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Canadian Real Estate Investment (REF.UN.TO)

TOP PICK
Very stable name. Great balance sheet. 75% payout ratio. Good financial flexibility. While diversified across retail, industrial and office. 4.7% yield and he would anticipate a distribution increase this year.
PAST TOP PICK
(A Top Pick Jan 18/07. Up .06 % not including yields.) Very low payout ratio and one of the best quality REITs. Still likes.
TOP PICK
Really well managed. Diversified. A mixture of industrial, office and retail. Montreal and Toronto. Good price.
BUY ON WEAKNESS
One of his favourite names. Office and industrial. Spread across Canada with about 32% in Western Canada. Excellent management team and very conservatively run. Low payout ratio. Buy in the $27-$28 range. 4.5% yield.
TOP PICK
One of the largest and oldest REITs. Portfolio of retail offices and industrial properties. Diversified by properties and class and geography. Conservative management team. Great long-term track record. Lower growth profile but very stable. Conservative payout ratio. Trading at a discount to NAV. Could be a takeout candidate by a pension fund.
HOLD
They hold and hold and hold. Diversified very well managed company.
BUY
One of the best names in this space. Commercial diversified. Retail, office and industrial. Excellent management. Good core name that you can buy at discount to NAV. Very conservative payout ratio. Development is starting to ramp up.
BUY ON WEAKNESS
One of the best managed. If there is ever a takeout, this would be the best candidate. Very good mix of property, both by product and geography. 4.6% yield.
BUY
One of the best quality, best managed REITs. Has been weak lately so he has been buying. Reported good earnings and has increased distributions.
BUY
50% Retail 25% Office 25% Industrial. He like it. Very conservative leverage and payout rates.
BUY
Well distributed between office, retail and commercial. Has a good balance of inventory.
HOLD
Commercial diversified. Have a unique strategy of targeting 50% retail, 25% office and 25% industrial. No US exposure. Signed an agreement with Hopewell Developments and will see some of those assets come stream later in 2007. Started to recycle their capital by selling a half interest in a property and use the capital to buy more and new real estate.
BUY
Diversified real estate across Canada. Short term looks like it has strong positive momentum.
STRONG BUY
A diversified REIT by geography and type of property. Was going to be a Top Pick tonight but changed her mind. If you could only own one REIT, this would be the one. One of the most conservative with low debt, low payout ratio.
TOP PICK
(A Top Pick Nov 25/05. Up 3.5%.) A core real estate investment trust holding. Very strong management team. Conservative balance sheets. High quality assets. Good strategic acquisition growth as well.
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