Today we are welcoming Tom Dicker to the show. He is the Vice President and Portfolio Manager, Equity Income Team at Dynamic Funds. A member of several Canadian Real Estate Forums panels in 2020, Tom shares his knowledge on Canadian real estate and its relation to the broader investment world.
We hear about why Canada is one of the best countries for REIT investment, which then leads into a discussion around the COVID-19 pandemic. Tom explains his thoughts on the future of office and retail space, along with investment opportunities that the pandemic has presented.
Topics covered include:
- Distinctions that REITs have from country to country and how this changes the investing approach.0
- The NAV premium and how it relates to COVID-19.
- Real estate performance compared to the S&P 500
- Pension fund’s increasing exposure to real estate.
- Problems with the consumer price index.
- Where Tom would invest if he wanted to try to 10x his money.
- Advantages to investing in Canadian real estate versus other countries.
- Risks with data centres.
- Shifts in Dynamic’s portfolio at the beginning of the pandemic.
- The outlook on office and retail space.
- Behavioural changes that COVID-19 has brought which may stay around forever.
- The direct impact of bond interest rates.
- Reasons why REITs are a great way to get real estate exposure.
More about our guest:
Tom Dicker is Vice President and Portfolio Manager at 1832 Asset Management. Tom joined 1832 in 2011 as a portfolio manager and is a senior member of the award-winning Equity Income team. He is a global real estate specialist and is co-manager of the Dynamic Global Real Estate Fund, the Dynamic Real Estate and Infrastructure Income Fund, and the Scotia Private Real Estate Income Pooled Fund. Tom also manages several other funds with North American and US dividend mandates.
Tom has 16 years of investment industry experience and has been named as a Brendan Wood Top Gun Investment Mind, Lipper Award, and Fundata A+ Award . Tom received an Honours Bachelor of Commerce Degree from the University of Ottawa and holds the Chartered Financial Analyst designation.
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