InnVest Reit (INN.UN.TO) Buy, Sell or Hold

InnVest Reit (INN.UN.TO)

0.00

-0.00 (0.00%)

15 watching

SELL

Hotel properties. Has had so many problems in the last 5 years. Economic recovery is slow, but more important, tourism into Canada is getting new multiyear lows. They also have to upgrade their properties. Just cut the dividend by 20%.

Wealthica Track your Stocks in your Watch List

PAST TOP PICK

(A Top Pick Oct 7/10. Down 29.21%.) Lodging. Aeak economy plus they’ve been hurt when they did not meet the REIT structure laws where they couldn't earn more than a certain percentage of revenue from other than real estate. Have restructured and he is still buying.

PAST TOP PICK

(A Top Pick Oct 7/10. Down 38%.) Got caught in the law that said if you had real estate, you couldn’t be in other businesses. Will probably have to change to a Corporation and until it does, it is in a cloud. Still a reasonable bet.

STRONG BUY

Exclusively hotel sector. Got beat up significantly when the government changed the rules for REITs legislation with hotels no longer qualifying. Hotel REITs will basically become taxable. Huge yield of almost 12%. Net asset value is unchanged. Great properties in Western Canada.

BUY

Likes it for the risk-tolerant investor. Uses Stapled REIT model. It is a way of getting tax benefits of a REIT without being one. They will likely have to convert to a corp. and yield will come down. Believes that if you get GDP growth of 3% you can own this name.

COMMENT

Only Hotel REIT in Canada that has survived at all. Are going to have to go back and change structure to remain a REIT. Feels like a safe yield. Will probably return to being a corporation.

PAST TOP PICK

(A Top Pick June 18/10. Up 13.14%.)

BUY

Innvest is focused in the hotel center. Have some great properties in Western Canada in Major urban centers. Has a nice yield. Would not hesitate to own. If you own,hold.

DON'T BUY

Lower end motel such as Comfort Inn. Completely sensitive to the economy and was over levered, so got hit hard. Now in a lot better shape but is still sensitive to the economy as well as tourism and US tourism has dropped.

BUY

Hotel sector. They are a leading indicator in the real estate sector because their tenants have one night leases. This is the best quality hotel REIT in Canada. Strong yield. Great properties in Western Canada.

WEAK BUY

Had a week Q3. Revenue per unit came down because of discounting. What you want to see is what kind of visibility to they have – they have said weak going forward. Distribution is sustainable after having been cut. He is not a fan of lodging REITs. 7.8% yield.

BUY

Typically he does not invest in hotels but he owns this one. Have high and mid-grade quality properties. Strong management, reasonably large cap, 7% yield. Wouldn’t be top pick but he wouldn’t hesitate to but it.

TOP PICK

Really the only hotel group in Canada. Pay out ratio is quite low. Distribution has been cut twice and current yield is 7.1%. Leveraged to the economy.

BUY

Only one in Canada exposed to the hotel market that is well run and diversified. Numbers haven't been great but they are survivors and he thinks they will maintain their distributions. 7.7% yield.

COMMENT

Restructured so that the ownership of the hotels is in one trust and the Corp that is stapled to it, manages the hotels and earns the taxable income. Expect they will structure the Corp with enough debt so that there is no taxable income in it. Q3 and Q4 tend to be strong.

Showing 31 to 45 of 84 entries

Most Recent Experts

Larry Berman CFA, CMT, CTA

ETF Capital Management Inc.

Ryan Bushell

Newhaven Asset Management

Rick Rule

Rule Investment Media

Chris Blumas

at Raymond James Investment Counsel Ltd.

The Panic-Proof Portfolio (Stockchase Research)

Stockchase Premium

Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at : [email protected].

Summer Sale

InnVest Reit (INN.UN.TO)