Plaza REIT just gave me a raise (again)!

Just a quick update on one of my favorite REIT’S:

Plaza Reit PLZ.UN just increased their dividend for the 15th consecutive year!  Plaza is one of 2 REIT’S I currently own, and was the first REIT I ever purchased.  Although the retail REIT’s are getting beat up pretty good with the Amazon/online threat, I still like Plaza for the medium to long term as they have a proven history of responsibly increasing their dividends/growing their business.

  Some Highlights from the press release today:

  • Increasing the monthly distribution from $0.0225 to $0.0233 a 3.7% increase
  • Since 2003 the dividend has grown from 8 cents to 28 cents
  • AFFO payout ratio dropped from 82.1% to 80.9%
  • FFO and AFFO per unit increased by 3.4% and 6.5%, respectively

The dividend raise today gives me an extra $10.89 per year in dividends (which will be dripped into more shares).

Plaza is currently trading at $4.36 (very close to it’s 52 Week low) and has traded as high as 5.18 this year.  I think Plaza is still undervalued and anytime the price is below 4.50 is a great buy.  At the current price Plaza Yields 6.3%.

 

 

 

 

 

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October 2017 Update!

Happy Halloween.  Here is my quick update for October.

Personal Highlights for October:

  • With the delivery of our kitchen table & chairs, we now have all of our furniture in the new house.  I still need to buy an area rug, coffee table and some curtains, but we are almost 100% settled in.
  • Closed up the cabin for the winter.
  • Kids Update:
    Holland had her annual heart appointment. She was born with a small hole in her heart which caused a heart murmur.  The doctors told us we would need to take her once a year to get it checked out for the next 8-10 years, however at this appointment they said it seems to be getting better (closing on its own) so we don’t need to go back for 3 years now:)
    Isaac turned 6 months this week.  He is a little tank, I swear he is almost as heavy as his big sister already(See below)isaac 6 months

Financial Highlights:

  • Closed my line of credit. Officially debt free (not including mortgage)
  • Put $15,000 into Amber’s TFSA and bought her first 3 stocks (CHR, ATD, ITP)
  • Continued bi weekly payments into RRSPs & Spousal RSP.
  • Closed my position in OneReit as my remaining shares were bought back by the company.
  • Cashed in some of my credit card reward points for a $600 voucher to my RRSP.  Once I get the voucher I will deposit this into Ambers Spousal RRSP.
  • Amber’s TFSA/RRSP are now over $18,000.  (They didn’t exist 5 months ago)

Now on to the fun stuff.

Passive Income Update For July 2017.

TFSA:

Diversified Royalty: $8.94 (Dripped 3 new shares)

Artis Reit: $49.05 (Dripped 3 new shares)

OneReit: $17.10  (Got paid out)

Plaza Reit: $24.39 (Dripped 5 new shares)

Algonquin Power: $102.05 (Dripped 8 new shares)

Caledonia Mining: $19.35 (Unfortunately RBC doesn’t allow this company to drip)

TFSA Total: $227.55  

RRSP:

Canadian Equity Income Distribution: $206.50

Total Passive Income July 2017:  $434.05 

Portfolio Update:

With the contributions to Amber’s TFSA, my continued bi weekly contributions and this seemingly never-ending bull market our portfolio hit an all time high: $286,105.62

It’s going to be tough, but I am still hoping to hit 300k by December 31st.  I am hopeful my Global Equity fund will pay out a nice distribution in December which should help.  This was also the 4th month of 2017 with over $400 of passive income.

 

Gettin’ back on track.

The last couple of months have been insane – but I can confidently say things are slowly getting back to normal and I hope to start posting again on a semi regular basis.  Our house has been sold, we’ve moved into our new home, and we are almost completely settled in.

In preparation for the house sale/purchase I made some changes to my TFSA portfolio (I liquidated some Marijuana stocks) as they were up quite a bit and I wanted to get some new furniture/things for the house without dipping into line of credit.  Once the house sale is processed I will have reached one of my goals for the year (paying off line of credit) as well!

I wasn’t able to post an August update – so here is a quick update for August & September combined:

Personal Highlights for August & September:

  • Moved out of old house and into our new “forever” home.
  • Spent the majority of my last 2 months packing, unpacking, updating addresses and cleaning.
  • Renewed Jets season tickets- went to 2 pre season games. Decided to sell about half the games this year since it will be tough to attend all 41 with 2 kids, playing hockey & soccer and trying to keep a wife..haha
  • Kids Update – Holland loves her new house – finally has room to run around and play and Isaac finally has his own room.

 

Financial Highlights:

  • Sold off my positions in Aurora Cannabis & Organigram. Took the profits and bought: dining room set, sectional for family room, couch & chaise for living room, new bedroom suite and mattress and a few other things for the house.  Still have some cash left over from the sale of these stocks and will look to redeploy in the coming months.
  • OneReit stock entered into an agreement to SmartReit which would result in shares being cashed out or turned into SmartReit shares. They share price shot up so I cashed out since I didn’t have enough shares to make much of conversion to SmartReit shares.
  • Line of credit will be completely paid off once house sale is processed (next week or two)
  • Although no stock purchases were made over the last 2 months – I’ve continued my regular bi-weekly fund purchases, spousal RSP purchases & and saw a few shares DRIP. With the L.O.C paid off – I am now in the position to start looking to make some more purchases in the coming months.

    Now on to the fun stuff.

 

Passive Income Update For August & September:

TFSA:

TFSA dividend income dropped a bit as I cashed out my shares of ONEREIT.

Diversified Royalty: $17.71 (Dripped 6 new shares)

Artis Reit: $97.29 (Dripped 6 new shares)

OneReit: $18.48

Lucara: $7.00

Plaza Reit: $48.45 (Dripped 10 new shares)

Canadian Western Bank: $0.24 (yes you read that right…I still have 1 share of this as I dripped a share after I sold off my position..lol)
TFSA Total: $189.17 ($99.89 in August, $89.28 in September).

RRSP:

Canadian Equity Income Distribution: $204.16 (Aug) & $205.91 (Sept) for a Total of $410.07

Total Passive Income Aug/September Comibined:  $599.24

Portfolio Update:

My investment portfolio saw a pretty big drop in value as I cashed out about $20,000 from my TFSA.  That said my overall networth didn’t change as my cash on hand & real estate value increased, and my line of credit will soon be 0.

Although my investment portfolio did take a pretty big hit – once I’ve spent a couple months in the new house and determined what all  the bills will be/how much extra cash I’ll have per month I will start looking for opportunities to deploy some cash again.

 

Big changes on the horizon

Just wanted to pop in with a quick update.  I haven’t posted anything all month – and it’s definitely not due to a lack of financial or personal activity.  In fact quite the opposite.  In the last couple of weeks we were able to sell our house and buy our new home.  I’ve been trying to get everything sorted and ready for the move.

I get possession of this beauty on September 10th!Vanier FrontVanier EntranceVanier Kitchen 2Vanier Family RoomVanier BathroomVanier Yard

Needless to say we are extremely excited.  We are moving out of our 780 square foot house into a much more spacious home – where the kids will get their own rooms, have a nice backyard to play in, and in an area we both love.  We looked at probably 30-40 houses, and this was the first one that both the wife and I loved.  It was in an area we both wanted to live in & checked off multiple boxes (wet bar, master ensuite, close to family/schools/parks, big fenced back yard, move in ready, etc).

The downside obviously is that I will no longer be mortgage free before I’m 40 (barring any sort of miracles or lottery winnings) and our monthly expenses are going to increase quite a bit.

We’ve also decided to sell our cabin (probably this summer) and I’ve decided that once we are settled from the move I am going to change up my investment plan/style.  (More on that coming in next blog post).

Enjoy the rest of the summer!  I’ll be back in September.

 

 

July 2017 Update

Hope everyone had a great July!

Personal Highlights for July:

  • Got the house de-cluttered, cleaned – listed and SOLD!
  • Spent a lot of the month out at the cabin with the family.
  • Finished reading “A field guide to lies: Critical thinking in the information age” by Daniel Levitin (Great book- highly recommend it)
  • Kids Update – Took Holland to Boardwalk Days @ Winnipeg Beach – bought her first ice cream & Isaac turned 3 and is growing like crazy..he is also still a hairy little bastard!(See below)

    Isaac 3 months

Financial Highlights:

  • While cleaning house – rolled and cashed in my change – which resulted in $1167 – which went straight to my line of credit!
  • Paid down another 10% on line of credit.
  • One of my favorite stocks had a reverse split and got listed on the NYSE! (Caledonia)
  • Got our first government child benefit cheque! Thanks JT!
  • Although no stock purchases will be made until L.O.C is paid off – I’ve continued my regular bi-weekly fund purchases, spousal RSP purchases & and saw a few shares DRIP (more on that below)

Now on to the fun stuff.

Passive Income Update For July 2017.

TFSA:

Diversified Royalty: $8.77 (Dripped 3 new shares)

Artis Reit: $48.24 (Dripped 3 new shares)

OneReit: $18.25 (Dripped 5 new shares)

Plaza Reit: $24.05 (Dripped 5 new shares)

Algonquin Power: $109.66 (Dripped 9 new shares)

Caledonia Mining: $18.73 (Unfortunately RBC doesn’t allow this company to drip currently)

TFSA Total: $227.70  

RRSP:

Canadian Equity Income Distribution: $202.41

Total Passive Income July 2017:  $430.11 

Portfolio Update:

My portfolio saw a slight increase in value – however still down from the April high. Total value is back to $270,259.42  This represents a month over month increase of 0.50%.  I’m still expecting a pull back so I am not too concerned with the monthly fluctuations right now.

How was YOUR month?

The times they are a “changin'”

Well – looks like the time is (finally) here.  One of my goals for 2017 was to sell my house & buy a new house.  As of Friday my house has officially been sold.  Although I knew we had to buy a new house with the arrival of our second child, it still seems weird.  This was the first house I ever bought, and I’ve lived there for over TWELVE years (more than a third of my life).

I now have until September 15th to find a new house, get possession and move in otherwise i’ll be living out at the cabin for a few months.  I loved my little house, and truth be told, I probably would have lived there forever if our family remained a one child home.  That being said, there are a few things I am looking forward to in a new house – things I didn’t even think to consider when buying my first home.

The great news is everything went super smooth with the sale of our house – we listed it – had showings for 4 days and on offer date – we had 2 offers (both above asking price) and had it close 3 days later!

Here are some pics of the little house i’ll be leaving next month:(

http://www.goodfellow-goodfellow.com/listings/view/142850/winnipeg/scotia-heights/118-forrest-avenue

On a more happy note, while cleaning the house and de-cluttering I decided to roll my spare change I had which resulted in $1176.00.  It’s amazing how fast change adds up. I took it to the bank and put it directly down on my line of credit (one of my other goals is to have my line of credit paid off by the end of the year).

In case you wanted to know what $1176 in change looks like:

change.png

My neck and back hurt for 2 days after just carrying it from my car to the bank.

Not much else is new from the finances side – and unfortunately until a new house is purchased, and I figure out all the new monthly expenses I probably wont be making any  purchases (aside from the few funds that get automatically purchased every 2 weeks).  Plan is to buckle down – eliminate all debt – buy a house and once I’m settled I will re-focus on finding some good buys!

I am not sure how much time i’ll have to post until we are moved into the new house – so aside from monthly portfolio updates the blogging will probably be pretty scarce.  It’s probably for the best though – it’s +30 and you should be outside drinking a beer anyway!