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Discussion Starter · #21 ·
I sold mine today for a loss...I found a couple better opportunities for the funds and still H&R, Rio Can and have recently added to my First Capital Realty holdings.
I was going to sell as well....hoping for $10 and then maybe I'll cut out. Then again, its a very small position for me (1.5-2%) so maybe with the large divvy, I just let it ride?
 

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I have owned this REIT since 2010 and it has taken good care of us. There was a brief time when NWH was our largest position, when Dream Global was bought out. Now it is our third largest. I stopped adding to this position around the time they started buying everything that isn't bolted down in Australia and New Zealand but have never sold a share.

Once a company starts focusing on being big, instead of performance, I feel it has lost it's way. This is what I believe has happened to NWH. So, I will continue to hold and enjoy a decent distribution but have extreme low expectations for the future. They seem to be diluting their issue as quickly as they add equity.

I was hopeful they could digest the Australian acquisitions and bump the dividend but the answer to that is now clear.
 

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If the stock no longer suits you why continue to hold? Is it due to cap gains in non reg? Or is there nothing out there that you think will give a return? With the recent decline in the markets now would seem like a good time to switch into something better.
 

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I'm not a trader. When I buy a company, I consider it a partnership.

Most of our NWH position was acquired in 2011~2012 when I was growing it as aggressively as possible. Our average price is below $10, so it's been a while.

NWH will be the first position sold as we roll into retirement but I have no interest in buying/selling anything based on anticipated performance. If they were to goose the dividend a bit, I would probably hang tight with them but it hasn't changed in many years and it doesn't look like it is going to.
 

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As you know, REITs are reluctant to raise dividends because of their high payout ratios. However, after many years of no increases one is not getting much return after inflation. It's ok to have a few of these bond like stocks in the portfolio however, it could mean trouble down the road due to dilution, and increased debt coverage costs. If you held it for a decade you are very familiar with the company and if it was a good hold at $7 or $8 it is definitely a good sell at $12. Your response tells me you do have a plan to exit and the rationale for it. Sometimes partnerships end but if you have no place to deploy the funds it may make sense to stay the course until you need the cash. What happens between now and then is anybody's guess.
 

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I recently sold it. I only own one Reit and that is Dream Industrial. With the rising interest rate scenario I believe most will be challenged . A higher cost for capital and a downward pressure on their NAV.
 
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