Latest purchase should pay off

TRANSCONTINENTAL INC. $17 (Toronto symbol TCL.A; Aggressive Growth Portfolio, Consumer sector; Shares o/s: 87.3 million; Market cap: $1.5 billion; Price-to-sales ratio: 0.5; Dividend yield: 5.2%; TSINetwork Rating: Average; completed its $1.7 billion acquisition of Chicago-based Coveris Americas in May 2018. That firm makes plastic packaging for… Read More

Q: Pat, may I have your thoughts on WPT Industrial REIT and Dream Industrial REIT? I was a shareholder of Pure Industrial REIT with great success until it was bought out. These warehouse REITs appear to be a great way to gain exposure to the online shopping phenomenon.

A: WPT Industrial REIT, $12.78, symbol WIR.U on Toronto (Units outstanding: 44.5 million; Market cap: $568.7 million;, is a Canadian REIT that owns and manages industrial properties in the U.S.

Right now, WPT has 54 properties in 15 states. In all, they include 18.1 million… Read More