Is there a best time of the year to sell REITs or are they long-term holds? There are seasonal ties to some extent. Right now they should be weak, but it's not. Interest rates have just stayed totally low. Also, REIT structures are very good in that everybody is making money and improving their balance sheets.
Very small. Last year, this was one of the best performing REITs. Not sure of the numbers but probably still have a lot of debt. They are getting their revenues up. 8% dividend is probably alright. Definitely a caveat emptor.
Good group. Based in Victoria. This is a long-term process. The one thing you have to watch out for is that we don't know if we are at the end of the market or not but we have a wonderful period of appreciation and you should be upgrading. In some cases you might be better overall to go with ones that are more in the market.
8.3% payout. Has wonderful sponsorship in that it is in alliance with Calloway (CWT.UN-T). Payout is very high and the market is uncertain of it. There is also some vulnerability in that they have several Zeller’s stores and he doesn't know what is going to happen to them. Good management.
They have to play an interest rate spread. Whatever you are doing in these things, be aware that you are only going to get the latest interest rates. They are going to be challenged to keep the mixture that allows them to get the rates.
(A Top Pick March 10/11. Up 2.89%.) This has been a huge disappointment to him because it has a wonderful mix of assets and is global. Complicated structure.
(A Top Pick March 10/11. Up 13.69%.) Underperformed phenomenally in the last little while. Going to be some changes in management. Stated they are going to get out of the nursing homes they are in but they have not got it done. On the other hand, it has low debt and low payout ratio. Caveat emptor because he doesn't know when it is going to stop going down. 5.1% distribution.
Doing a major acquisition that they are sharing with a US group. When they put this together, 1) they are improving their overall structure 2) one of the few that have got it right for cost controls and 3) they are going to have a much bigger portfolio.