TSX:DIR.UN - Post by User
Comment by
CanSiamCypon Oct 14, 2021 10:07pm
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Post# 34007762
RE:RE:RE:RE:RE:Another new issue....this one at $16.50
RE:RE:RE:RE:RE:Another new issue....this one at $16.50Hey again Sarge!
I noted your comment to May: "
We are now actually down to only 3 REITs - DIR, GRT, and NWH. I had looked at SMU but yield was a little too low for what we like. I think we'll just stick with the 3 from now on."
I actually did a back-of-envelope review of our history with REITs a couple of days ago. Starting in 2013 and up to the present, we have bought into a total of 20 different REITs (17 public and 3 private [Skyline]). Of those 20 original buy-ins, I can summarize the outcomes as follows: - 5 were taken out by private equity funds (AAR.un, RUF.un, MST.un, ACR.un, HLP.un) - all were taken out at a capital gain - some quite sizable
- 1 was sold as a tax-loss harvesting exercise cuz it was a total dog in terms of performance in recent years (HOT.un)
- 2 have performed relatively weakly (SOT.un and HR.un) and are currently slightly in the red cf. their respective ACB values - BUT I stll have hope that they will pull up their socks in the near future
- 12 are well in the green, have performed beyond my expectations, and continue to do so up to the present
So I am a major, major fan of REITs! I note that several articles have recently cited studies showing that real estate assets are an essential portfolio component during inflationary periods - which we may or may not be entering into.
As May stated - Tur do will be waiting for the final tax bill due on the unrealized capital gains in our portfolio - currently running in excess of $1.2 M (i.e., on the total portfolio not just the REITs).
Cheers!
P.S. I noted that your 5 or so posts on DIR.un in recent days haven't attracted the usual cluster of up votes from your fan club. What happened to your "cheerleaders"? You must miss them - just like Tu rdo misses his when he is "out of office" - or maybe he takes them with him when he travels - as per the report that when some indigenous folks were protesting outside his $18.5 M beach rental property in Tofino, he sheltered in place and sent the help out to say SORRY to the protesters! God that guy is such a Poster Boy for White Priviledge it just makes you wanna laugh - if not cry!