Investment Q&A

Q: Yesterday in the Globe & Mail Gordon Pape suggested "moving on" from Riocan, into "better" REITS.
I can understand his argument, and it would suit me to do this, if I could find the better REITS.
Which Reits do you consider good for income plus a bit of growth?

Q:
What is your opinion of rio an, in view of the increasing amount of online shopping and the eventual reduced Need of retail space?

Q: I have not had a 'raise' in a while from RioCan. I have held the stock since 1999. Is it time to part company? It's near an all time high. Can you suggest a REIT which does give good increases every year? A high ROC is nice, but not required.

Paul

Q: I'm holding Allied Properties and RioCan REITs and they make up about 8% of my portfolio. I like the income but I'd also like some growth. Are there better alternatives in this space? What are your thoughts on the relative amount I've allocated to REITs?

Q: I would like an opinion on a couple of stocks. My goal is to get a solid dividend and moderate growth over the long term. The stocks are:

BCE
BEP_UN ( I see is held in the income portfolio)
RioCan

Thank you
RioCan

Q: Does the combination of H&R and RioCan provide sufficient diversification in the REIT sector (5% weighting)? Should I add another name (perhaps in residential) or shift to an ETF? Can you also please provide the breakdown for each by segment (industrial, office, commercial) and geography in your answer. Thank you.

Q: I am looking to add a solid, long term real estate investment to my portfolio. I am trying to decide between RioCan and Brookfield Office. They both seem well managed, large and well-financed. The main differences I see between the two is that one (BOX) is the office space while the other is more retail oriented and secondly, BOX has international holdings (mainly US?) while REI is said to be exiting the US market.

What are your views on these two companies or is there another option I should be considering (I know yo like Chartwell)? I am more interested in total overall return, whether it be from dividends, growth or both.

Thanks for insight.

Paul F.

Q: How much does Riocan suffer as a result of Target USA not paying the rent of empty stores in Canada, that Riocan cannot find tenants for?

Q: Hi 5i Team,
Riocan dropping quickly. Is there anything new or is this just the interest rate fear again. How would you feel about just exiting the REIT sector for now? Have lot6s of other financial exposure. Peyto seems to be in the same trajectory.

Thanks again for you response,

Ted

Q: Hi Peter,

Is there a way through the markets to participate in the increasing housing markets in Toronto and Vancouver? (without having to own a house). My point is there are many ways to participate in real estate through REITs without having to own real estate personally. Thanks

Q: I currently hold 6 REIT's that represent 19% of my portfolio(RSP). I want to sell 3 of the six and reduce my allocation in this sector. Which 3 of the following 6 would you recommend I sell? CUF.UN, CRR.UN, DRG.UN, IDR.UN, REI.UN and NWH.UN. Thanks in advance.

Q: Hi there,

I am trying to reduce my exposure to interest rate sensitive REITS and find myself struggling where to reduce my weighting. My weighting has been inching up to close to 24% of my portfolio based on the good performance of a couple of my US holdings. I currently own REI.un, HR.un, AMT.un and BXP.un. I am currently leaning towards reducing REI given the continued good perfomance of both AMT and BXP. Your thoughts?

Q: What is the 5i take on the new agreement between Riocan and HBC?

Thanks.

Paul F.

Q: For a long-term hold in the retail commercial real estate space, which do you prefer, REI.UN or FCR, and why? Thanks.

Q: Hi Peter Riocan received a downgrade this morning on BNN are you aware of this?REI.UN Is a core holding for me would you move to something different on this news .The stock today is down but barely.
Kind Regards Stan

Q: Peter Can I have your opinion on the recent announcements from the UN on climate change and do you feel it is a good time to buy renewable energy stock and the second part is your thoughts on online shopping and its effect on big box stores and the Roicans of the world
Kind Regards Stan

Q: At this point from income point and perhaps a hold for 5 years...would you prefer D over REI.un...currently hold 5% Riocan and 5% H&R..thinking of switching out Riocan for Dundee...what are your thoughts?

Thanks!!

Q: Hi I reading REI.Un results what am I missing .The market reaction to the results bogles my mind.
Stan

Q: Hi 5i Guru's

Re; Rei.un (Riocan)

I am considering adding RIOCAN to my TSFA. It has been beaten up with the REIT sector and looks like a reasonable entry point now. I think Shopping centers are in the cards for the long term, providing a secure revenue stream. The close to 6% dividend is therefore likely sustainable and subject to increases. And lower interest rates seem to be here for some time to come.

Would you recommend RIOCAN, or do you see a preferable name in the REIT sector.

Thanks so much,

Q: Hi 5i team. I'd like to put in my 5 cents worth to give contrast to Lance's question on REIT's and specifically Riocan (REI.UN). From my perspective as an income invester, the pay-out and it's ability to keep up with inflation is more important than the value of the shares. I bought REI in 1997, soon after its debut for $8.75. Over the years, the ACB has declined to zero and the yield at cost (present yield divided by original cost as percentage) has gone up to 16.11%. Depending on how you calculate inflation, it has done pretty well as a taxable investment and because of the ACB situation, it is difficult for me to sell. I don't think it has done too badly compared with the TSX. Going forward is a different matter because, as Lance has pointed out, we are going the opposite direction as far a interest rate is concerned. Should I sell and paid the hefty tax bill? Thanks. Henry