Investment Q&A

Q: Hello Team,
Could you comment on the the capital appreciation prospects for this going forward?
Thank You,
Barry

Q: Can you please rate these for growth, return and safety.
Thank you in advance.

Q: I am looking to offset some equity risk with fixed incomes or proxies of the same that ideally have some capital gains potential. Could you please comment on the risk level of some of these bond proxies, as well as preferred shares, from a risk perspective?
Irrespective of whether we have tariffs coming it is difficult to say that the unpredictability will stop.

Q: Can you comment on the latest results for SmartCentres REIT, they seem somewhat better.

Thanks

Peter

Q: Hi,
I know interest rates are going down and I know the population of Canada may not grow as it did in the last few years. But how would you rate these reits in terms of their fundamentals, management, payout, and their risks. If you can rate from 1 to 10, 10 is the best, 1 is the worst.
Thank you

Q: Can you comment on their most recent earnings, thank you

Peter

Q: What did you think about their earnings? I have a small position, ok to add more?

Q: Can you provide your input on these REITS ?
Please sort them for buying first to least preferred.

Also, suggest which of these you wouldn't buy, if any ? and why ?

Q: Your thoughts on Smart Centres please?
Will this and another REITS do well as rates move lower? Nice Yield.
Thanks

Q: Do you like this stock ? Do you add at this level ?
Thanks !

Q: Hi guys.
For a grocery anchored REIT looking at total return 5 years out which company, FCR.UN or SRU.UN, do you favor?

Much thanks

Stuart

Q: My last question asked about dividends for this company. You answered “ SRU.UN pays a 'distribution' now yielding 8.1%. Keep in mind this is taxed differently than a Canadian dividend, and the tax breakdown can vary yearly. ”. Can you provide some insight on the two points in the last sentence. Thank you.

Q: I am looking for some interest bearing stocks.

I do not have any REITs and with the state of office space these days, I am always a little concerned.

However, I just read about this company “SmartCentres” that pays an 8.2% dividend (pretty amazing – but it is sometimes a warning sign). Based on company information, it states that it has “98.5% in place and committed occupancy” which I believe is positive.

According to its profile (in 5i), the stock appears to be close to its low for the past year. In fact, the stock is lower than the “Low Target price”. The liquidity ratios appear to (very) good. I don’t know how it compares to its peers but the P/E ratio also appears low compared to its historical trend.

I understand this is not a growth stock but my need is to find some balance and dividends are always good (especially at 8.2%). I also own other dividend paying stocks, such as Enbridge which I’ve acquired slowly over the past number of years. The stock price today is a little lower than when I bought it as the stock price has not changed very much during the last 10 years (but the dividend is very good and the volatility has been reasonable). It has been a very good paying GIC.

Any thoughts on the above. If you have better ideas for dividend paying stocks (or ETFs), please list your top 2 or 3, with a short explanation. As a secondary question, for dividends to rise to 8.2% for SRU and 7.8% for Enbridge, is it also possible that these stocks are out of favor and may also have some potential capital appreciate over the years? Thanks.

(As an aside, I compared the 10 year chart provided by 5i in the “Enbridge profile” section with 2 other charting tools and the one in 5i did not match. I did a comparison because I felt that the return I got with Enbridge did not align with the 5i profile chart.)

Q: Can you please provide proxies for tax loss selling for the above noted stocks/ETFs
Please deduct as many credits as necessary.
Thanks for your insight.

Q: In a world where indebted dividend-payers are being stressed by higher rates, how would you rank the following Canadian companies in terms of the sustainability of their dividend?

RY, TD, BMO, BNS, SRU.UN, FCR.UN, BCE, Telus, FTS, EMA, BEP.UN, BIP.UN, ALA, ENB, TRP, PPL, GEI

Q: Trying to reduce my number of stock holdings. Have identified these 11 as small positions that can be eliminated. Intending to use the cash to add to stronger holdings. I try not to think of a stock as a "hold". There are lots of high quality names you can invest in that look better than a "hold". If you were doing a portfolio clean up, and held these as roughly 1% positions, are there any that you would be reluctant to sell?

Q: Is there any estimate with respect to a percentage of income derived from Walmart for this REIT ?
Do you think the REIT is a risky investment if there is a great dependence on one key tenant such as Walmart ?
I always appreciate your insight.

Q: If the scenario plays out of higher interest rates for longer; is it logical to presume Reits, and Preferreds, -both sensitive to interest rates, may continue to soften. I have been buying them as they are going down but wondering if this is a good strategy. Could you comment. Thank you.

Q: Hello Peter & Team:
How do u compare the income and growth for the above mentioned Co, as we come across the FSZ 8.25% ,3 yr. term offer recently. Fsz.to offers 13% dividend, and the others name above were over7%. How would u rank them from the most prefer to least prefer if i have to placed $50k - 100k into it with a 3- 5 yrs. time horizon. Thank you,

Q: Hello,
Has the REIT issued shares in the last few years to fund their residential redevelopments?
What’s the current valuation against peers (price / ffo).
Can you comment to their level of debt vs other REITs. It seems acceptable and supported by a strong leasing profile, although retail.

I am planning on starting a position ant these levels and was looking for your general comments. Thank you!