Investment Q&A

Q: Can you please compare the valuation (price / cash flow) of Minto versus Capreit and Interrent. Thank you.

Q: What REITs do you recommend?

Q: Given that RIT holds nearly all the REITs [including the two mentioned here] and their dividend is higher, does it make sense to simply hold RIT [even if their fees are higher]?

Q: on Sept 1st , 2020, Donald asked if you still see CAR.UN as a premier reit. I couldn't tell from your answer if you do. Do you still see it as a premier reit?
thanks
Mary

Q: I really liked your answer about 'dead money' to Jason's question about riocan today. I'd like to get your impression of other reits: IIP.UN, BPY.UN, CAR.UN, and DIR.UN. Are they like dead money for a while? Are they good buys considering their book value per share is lower or close to their market value or do you think they can go down further? Are there any in this list that you would not recommend?
thanks!

Q: any knowledge or opinion as to why car.un would be down some 2% this morning. Do you continue to see it as one of the premier reits on the TSX?
Thanks

Q: Hi 5i team.

Any news today causing even the highest regarded apartment reits to sell of significantly? CAR.un, IIP.un, and MI.un all down close to 5%.

Thanks.

John

Q: How was their latest qtr vs expectations? Good entry point?

Q: I currently own TCN but would like to increase my Real Estate holdings through an ETF. I would like to stay away from shopping malls and more commercial real estate and lean towards more residential holdings. Do you have any suggestions in the ETF category or should just buy a REIT like CAR or something else.

Thank You for your solid support
Clarence

Q: Hello 5i Team
Thank you for the new update on Interrent REIT.
Reviewing the new report on Interrent REIT, the Peer Relative Evaluation section compares Interrent against ten REITs, however only two of the ten REITs (CAR.UN & NVU.UN) are in the residential apartment sector.
1 - Please comment on how companies are selected for the Peer Relative Evaluation section.
2 - Would it be more appropriate to compare Interrent against the major residential apartment REITs (BEI.UN, CAR.UN, KMP.UN, MI.UN, MRG.UN, NVU.UN) than to the Office, Industrial, Retail REIT section?
3 - Also given NVU.UN is subject to a takeover, is this a reasonable comparison?
Thanks

Q: Top 5 picks for monthly income please and thanks.

Q: Hi Guys,
Are any of these names a MUST sell in your opinion? They are all down approx. 15%.
My time frame is 3 to 5 years.

thanks
Jim

Q: I have MR.UN , HR.UN and REI.UN in my cash account. Are these reits worth keeping? Could you recommend another reit worthwhile. Thank - you .

Q: If you have to choose only ONE, highest conviction Canadian REIT in your forever account (dividend not important, growth and longevity very important) which one would it be. I am thinking of CAR, but I want your opinion before committment.

Q: I see AQN and CAR.un will be added to the TSX60 and the others mentioned will be added to the TSX Composite as of June 22. Would you consider any of them a buy at current levels based on this news and their underlying fundamentals/valuations??

Q: At today's levels, any preference between IIP and CAR.UN? Thanks.

Q: In your reply to Richard this morning you stated: "We might sub IIP for CAR to add more residential over retail exposure". Aren't both of these REITs "residential"?

Q: I'm looking to add some REITs to my portfolio. Could you comment on the following REITs? Would you suggest holding all 4 as they have different holdings? If not, could you provide a ranking of your selections?

Q: Morning 5i,

Looking to diversify our portfolios
Longterm hold.
Wanting to add a real estate position(s)
Obviously we could go up or down due to covid and a rougher than expected recovery.

Looking for advice on which to do first.
ETF, such as above OR pure play such as CAR.UN?
Which is a huge portion of XRE anyways.
*your top rec's in this sector would be greatly appreciated as well.

Understanding the risks and dynamics our thought was adding an attractive pure play at lower valuation and then the reit assuming it may be depressed for a longer time period.

Looking forward to your advice and thank you for the great stuff here! The info is tremendous.

Q: Have held 1000 units of NWH.UN in non-RSP account since 2015 and the ROC is now about 1/3 of what I paid for it. Confused about ROC and how it helps me but I do understand the lowering of the cost base when units are disposed of. Faithfully track all ROC’s for all units held including SPB. I don’t depend on the income from the portfolio but I am in a 43 % marginal tax bracket as a retiree. So when do I dispose of NWH.UN?
Your Q&A database says that NWH.UN is small, has wide geo distribution and not much growth, the distribution is safe but amount is only so so. However, there is a lot of ROC. In this down market, my 2 other similar amount of REs are down also (CSH.UN and SIA, 35 and 44% respectively). Also, have similar amount of AD that is down 52%. I am about “even” on my gains and tax loss sales so far for 2020 taken early in January but could use some carry-back for last year’s gains. Thinking of a trade of selling NWH and AD and perhaps CSH and SIA, waiting the 30 days before buying AD back unless you could suggest a suitable alternative proxy for the interim (or just buy CAR.UN instead all in non-RSP). Or would best option be to let it simmer and revisit during tax loss season to see if any of these have sufficiently rebounded? Have I missed something? Maybe the best decisions taken are those decisions that did not have to be taken.