Viewing Expert Derek Warren | StockChase
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Compiling comments that experts make about stocks while on public TV.

Viewing Expert

Derek Warren , Asst Vice President

Lincluden Investment Mgmnt


Date Signal Chart Symbol Company Opinion Price
2017-04-18 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

REITs. REITs have been more stable than the broad market because of the income component. A lot of that has been aided by lower interest rates over the last 10 years. Returns for the next 10 years will not be as strong as the previous 10. There will be a little more volatility, so you want to Buy dips and Sell peaks. Focus on your yield and you will get that plus a little bit.


Price:
$0.020
Subject:
REAL ESTATE & REIT's
Bias:
OPTIMISTIC
Owned:
_N/A
2017-04-18 HOLD Must be logged in to use chart AAR.UN-T Pure Industrial Real Estatetrust Trust

The trend that has been pushing names like this up, is the e-commerce trend. This is a fantastic company, a little pricey right now. It has done a great job of aligning itself with FedEx. There is going to be a point where that exhausts itself, which is when you can expect the price to pull back. However, there is no reason why you would want to sell a company that is doing so well and was such a good future going forward. It has brought its debt down and its earnings are very steady, and it could be very much a perpetual hold.


Price:
$6.450
Subject:
REAL ESTATE & REIT's
Bias:
OPTIMISTIC
Owned:
Yes
2017-04-18 TOP PICK Must be logged in to use chart AKR-N Acadia Realty Trust

Feels the 3 top picks have probably lagged the market unfairly. In the US, all retail REITs have been destroyed. This one has been beaten up too much. It is very rare to get this REIT at a discount. It has SOHO, Brooklyn, Chicago street front retail. It is irreplaceable real estate. Trading at a discount to NAV. Dividend yield of 3.3%. (Analysts’ price target is $35.50.)


Price:
$31.720
Subject:
REAL ESTATE & REIT's
Bias:
OPTIMISTIC
Owned:
Yes
2017-04-18 COMMENT Must be logged in to use chart AX.UN-T Artis Real Estate Investment Trust

Preferreds. The common stocks have done very well lately. They expanded into the US at the right time, which has helped provide stability. The common stock is yielding about 8%, and you may find by switching from the preferreds to the common, you get a similar yield plus upside, as opposed to the preferred which will be capped. You might want to talk to a financial advisor as some of the tax treatment might be different.


Price:
$13.670
Subject:
REAL ESTATE & REIT's
Bias:
OPTIMISTIC
Owned:
Unknown
2017-04-18 PAST TOP PICK Must be logged in to use chart BPY.UN-T Brookfield Property Partners

(A Top Pick Feb 3/16. Up 13%.) A great company, and still cheap, trading at a significant discount. When you buy this, you are buying a collection of very high quality real estate assets around the world.


Price:
$30.670
Subject:
REAL ESTATE & REIT's
Bias:
OPTIMISTIC
Owned:
Yes
2017-04-18 COMMENT Must be logged in to use chart BTB.UN-T BTB Real Estate Investment Trust

An investment in this is an investment in Québec, so you have to be favourable to the Québec marketplace, which he is. One of the struggles he has with this is that when you are a small REIT, you can have high debts or a high yield ratio. In this case, it has both. However, they know the real estate market very well. If you think the Québec economy is going to continue to improve, this is a good way to do it. Dividend yield of 8.6%.


Price:
$4.870
Subject:
REAL ESTATE & REIT's
Bias:
OPTIMISTIC
Owned:
No
2017-04-18 COMMENT Must be logged in to use chart CRT.UN-T CT Real Estate Invest Trust

Holds Canadian Tire real estate as well as some of the properties. A great company. They have good growth built into their leases and a very good real estate management team. This has been flat for about a year, and is starting to look more attractive. They continue to do very well on their earnings. Many retailers have faced issues, but this is not one of them. However, if that happens, you will end up with buildings in very, very small towns.


Price:
$14.730
Subject:
REAL ESTATE & REIT's
Bias:
OPTIMISTIC
Owned:
No
2017-04-18 COMMENT Must be logged in to use chart CSH.UN-T Chartwell Seniors Housing

A big fan of management and their story. People are getting older and need someone to take very good care of them, and this is a very good operator. The real estate component looks very attractive as well. The stock is fairly valued, perhaps a little bit rich, but he continues to hold at these levels. If there was a significant real estate correction, this company would be affected along with others in senior residences. 3.7% dividend yield.


Price:
$15.740
Subject:
REAL ESTATE & REIT's
Bias:
OPTIMISTIC
Owned:
Yes
2017-04-18 TOP PICK Must be logged in to use chart CUF.UN-T Cominar Real Estate Inv Tr

Feels the 3 top picks have probably lagged the market unfairly. He sees an improving Québec economy, and this is the largest landlord in Québec. Management has gone through some decisions over the last 2 years that were not great, when they tried to grow too aggressively. However, they have said they are done and are now focusing internally on the company. Payout ratio is a little high, but there is some visibility in the future leases that are signed but not yet economically contributing to the income statement. If you have a 3-year hold, buying in the $14 range is going to give you a very solid yield, and it will skate through over the next couple of years. Dividend yield of 10%. (Analysts’ price target is $15.)


Price:
$14.730
Subject:
REAL ESTATE & REIT's
Bias:
OPTIMISTIC
Owned:
Yes
2017-04-18 DON'T BUY Must be logged in to use chart D.UN-T Dream Office REIT

Not a name for a yield investor even though it has an attractive yield, as it is going through a lot of transitions. He has warned about owning stocks through transition periods. A great company with great management, however when you start churning the amount of assets they have, they are selling billions of dollars of assets with a hope to redeploy them. Feels the dividend could be cut again. Dividend yield of 7.5%.


Price:
$20.140
Subject:
REAL ESTATE & REIT's
Bias:
OPTIMISTIC
Owned:
No
2017-04-18 COMMENT Must be logged in to use chart DIR.UN-T Dream Industrial REIT

Industrial markets are really hot. There is a lot of growth in rents and a lot of demand from tenants. A lot of this is coming from a push of the e-commerce world, where they need more logistics, more FedExes, etc. It will also start affecting smaller centres such as this company has, as people try to have same day delivery. The yield is very sustainable and the balance sheet is okay. Over the next couple of quarters, he is looking to see a little bit more of the transition improving economics of the revenue and rent lines. A good name. Dividend yield of 8.3%.


Price:
$8.460
Subject:
REAL ESTATE & REIT's
Bias:
OPTIMISTIC
Owned:
Yes
2017-04-18 COMMENT Must be logged in to use chart EQR-N Equity Residential

This has gone through significant transactions over the last 2 years, going from the “everything” Reit in apartments, to really focusing on the coastal market. He prefers Camden Property Trust (CPT-N). The US apartment REITs have been flat, and there is a bit of concern that people will be buying houses instead of renting. This is fine for a Hold, but he wouldn’t hold your breath thinking it is going to leap up to new highs.


Price:
$64.390
Subject:
REAL ESTATE & REIT's
Bias:
OPTIMISTIC
Owned:
No
2017-04-18 TOP PICK Must be logged in to use chart FCR-T First Capital Realty

Feels the 3 top picks have probably lagged the market unfairly. This has lagged for a number of reasons. There is a bit of a concern on the retail market in general, but he would argue that their locations are highly resilient. They’ve had their guidance lowered a little because of some of the acquisitions they did, some developments cost a fair bit of money. However, long term, this is going to work out very well. Thinks management has got the message that they need to provide more FFO per share growth over the next couple of quarters. The previous CEO has been selling which has put some pressure on the stock, but has nothing to do with the valuation of the company. Dividend yield of 4.2%. (Analysts’ price target is $23.)


Price:
$20.350
Subject:
REAL ESTATE & REIT's
Bias:
OPTIMISTIC
Owned:
Yes
2017-04-18 DON'T BUY Must be logged in to use chart HLP.UN-T (Dead) HealthLease Properties REIT

Seniors accommodation, skilled nursing facilities, hospital outpatient accommodation, etc. The US market is much more complicated than what we are familiar with regarding their healthcare system. He has had a lot of difficulty understanding this company’s business. If large companies are having difficulty understanding these businesses, you may have the same difficulty.


Price:
$14.190
Subject:
REAL ESTATE & REIT's
Bias:
OPTIMISTIC
Owned:
Unknown
2017-04-18 COMMENT Must be logged in to use chart KMP.UN-T Killam Properties Inc

Apartment REITs have done very well lately. He likes this a lot, because it has always traded at a discount to its peer group. It’s always tended to have a little higher leverage. Buying more properties in Ontario as well as reducing the debt on its balance sheet, and yet it has not received the multiple pick up. A great story for a re-rating.


Price:
$13.140
Subject:
REAL ESTATE & REIT's
Bias:
OPTIMISTIC
Owned:
Yes
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