Summer Sale
50% off Premium Yearly
00days
00hrs
00mins
00secs
TSE:NVU.UN
Northview Apartment Real Estate (NVU.UN.TO)
36.23
-0.00 (0.00%)
as of Nov 4, 2020, 9:00:00 pm Market Open.
78 watching
Financials 
Technical Analysis 0
TOP PICK
PAST TOP PICK
(A Top Pick Aug 4/11. Up 15.27%.) Would have done better but they announced they were going to be selling their seniors housing portfolio which raised questions on proceeds they would get and what they would do. 4.7% yield.
Dennis Mitchell, CFAOwned
investment companiesfunds
PAST TOP PICK
(A Top Pick Aug 4/11. Up 15.36%.) Multifamily, primarily in northern geography. Selling their seniors housing portfolio which had been an overhang. As this works through, you should see this name work up.
Dennis Mitchell, CFAOwned
investment companiesfunds
TOP PICK
(A Top Pick March 10/11. Up 13.69%.) Underperformed phenomenally in the last little while. Going to be some changes in management. Stated they are going to get out of the nursing homes they are in but they have not got it done. On the other hand, it has low debt and low payout ratio. Caveat emptor because he doesn't know when it is going to stop going down. 5.1% distribution.
Charles DillinghamOwned
investment companiesfunds
PAST TOP PICK
BUY
Owns properties in relatively remote areas such as Northwest Territories, Northern BC and Alberta. Good REIT with a good management team. Attractive yield of 5.3%. Primary concern is sent out their retirement residences for about $200 million but will take some cash flow out of the business. Until the $200 million is deployed, it will have drag on them for the next couple of quarters.
investment companiesfunds
HOLD
Very illiquid and going through some changes. Core of their business is excellent. Problem is that most of it is in the Arctic and has residential in the mining areas. Debt is very reasonable. Trying to get rid of their nursing homes/apartments. Nothing is major but it has put a bit of cloud on them. You won't get any growth for quite a while.
investment companiesfunds
TOP PICK
The only purchasers of apartment buildings and commercial real estate in Yellowknife and Rankin Inlet so can pretty much dictate what price the transaction will take place at. Lower leverage and low payout ratio.
Dennis Mitchell, CFAOwned
investment companiesfunds
BUY
Primarily apartments but also some commercial real estate and located in northern areas of Alberta, BC and St Johns. Have increased their dividends consistently. Feels it’s worth about $32.
Dennis Mitchell, CFAOwned
investment companiesfunds
TOP PICK
Northern Alberta. Alberta and Arctic. Low debt and low payout ratio and good management group. Lots of room to grow, lots of excess capacity in Alberta where they economy is improving a lot. Number came out - very good.
Charles DillinghamOwned
investment companiesfunds
TOP PICK
WEAK BUY
Hey own several extended stay hotels. They have to deal with this before year-end because of REIT rules. Don’t be concerned about it. The change won’t be noticeably. Had a blow out quarter this quarter. A little expensive for him to buy now.
Dennis Mitchell, CFAOwned
investment companiesfunds
'%20fill='%23ffffff'%3e%3cg%20id='Pager'%20transform='translate(423.000000,%201755.000000)'%3e%3cpath%20d='M243.295367,17.286474%20C243.68919,16.9045087%20244.327703,16.9045087%20244.721525,17.286474%20L249,21.4361302%20L253.278475,17.286474%20C253.672297,16.9045087%20254.31081,16.9045087%20254.704633,17.286474%20C255.098456,17.6684393%20255.098456,18.2877274%20254.704633,18.6696927%20L249.35654,23.856763%20C249.159628,24.0477457%20248.840372,24.0477457%20248.64346,23.856763%20L243.295367,18.6696927%20C242.901544,18.2877274%20242.901544,17.6684393%20243.295367,17.286474%20Z'%20id='Path'%20transform='translate(249.000000,%2020.500000)%20scale(-1,%201)%20rotate(-90.000000)%20translate(-249.000000,%20-20.500000)%20'%3e%3c/path%3e%3c/g%3e%3c/g%3e%3c/g%3e%3c/svg%3e)
'%20fill='%23ffffff'%3e%3cg%20id='Pager'%20transform='translate(423.000000,%201755.000000)'%3e%3cpath%20d='M243.295367,17.286474%20C243.68919,16.9045087%20244.327703,16.9045087%20244.721525,17.286474%20L249,21.4361302%20L253.278475,17.286474%20C253.672297,16.9045087%20254.31081,16.9045087%20254.704633,17.286474%20C255.098456,17.6684393%20255.098456,18.2877274%20254.704633,18.6696927%20L249.35654,23.856763%20C249.159628,24.0477457%20248.840372,24.0477457%20248.64346,23.856763%20L243.295367,18.6696927%20C242.901544,18.2877274%20242.901544,17.6684393%20243.295367,17.286474%20Z'%20id='Path'%20transform='translate(249.000000,%2020.500000)%20rotate(-90.000000)%20translate(-249.000000,%20-20.500000)%20'%3e%3c/path%3e%3c/g%3e%3c/g%3e%3c/g%3e%3c/svg%3e)
(Comments for Bombardier (BBD.B-T) inserted in error. Sorry. The following are the correct comments Bill.)
Great multi-residential apartment REIT. Trades at a substantial discount to its peers with a rock solid balance sheet. Debt to growth BV is about 35%. About 17% of their debt is coming up for maturity which, if it gets refinanced at lower rates and if they are eligible for CMHC financing, will increase their cash flow by about 7% next year. Pretty decent yield of about 5%. Good acquisition candidate. Can see it at $36 in 12 months.