Investment Q&A

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!

Q: Understanding no one can time the market, in general, are REIT's an asset class that would be ideal to hold in a mature market? I am looking for some diversity besides utilities in preparation for a bumpy US election term. Other suggestions from the 5i team? Thank you

Q: Hi There,
Can you provide your opinion of the debt level of this small cap REIT company?
In the event of a recession would you expect the company to still honor
all it's debt obligations comfortably?
Do residential REIT stocks generally perform better than the overall market during a
recession?

thanks for your comments!

Q: Could you please give me any insight you have on the recent spike of BTB.UN over the last two months.

Q: Hi. I have held this apartment REIT for some time with about 7% capital loss. The distribution is quite low so that is not helping my overall return either. Disappointing in that Apartment REITS have been generally doing well. Any hope the Morguard management team will get some better returns for the REIT shareholders. Perhaps a recent purchase of a luxury Chicago building is an indicator of better things to come? Hold (patiently) or sell? Thanks.
Gerald

Q: Just wondering what your favorite canadian company would be in the senior/retirement assisted living space ?

Ken

Q: What do you think about Pro Reit? It’s portfolio looks decent, has a high yield, but the pay out ratio is a little high at 106%.

Q: What are your top “Green” stocks for 2020 and what would be your top REIT stocks as well?

Thanks

Q: Do you see any hope in the management of this company?

Q: Hello 5i, I am looking to invest in one or two Canadian real estate ETF. Can you suggest me 3 names with low cost, a good performance and low debt. Thank you! Jean

Q: The MIC stock continues to climb after the Brookfield deal closed.
What are your thoughts for the minority shareholders and the mortgage climate for the business going into 2020?
Thanks
Bob Rose

Q: What do you think about Inter Rent? It recently posted a very good quarter "Operating revenues for the quarter increased by $3.8 million, or 12.4%, over Q2 2018."

I was thinking of just buying this and holding long term.

Q: Could you recommend a REIT that has a large position in the Vancouver area

Q: I've held Artis Reit in my RRSP for quite a few years. I'm thinking of replacing it with H&R Reit. My thinking is H&R Reit:
1) has higher quality assets
2) is almost 4 times the size of Artis Reit (base on market cap)
3) pays a larger dividend
4) is at least as diversified geographically and by asset type (office, retail, industrial, and residential) as Artis Reit

I have two questions:
1) Is H&R just now heading into the problem of too much concentration in Alberta that Artis went through over the last few years (so this may not be the right time for the switch)?
2) Is Artis share price going to appreciate over the next qtr or two from its divestiture of properties at above the REITs NAV? If so, maybe waiting a qtr or two before switching would be better.

As always, I appreciate your insights.
All the best to the 5i Research team in 2020!
Peter

Q: I used to own SVI on the venture, was tired of holding it and as a result missed it’s recent rally. What do you think of PSA on the nyse for a first time purchase.

Q: Which would you favour over the next year: REITS or banks? And if banks, can you name your top pick for 2020? Thank you.

Q: I would be interested in your thoughts on MRT.un for an unregistered account and fc.ca in my TFSA for safety and reasonable monthly income.

Q: Hello Peter, just wondering what is driving REITs price lower today, considering both U.S. and Canada 10 yr bond yield trending down quite a bit today. Thanks!