Inovalis REIT (INO.UN-T)

Difficult to own. Commercial real estate in Europe. Strategy of owning secondary assets was not the best. Cut distribution. Unless you have a high risk tolerance, don't add to your portfolio.

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Management has a decent record although recent quarters saw some misses with 5 out of the last 8 missed expectations. Shares have done well since 2016 asides covid's impact. Insiders own over 20%. Unlock Premium - Try 5i Free

Inovalis (INO.UN-T) or Dream Global (DRG.UN-T)? There is probably too much duplication to own both. These assets are a little more spread out, and concentrated in France. Instead of buying Canadian names that have exposure to Europe, he is actually going directly into Europe and buying some names.

(Market Call Minute.) This is France and Germany. It all depends on your view of BREXIT. Thinks it is a little bit complicated.

(Market Call Minute) Global name probably preferred to DRG.UN-T, which was commented on earlier in the show.

A small company, all France and a little bit of Germany. A very interesting way to play if you think office tenants will be leaving London and going over to Paris. They do have a larger asset manager behind them. He likes management and the properties. If you believe that something is going to happen and that Paris will benefit from BREXIT, then yes this is the name. He is a little concerned about the French economy.

A Paris and German office REIT, and a great vehicle for being focused in Europe. Has done quite well over recent times. A little too small for him. A very successful private company managing a lot of money and this is a vehicle they use for part of their funding.

A very cheap stock but also very small and very illiquid. However, it is showing good value right now. It is hard to get an interest or find a catalyst on what is going to move this forward.

It is too small for him. You can invest in Paris and Germany without opening accounts. There has been some pushback from fears that the French economy is stalling somewhat. The portfolio is very good quality, however. It is part of a much larger group of companies.

This is his biggest REIT holding. Based in Europe. A great play on French and German office. The Cap rates in Europe are much, much higher, so you get a much better yield of the stock as well as better upside because the valuations are a lot lower. 9% dividend yield.

This is a French company. They own one building in Germany and the rest are assets are in Paris.
Although the REIT is quite small there is a large backer who manages pension assets with other relationships in Paris and who is able to vend properties into the REIT. Thinks the drop is probably
due to Europe. He is not crazy about France. The whole move in the socialist government and the anti-business sentiment is dangerous.

Small REIT of French and German properties. They have a large institutional backing in France. This stock is cheap, but could stay that way for some time. 8.4% dividend is safe. He is concerned about the French economy.