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Compiling comments that experts make about stocks while on public TV.

2017-09-13

Opinion for Canadian Apartment Properties (CAR.UN-T)

Signal Price Bias Subject Owned
COMMENT $33.490 UNKNOWN REITs, BONDS AND DIVIDEND STOCKS No

When talking apartments, where are they located? Most of these are located in Ontario. It has done incredibly well because the Ontario economy has done well. They don’t have much exposure in Alberta, but they do have some in the Netherlands. A good company. They are not over distributing their balance sheet, so he does like this. Rent controls are back on which is not a big thing for this company, but also not a great thing. Trading at about 16X Price to AFFO, on the high side historically.

Paul Gardner, CFA
Partner and Portfolio Manager, Avenue Investment Management http://www.avenueinvestment.com/

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