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Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: Hello Peter
I am newly retired and looking for a stable replacement for my AAR.UN stocks. I’m looking for a steady income dividend type stock that I won't have to worry about. Wondering which of MRG.UN or BPY.UN would you recommend , and why ? Both are trading below book value.
Really appreciate your thoughts .
Thanks.
Joanie

Read Answer Asked by Joan on April 06, 2018
Q: I understand that CAR.UN has better overall assets than MRG.UN, but the difference in valuation seems ridiculous. MRG is trading at 80 percent of NAV and 14 times 2018 AFFO, while CAR is 105 percent and 21.8 times , respectively (all per TD). It seems to me at this valuation, Morguard should just take over the chunk of MRG it doesn't own. Thoughts?
Thanks.
Read Answer Asked by Alex on December 01, 2017
Q: I'd like to know what you think of MRG's Q3 report that came out today. I would especially appreciate your assessment of (1) potential growth and (2) your calculation of Payout Ratio using AFFO (not FFO, as they do, which tells me nothing without knowing the maintenance expenses). I must admit I get very suspicious of reits that only provide FFO and not AFFO.
Read Answer Asked by arnold on November 01, 2017
Q: Over the past 5 years, MRT.UN is down to about $14 from its highs of $19 +, whereas MRG.UN is up to $15.60 from just over $10. Is this difference all down to the U.S. property market being better than Canadian in terms of growth ? Is that likely to continue ?

What is your take on these 2 REITS and on the sector generally ?
Read Answer Asked by Don on October 30, 2017
Q: In what order would you rank these residential reits for a long term hold (5 plus years)? Would you agree that you should have one or two as part of a core holding in a portfolio? Thank you .
Read Answer Asked by Albert on October 26, 2017
Q: I hold substantially less than 5% of each of the above securities in my diversified portfolio.The sector is not over-represented in my portfolio. I would appreciate your opinion as to which, if any, should be sold because of duplication; and/or to reduce the # of stocks held; and/or because of other specific concerns; and which, if any, should be added to. I do not require the cash from any disposition, am not averse to risk, and, subject to your comments, would reinvest it in this or any other sector which you recommend.Thank you in advance for your usual reasoned response.

Read Answer Asked by Harold on July 10, 2017
Q: With Milestone sale now going through, do you think the mutual funds that held it, would be looking at other US real estate funds like Tricon, Morguard Reit, Pure Multi Reit, and out of these 3 how would you rate them for buys at this time.
Thank you so much
Read Answer Asked by eugene on March 31, 2017
Q: Would you be kind enough to rank these companies as to your current preference & explain why? How does the insider ownership play a factor? Would the long term chart comparisons, figure into your decision? With interest rates possibly moving up in the USA & the Canadian real estate mkt. rather extended & a Federal budget on our doorstep, your comments greatly appreciated. Thanks for the hard work. Ken
Read Answer Asked by Ken on March 16, 2017
Q: Confused on what you mean held for income, you replied to Tabho that mrg.un was doing well and to held for income, does this mean you expect little in growth? I have a large portfolio and try to get a 10% return per year, I have only held the above REIT'S as my REIT holdings over the past couple of years and have to say they have been acting more like growth stocks, and outperforming many of your growth picks which i own. So can you say that a plus 30% return per year and can also be an income and a growth stock. Sorry for the RANT!

GREAT SERVICE! THANKS AGAIN
Read Answer Asked by eugene on February 15, 2017
Q: Good Afternoon,

I had a full position in Milestone and today it is being sold. What are your thoughts on BPY.UN for replacement or would you have other names in the multi family residential properties? I know that BPY.un is not in the muti family residential property.

Thanks

Paul
Read Answer Asked by Paul on January 20, 2017
Q: We all know that interest rates will be going up, and these guests on BNN poo poo reits as an investment, and than try to explain how there picks down 60 & 70 % may eventually come back for there investors if they wait long enough. The way i see it, if a reit has good management they will do well going forward. In Canada, Car.un, they are full, in the USA the ones are around 95% full. More and more people in the future will be forced to live in an apartment, with poor wage growth, more expenses, they will never qualify for a mortgage. What do you think, am i not seeing the real picture here, high quality Reits should be held even a rising rate time?
Read Answer Asked by eugene on December 22, 2016
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