They are in the retail space. Anything that is in the retail space during COVD-19 is in the penalty box and for good reason. The pandemic has shut down traffic to every shopping mall. Their shopping centers are a victim of online sales. The growth outlook has been diminished. He thinks the market has overly discounted it. The catalyst is lacking for the moment. He does not expect the distribution to be increased any time soon.

You are looking at quality assets in a quality sector. It is trading at quite a discount to NAV. It has a young portfolio. Every time a tenant leaves their suite you have to put in dollars and the older the building the more you have to put in. He owns it and has been buying it.

They are the dominant owner of industrial space globally. At any given point in time a stock might look expensive so you have to look forward. If you think rents and occupancies are going higher as he thinks it will here, then it is attractive.

They are primarily focused on residential single family homes in the US. They focus more mid-market than their peers. The rents are lower so affordable for tenants today. About 98% occupied. There has been a lot of demand for people leaving high rises for single family homes. (Analysts’ price target is $11.39)

In a week or so it will graduate to the TSX. This is a great company, focused on apartments in the Netherlands, a country with a severe housing shortage. There is no competition. There is a rent control system like ours, in the Netherlands, but they get very attractive rent increases. There is a very attractive, internal growth and first mover advantage. (Analysts’ price target is $4.89)

He likes the warehouse sector globally. Retailers had just-in-time inventory and may now have to increase inventories. Now is the time to buy assets and GRT.UN-T just issued equity and attractive bonds. The balance sheet is in great shape. (Analysts’ price target is $75.68)

Market. We have seen tremendous volatility. Real Estate was not left behind. When we came out of March we saw 40% discounts in net asset value, but private markets have not traded back that much. He thinks stocks have priced in too much discount. We have seen unprecedented stimulus by global governments and interest rates should remain low.

It is a healthcare REIT, operating more in the US. Management is talented and are creative but are in a tough spot today. They have had to suspend their distribution.

It is diversified and one of the oldest in Canada. They got into trouble because of their retail portfolio and The Bow in Calgary. They are getting 20% rent collection in malls. There is a high risk to their distributions. Wait for after a distribution cut if you want to buy it.

He thinks highly of management. The Netherlands is a very dense residential market and is a highly regulated industry. It is trading at a 15-20% discount to NAV.

It is a diversified REIT focused in the Quebec secondary markets. It is retail and office. He is concerned about the distribution.

Just over half in long term care. They have been affected by the pandemic. They have protocols in place to deal with it and have done so effectively. This is a government funded business. It's not a discretionary service. Occupancy will remain very high. The distribution yield is safe and he thinks it is undervalued.

Eastern Canada focused in the multifamily space. He likes the company. This is a sector you want to be invested in. It trades at a discount to its net asset value. It sold off too much.

It is a great company, focused on retail and a growing portfolio in multi-family and office. They have done a very good job. They will probably be opportunistic. It trades at a wide discount and he thinks the dividend is safe; however he sees more value elsewhere.