Opinions
Alex Ruus
Inovalis REIT
INO.UN-T
COMMENT
Jun 03, 2015
Stock price when the opinion was issued
You might be interested:
A small company, all France and a little bit of Germany. A very interesting way to play if you think office tenants will be leaving London and going over to Paris. They do have a larger asset manager behind them. He likes management and the properties. If you believe that something is going to happen and that Paris will benefit from BREXIT, then yes this is the name. He is a little concerned about the French economy.
Inovalis (INO.UN-T) or Dream Global (DRG.UN-T)? There is probably too much duplication to own both. These assets are a little more spread out, and concentrated in France. Instead of buying Canadian names that have exposure to Europe, he is actually going directly into Europe and buying some names.
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Management has a decent record although recent quarters saw some misses with 5 out of the last 8 missed expectations. Shares have done well since 2016 asides covid's impact. Insiders own over 20%. Unlock Premium - Try 5i Free
This is his biggest REIT holding. Based in Europe. A great play on French and German office. The Cap rates in Europe are much, much higher, so you get a much better yield of the stock as well as better upside because the valuations are a lot lower. 9% dividend yield.