InStorage REIT (IS.UN.TO)

BUY
Consolidating public storage space and are diversified across Canada. Expecting it to do very well over the next 12 months. Very cheap.
HOLD
Believes it has a good manager. They've bought a lot of their assets and the units have gone down. He is betting that their concept will work.
BUY
Trading at a slight discount to its NAV. Free cash flow yield is 7% compared to the 10 year bond yield at 4.4%. The only consolidator in the self-storage business. Has some good quality property, which could develop into retail areas at higher market val
TOP PICK
The only aggregator of self-storage in Canada. Covering its distribution on a free cash flow run rate. Over 7% cash yield and about 10% free cash flow yield.
HOLD
To buy to consolidate storage business. Have made some good acquisitions. He is continuing to watch it and as it grows he is more interested.
COMMENT
Self storage properties. Are now the largest self storage company in Canada, from 0 last year.Nothing is wrong with this name. Recent sell off is due to peoples over excitement and subsequent disenchantment.
BUY
Quality small-cap self-storage REIT. This is a model that has been very successful in the US. Very steady cash flow and low credit risk. When and if it gets listed on the TSX, it will open itself up to new buyers.
DON'T BUY
Wouldn't consider it a bargain right now. Almost all of their assets are new. A good team, but their portfolio is unproven. A good organization. Probably won't make you much money for a while. Has to prove itself and mature.
BUY
Good management and will continue to consolidate these self-storage space in Canada. Undervalued.
COMMENT
Good management. Acquired a lot of their properties recently. We'll be looking at this as a “ show me” company.
BUY
Public storage. Growing by acquisition. Have bought a couple of companies that were potential competition.
BUY
Consolidator of public storage spaces. A growing area. Recently made 2 acquisitions. Sees decent growth ahead.
BUY
The only publicly traded self storage REIT in Canada. Excellent management. Likes it as it is the only acquisitor in a market that is highly fragmented. Fully valued at $1.50 but given their strategy of acquiring you would still see significant upside at from these levels.
BUY
Recently made in acquisition and did a new issue to finance it. Expanded out West. They are still overpaying, but are working on this. Likes them a lot.
BUY
Grades of the company. Consolidating mom and pop public storage.
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