Latest Stock Buy or Sell?

Interest rates and real estate investing. Sentiment continues positive. We're seeing real inflation, translating into rent growth, which is the key part of the valuation equation for real estate. Very high new lease growth in US sunbelt apartments, single family homes, and industrial sector. Those who own properties and have taken the opportunity of low interest rates to get well capitalized are well positioned. They have dry powder to take advantage of an increased rent environment in those sectors that have pricing power.

Typically, real estate outperforms with rising inflation. Absolutely. It's able to keep its value, because as rents go up values go higher. As inflation costs go higher, so do replacement costs.

Value in retail real estate? Yes, on the grocery and anchor shopping side. That's his focus right now, necessity shopping. Pandemic proved the resilience of this asset class. Institutions like Blackstone are getting back into the shopping centre space in the US.

One of his favourites. Largest operator in Canada. Great sector, recession resilient. High-growth story. Strong internal cashflow. Good valuation compared to US peers. Customers are not only individuals but also businesses.

Assets in US, trades on TSX. Shopping centres benefit when anchor tenant is a grocery. Good job growing portfolio. Balance sheet is fine, distribution is safe. Safe and stable hold as it takes time to digest recent acquisition.

He'd hold long-term. Industrial properties in Europe are a bit behind in pricing. Rents and valuation should go up. Stable, tremendous balance sheet. Conservative debt levels. Diversified beyond Magna. Lots of upside. Discount to NAV.

Great operator. Dominant lease to WMT, so distribution is safe. Long-term hold for income. As a total return investor, he looks for more. Tougher leasing environment, below 98% occupancy level.