Northview Apartment Real Estate (NVU.UN.TO)…

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

TOP PICK

Went into the tar sands at the wrong time and got caught. Doing very well in Newfoundland. Less than 80% payout ratio and debt is less than 50%. Very responsible. Getting some good deals and the tar sands are starting to turn around. 16%-18% vacancy so there is a lot of room to move forward. 6.3% yield.

BUY ON WEAKNESS

Has a small operating business of furnished hotel suites, which does not qualify for the REIT tax exemption so management is going to scale back this part in order to qualify. Great name. 1st half of 2010 is going to be weak because of turn over, giving them a chance to spend CapX to maintain their apartments so growth should continue in the 2nd half.

PAST TOP PICK

(Top Pick Feb 12/09, Up %45) Multi-family in northern geographies. Loves it. Management is tremendous. Fully priced at these levels.

PAST TOP PICK

(Top Pick Oct 14 /08, Up 36%)Will continue as a REIT. They are apartment buildings in Northern Canada. Their biggest tenent is the government.

BUY

Nursing homes and apartments up in Inuvik and Fort McMurray. Yield of about 8%. Payout ratio is lower than what they are bringing money in giving them a conservative balance sheet. Benefit from lower energy costs because they are vulnerable to high oil/gas prices.

HOLD

(Market Call Minute.) Excellent properties. Wonderful balance sheet.

BUY

(Market Call Minute.) Great management team. CMHC financing. Very low pay out ratio.

TOP PICK

Primarily multi-residential. Low payout ratio in the low 80's. Excellent access to debt financing with CMHC. Low competition. Good price. Buy around $16 and Sell over $18.

BUY

Multi residential and mostly in northern geographies and Newfoundland. Excellent access to debt because they can tap into CMHC financing. Very conservative leverage.

TOP PICK

Almost 9% distribution. Real estate trusts are exempt from what happens in 2011, will continue to be a trust. Residential trust so not economic sensitivity of a shopping center. Payout ratio is very low - lots of upside without much risk.

BUY ON WEAKNESS

Primarily multiresidential seniors housing. Pretty solid cash flow. Strong growth potential internally. Free cash flow yield of about 8.5%. Try to get in at around $20 but is cheap at these levels.

BUY

Apartment buildings in Inuvik. Good managers. Have shown some good net income increases.

BUY

Started acquiring seniors housing properties, sales/lease backs as well as industrial/commercial real estate in northern and remote geographies. Waiting for a little more clarity on management strategies before buying more. Good quality. Trades at a discount to NAV.

BUY

Specializes in housing in northern Canada. Very conservative. Payout ratio is probably one of the lowest in the REITs. Its largest single tenant is government sold there is little credit risk.

BUY

Likes this one even though it has not performed well. Specialty REIT that focuses on Northern properties. Also investing in seniors housing, which adds to their Funds From Operations. Were hurt by energy costs but have cut costs.

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Northview Apartment Real Estate (NVU.UN.TO)