: Could you expand on your answer to Craig on Dec 30.

How much exposure does ERE have to Europe and how much of their debt is sourced in Europe.

Thanks, Fred

Q: Morning folks:
What is your opinion on this reit? Would u buy at the present level for a long term hold
Thx
Mark

Q: Any thoughts on why the recent surge of trading volume at BPY? Where does such a volume increase come from? Why now?

Thanks

Q: I'd like to add a few REIT's to my portfolio, I'm looking for long term income. What are 3 or 4 of the very best REIT's that you would recommend? Also, what % allocation (all REIT's combined) would you see as a target for a moderate aggressive investor?

Q: What do you guys think about buying and holding Choice Properties REIT forever? This REIT is supported by mainly grocery stores that will never go out of business.

I just don’t see how there could be much downside to a stock like this. I was planning on buying about 200 shares a year for the next 10 years.

Thank-you

Q: Recently there was a negative comment about Governance at NVU at a BNN Tonight market call (Jeffrey Olin) . In past November 5i team made the comment that valuation was attractive (price=30), now price is slightly above 31, Do you agree that Governance is an issue ? and do you still believe that valuation is attractive ?, TDW shows 2020, P/AFFO =17)

Q: Hi guys

Thanks for all you great information.
I have held both Morguard Corp (both MRC and MRG.UN) and Mainstreet Equity for quite a time period and done quite well in both, more than doubling my initial investment.
All these stocks have always traded at substantial discounts to net asset value, which has given me downside risk protection, and at one time I thought they might trade closer to NAV. In the past year I have heard from multiple BNN guests that Rai Sahi who runs Morguard, and apparently owns more than 50% of Morguard, could pay much more attention to delivering shareholder value, including moving the share price closer to NAV. So my question is, looking 5 years out, which company, MRC or MEQ, do you feel: 1) has better MGMT, 2) is in the better real estate sector to deliver value and 3) is most likely to see the share price come closer to NAV. A last question would be do you think either company is likely to receive an offer and be taken over by another REIT or pension fund, and if so would it be at NAV or above?

Thanks in advance

Stuart

Q: Is the future of this company strong. Dividend seems high. Is is sustainable.?

Q: Bought this stock a month ago and no movement. Rest of my portfolio has had a good resent bump up. Firm Capital Property Trust appears to have a good business model, low p/e and high dividend. Your assessment & thanks!