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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: Could I get your take on REITs at these levels. I thought they would have held up much better in this current meltdown. Are investors just dumping them because they think tenants are going bankrupt and default on their lease agreements? What is your opinion on FCR.UN? or do you prefer HR.UN? Thanks Ron
Read Answer Asked by Ronald on March 18, 2020
Q: Please comment briefly as appropriate on the above stocks covered by 5i. Add,sell or hold? 1)EIF 1.5% position/ p/p$44 / Investment a/c. Recent big drop to $32.19 2)SU 1% / $42.59 / RIF. Sharp drop in oil price 3)AW.un 1.5% /$43.63 /Inv.a/c. 4)Real 2% / $14.25 / Tfsa. Sharp drop today. 5)STC 1% / $2.47 /Tfsa. Down since recent Q. 6)Ray.a 1.5% / $9.70 / Rif. Down trend.Decent results,but no love. 7)Qst 1.5% /$5.01/ Rif. Very sharp drop last few days. 8)Hr.un 3.5% / $21.33 / Rif. Its building in Calgary is leased to Ecana,now IVV( US$2.60.) Thanks for u usual great services & views
Read Answer Asked by Peter on March 16, 2020
Q: Good morning 5i
H&R owns a 33% interest in ECHO, a privately held real estate and development company that owns a portfolio of grocery-anchored shopping centres in Pennsylvania and Ohio. H&R receives updates on ECHO's results "one month in arrears".
Does 5i have any information on the quality of this portfolio, and/or on the financial strength of H&R's partners? Does 5i view ECHO as a solid piece of H&R's overall asset base, or more of a question mark?
Thank you for your input.
Edward
Read Answer Asked by Edward on March 03, 2020
Q: Gentlemen,
I hold the above four REIT's. I plan to sell REI.UN. With the proceeds and new cash I would like to increase the HR.UN and BPY:US positions and add two additional REIT's. For these I am considering DIR.UN, FCR.UN, IIP.UN. or any of your suggestions. These 5 REIT's would represent 10% of my portfolio.
I appreciate you input.
Thank you,
Werner
Read Answer Asked by Werner on February 21, 2020
Q: I acquired shares of HR.UN twice in 2013 and then in 2018 such that I now have 500 shares at a cost basis of $21.28 per share. So I have a capital gain of only 3.6% now, but of course have harvested dividends on a monthly basis all that time. Obviously I am a 'buy and hold' type of investor predominantly.
I am retired and this holding is in my RIF so the dividend income is very relevant to me.
Is it time to switch into another REIT for the next 7 y or so or should I just stay where I am, in your opinion. If I was to sell, what would be your top 3 REITs to consider with no regard to type of property holdings?
With thanks, gary
Read Answer Asked by Gary on February 06, 2020
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

Read Answer Asked by Peter on January 12, 2020
Q: I see that for NTR and HR.UN the RSI is entering oversold territory. What importance do you place in the RSI for a company when considering a buy or sell? I am considering buying these two companies at these levels, would you recommend a purchase now? I am surprised at the sinking stock price of HR.UN compared to other REITs, do you see a particular reason for this? Thank you for your great work.
Read Answer Asked by Dennis on November 27, 2019
Q: In the Real Estate Investment Trust sector rank them from best first on down? Interrent, Riocan, Granite, Broadwalk, and H&R Also give some color why they would be better than the others?
Read Answer Asked by Herbert on October 29, 2019
Q: Hi 5i, I do not have any real estate exposure in my portfolio or own any real estate assets. My portfolio includes a range of stocks such as SHOP, MELI, PYPL, SQ as well as BNS, DIS and BIP:UN, CNR as some examples.
It seems like there could be a lot of future growth in Atlantic Canada and I am wondering about KMP.UN. I have a small portfolio so would appreciate any suggestions you have for some real estate exposure with growth. Thank you!
Read Answer Asked by Laura on October 02, 2019
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