REITs: Huge Opportunity in Real Estate! Covered Call REIT ETF?! MREL vs RS

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REITs: Huge Opportunity in Real Estate! Covered Call REIT ETF?! MREL vs RS - Q&A w/Middlefield

Рет қаралды 8,938

Passive Income Investing

Күн бұрын

Пікірлер: 46

@imok4u2c 10 ай бұрын

RS stock price basically cut in half over last two years. The offerings (dilution) which happen fairly regularly is concerning and whether dividend will be cut or suspended.

@mdichou 11 ай бұрын

one year gic gives 5,75% ... actually really a good deal

@parulparikh5798 10 ай бұрын

Could RS miss dividends? As it's a split fund?

@dkyrtata6688 11 ай бұрын

That was good information particularly that depreciation incurred on a REIT is paid to investors as ROC (Return ON Capital, not Return OF Capital). Nice!

@user-vs1bh7dd8h 11 ай бұрын

Great interview. Always enjoy listening what fund managers have to say about their products. Any chance we can see the interview from DFN or DGS fund managers in that regard?

@jacquesfournier4616 10 ай бұрын

Hi, if I understand right, total amount of preferred shares on total amount of the fund gives the leverage! Maybe I get it wrong (English is not my mother language!) , but I was on the impression that the leverage was defined by the total amount used to invest in preferred shares (loans, margin, etc...) on the NAV of the fund. Information to calculate that leverage is in the financial statements for the fund. Maybe I did not clearly undestand the explanations. 😁

@Papineau7614 11 ай бұрын

Great interview Adrian ! I really liked Dean's explanations. Really clear and precise

@PassiveIncomeInvesting 11 ай бұрын

Glad it was helpful!

@benjamingrass3643 11 ай бұрын

25:00 Adrian! Man thank you for finding the answer to the leverage!!! That was one of my biggest worries. I am at peace now that I understand where the leverage comes from and how to calculate the amount. 👌🏻

@PassiveIncomeInvesting 11 ай бұрын

yes! i learned also. its quite high with splits!

@dwaynecunningham2164 Күн бұрын

Thanks King. Maybe do a show on ENS?

@PassiveIncomeInvesting Күн бұрын

ENS is looking juicy. look at the NAV vs the Stock Price. Obviously investors have not woken up to the huge value proposition and disconnect. but they always do with time....

@dwaynecunningham2164 Күн бұрын

@@PassiveIncomeInvesting glad we are on the same page!

@Sky_tracer 11 ай бұрын

Excellent video Adriano, keep up with the good job.

@roberttaylor3594 11 ай бұрын

I have NWH.Un and SRU.UN. Kinda sad about NWH these days. It seems like everything has gotten a lot cheaper in the last week, probably due to the US congress and possible shut down...so not related to the actual business case. Well, NWH has a lot lotta debt, I guess. MREL seems interesting. It is going on my watch list and we will see what the US congress gets up to in the next few weeks. That whole closing down the government thing sure looks like lousy way to run a country.

@katalystc1268 11 ай бұрын

NWH.UN has me disappointed as well. I invested pretty heavy in there...and people did warn me about the cut and unsustainability...but I thought I would take a chance. Getting burned now. It will recover...but take a couple years. Im really disappointed

@deetee9920 11 ай бұрын

you lucky you don't have sot.un... i got f'ed by it so hard.

@chrishanzek8930 10 ай бұрын

SOT is going down like a ski hill and will continue to do so.

@itayyahel 11 ай бұрын

Great video. Thanks for sharing. Thanks a lot 👍

@dkyrtata6688 11 ай бұрын

I am still not clear how to derive the percent of leverage of a split fund because the guest speaker mentions the value of the shares but I am not clear whether that is the current NAV or the NAV when the fund was conceived. I would think that the current NAV is not correct because that would cause the leverage to fluctuate every day. I had always calculated the leverage from the initial public offering of the split fund. So when I get that information from the Middlefield website, it shows that there are 1 million preferred shares @ $15 and 1 million Class A shares @ $10 per share. I think the number of shares is not relevant unless there is more of one than the other in circulation (as sometimes happens over time). Since the unit NAV is $25, the leverage of Class A shares is 40% ($10/$25). Is that correct?

@Paroledesagesse01 11 ай бұрын

Yeah, I thought about opening my own farm, but its a long and complicated process. Im just investing in Cannafarm ltd farms and earning every day

@henrik4438 11 ай бұрын

Good morning 🌅 Which etf tracks exactly the S&P500? When I look closer into different 'S&P500' etfs it turns out they are actively managed after all. I want to purchase the S&P500 index. Nothing less. Nothing more 📈

@PassiveIncomeInvesting 10 ай бұрын

theres a bunch.... HXS , VFV, ZSP

@Rob-ob3sh 11 ай бұрын

Middlefield announced an overnight offering this morning on RS class A shares at a price of $13.40. That’s a high premium right ?

@PassiveIncomeInvesting 11 ай бұрын

they recently did one! lol

@Whatisthisstupidfinghandle 11 ай бұрын

My tnt is down 70% !!! And the dividend cut in half

@PassiveIncomeInvesting 11 ай бұрын

they don't own TNT fortunately but crap, i forgot to ask him about that one and office reits in general

@belovedsurfing7210 10 ай бұрын

So...your TNT holdings blew up? 💥 Sorry. 😅 I'll let myself out now. But seriously, you have my empathy. My portfolio is looking like the aftermath of a slasher movie. It's a tough time, but hold on. Real Estate will bounce back when Interest Rates go back down. Additionally, I'd recommend encouraging your friends and family to vote Conservative or Republican and put back Leaders into Government who put the Economy and Citizens first instead of Woke Ideology, Unsustainable Immigration, Unsecured Borders, and endless spending on Ukraine (most corrupt country in Europe). People don't vote, yet they keep complaining. When it comes to the Economy, there is a massive difference between the Right and the Left. My 2 cents. Good luck.

@dwaynecunningham2164 Күн бұрын

@belovedsurfing7210 agree 100% dude. If Comrade Harris gets in I think her and Castreau will collapse the economy. Looking at moving to Uruguay. Stay alert.

@roberttaylor3594 11 ай бұрын

actually, forget the watchlist. I'll put a buy order in for 50 and watch it that way.

@belovedsurfing7210 11 ай бұрын

But, are REITs which hold a large number of Office Spaces and Retail Spaces in their portfolio a good investment? With white collar workers resisting returning to the Office and Amazon single handedly decimating the need for Brick and Mortar Retail, does it make sense to hold REITs which have many Office or Retail properties in the portfolio? If Elon Musk sets the tone for other CEOs than yes. Office Space will see a comeback as presence in the Office becomes mandatory. If Retail Spaces can innovate and become Retail / Entertainment centers (think Edmonton Mall), then I think Retail can come back too. All depends on righting the Economy with Business First, Economy over Woke Ideology leadership. Meaning Trudeau and Sleepy Joe gotta go.

@Edmonton_Gord 11 ай бұрын

My wife went to West Edmonton Mall yesterday; no customers so businesses are barely hanging on. And downtown Edmonton is overrun with crackheads; until this gets solved, Edmonton City Centre Mall will remain a ghost town...

@PassiveIncomeInvesting 10 ай бұрын

they can be.... high risk = potentially higher reward. But MREL and RS barely hold any Office REITs at all.

@belovedsurfing7210 10 ай бұрын

@Edmonton_Gord I see...that's disappointing. The advent of the Shopping Mall did away with Mom and Pop shops. Now the advent of Online Retail is doing away with Shopping Malls. The Cycle of Life one might say. Still, Shopping Malls are well designed spaces. There might be another use for them. Probably Entertainment Centers would be the most effective use. Live Entertainment experiences with friends and family can't be duplicated online. Edmonton sounds like so many cities with Progressive Policies. Criminals favored over Citizens. It's all part of the goal to divide people against each other, and make them want more Government authority to "establish order". People just need to speak out, and vote for Politicians and Party that believe in traditional Western values, like Personal Responsibility and the Rule of Law. In Canada, that would be the PPC. In the US, Trump is my guy. Enough with the Wokeness. Bring back common sense and common decency. Phew. Sorry for the harangue there. 😅

@carlmajor9610 9 ай бұрын

Hey adrian. you forget to talk about they drop hard every ex dividend date.

@PassiveIncomeInvesting 8 ай бұрын

but that's 100% normal , what is there to talk about? its the day the distribution is subtracted from the NAV. this happens for every fund on their ex date

@lilyzhang3198 9 ай бұрын

Why is RS down quite big today when REIT sector is up?

@PassiveIncomeInvesting 9 ай бұрын

it won't be 100% correlated as RS is a CEF. CEFs can move in weird ways. Its really the NAV you should follow. Not the stock price

@lilyzhang3198 9 ай бұрын

It is above the NAV now, which means it is no longer cheap, right?@@PassiveIncomeInvesting

@mikamitd9943 11 ай бұрын

🎉 Another fantastic interview ! This should be member only video !

@randalxu4889 11 ай бұрын

Thanks for the video Adrian! Learned a lot about REIT here. I guess there won't be a Covered Call REIT anytime soon? 😟 Totally agree that the upside potential is huge here. Basically buy what's on sale in this market.