Hungtingdon Capital (HNT.TO)

Not too enthused with a lot of their properties. They are not the highest quality or highest quality tenants. Management has recently been on the news about questionable practices.

Huntindon is a small REIT. Does not have the best quality of properties. Mood is okay but not great. He is holding it, good income, very experienced management. Buyer beware. Recommends not investing any more into it.

(A Top Pick Oct 7/05. Down 9%.) Excellent management team. Still committed to it and sees value in it compared to some of the senior REIT's.

This is a junior REIT which has a higher cost of capital, so they can’t buy the best properties in the best locations. Taking above average risk owning this one.

Yields just about 10%. Feels that distribution is quite safe. They have just gone from quarterly to monthly distribution. The unit has been under a little bit of pressure from finishing off the issues from raising of money in order to buy new properties.

Average cost was about $2.85. NAV is about $3.25. Good exposure to Manitoba and Western Canada. Much cheaper than the larger REIT's.