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Daily Stock Opinions and Ratings
Stockchase Opinions

Kevin Hall BComm, CFARetirement Residences REITRRR.UN.TOHOLDMay 06, 2005

Getting pretty cheap at $9. Payout is $0.84 which should be secure for '05. Payout ratio is under 100%. New management identified some problems with older homes and corrected. Ontario government introduced about 20,000 new nursing home beds in the last couple of years which really affected occupancy rates. As we get through '05, most of that wll be gone. Business should improve in '06.
Kevin Hall BComm, CFAKevin Hall BComm, CFA
Owned
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$9.25

Stock price when the opinion was issued

property mngmntinvestment
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COMMENT

Retirement Residences REIT(RRR.UN.TO)

Jan 12, 2007
Being acquired by a pension fund. Expects the vote later on will accept the offer.
Photo of Charles DillinghamCharles DillinghamUnlock Rating
$8.33

Stock price when the opinion was issued

property mngmntinvestment
SELL

Retirement Residences REIT(RRR.UN.TO)

Sep 29, 2006
Sold this trust at $10.00 many months ago. If you own recommends selling half of shares at around $8.00. It is best to take a little bit off the table just in case it goes down to $6.50-7.00. Believes that there are better REITS out there.
Photo of Robert LauzonRobert Lauzon
No
Unlock Rating
$7.84

Stock price when the opinion was issued

property mngmntinvestment
SELL

Retirement Residences REIT(RRR.UN.TO)

Sep 28, 2006
Take the money and run.
Photo of David BaskinDavid Baskin
No
Unlock Rating
$8.06

Stock price when the opinion was issued

property mngmntinvestment
BUY ON WEAKNESS

Retirement Residences REIT(RRR.UN.TO)

Jul 21, 2006
Paul Reichmann plans to join the bidding for this company. Feels there will be more bids. At anything below $7.50, the risk/reward is very good and you should be buying.
Photo of Ravi SoodRavi Sood
Owned
Unlock Rating
$7.48

Stock price when the opinion was issued

property mngmntinvestment
DON'T BUY

Retirement Residences REIT(RRR.UN.TO)

Jul 07, 2006
Largest “retirement home” owner in Canada. Have had a real problem. They have two choices. 1) They get acquired or 2) cut or suspend distributions.
Photo of Paul Gardner, CFAPaul Gardner, CFA
No
Unlock Rating
$7.69

Stock price when the opinion was issued

property mngmntinvestment
DON'T BUY

Retirement Residences REIT(RRR.UN.TO)

Jun 23, 2006
Has been forced into putting itself up for sale. They have been notorious over payers. If a buyer does not materialise, there will probably be a distribution cut.
Photo of Dean OrricoDean OrricoUnlock Rating
$7.52

Stock price when the opinion was issued

property mngmntinvestment
BUY

Retirement Residences REIT(RRR.UN.TO)

Jun 09, 2006
Has an outperform rating on it. Purely speculative play and not for the risk adverse or dividend seeking investor. She is banking on a takeout.
Photo of Gail MifsudGail Mifsud
No
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$7.96

Stock price when the opinion was issued

property mngmntinvestment
COMMENT

Retirement Residences REIT(RRR.UN.TO)

May 26, 2006
Been a complete mess lately. Up for sale and a potential bidder, Chartwell, dropped out. That took the stock down. Thinks it will get sold for a higher price than what it is trading at, maybe $9.50.
Photo of Ravi SoodRavi SoodUnlock Rating
$8.25

Stock price when the opinion was issued

property mngmntinvestment
DON'T BUY

Retirement Residences REIT(RRR.UN.TO)

May 12, 2006
Payout ratio, based on Adjusted Funds From Operations, is well in excess of 100%. Have put themselves up for sale. Chartwell (CSH.UN-T) are dropping out of the bidding process. Concerned about their continuing distribution.
Photo of Sandy McIntyreSandy McIntyreUnlock Rating
$9.23

Stock price when the opinion was issued

property mngmntinvestment
DON'T BUY

Retirement Residences REIT(RRR.UN.TO)

Apr 07, 2006
Three main retirement REITs that he owns are Sunrise Senior Living (SZR.UN-T), Chartwell Seniors Housing (CSH.UN-T) and Retirement Residences (RRR.UN-T). Chartwell would be his top pick. This one is going through a takeover process. Has underperformed.
Photo of Robert LauzonRobert Lauzon
Owned
Unlock Rating
$9.99

Stock price when the opinion was issued

property mngmntinvestment
COMMENT

Retirement Residences REIT(RRR.UN.TO)

Apr 04, 2006
Basically nursing and retirement homes. They have an occupancy rate of about 82% in Ontario. Their debt to asset ratio is around 75% which is getting problematic.
Photo of Paul Gardner, CFAPaul Gardner, CFAUnlock Rating
$9.87

Stock price when the opinion was issued

property mngmntinvestment
DON'T BUY

Retirement Residences REIT(RRR.UN.TO)

Mar 31, 2006
Long term nursing care. They are basically putting themselves up for sale. There are some capital expansion issues.
Photo of Michael Simpson, CFAMichael Simpson, CFA
No
Unlock Rating
$9.50

Stock price when the opinion was issued

property mngmntinvestment
PAST TOP PICK

Retirement Residences REIT(RRR.UN.TO)

Mar 23, 2006
(A Top Pick Dec 7/05. Up 5%.) Actually hit more than $10 and then pulled back. Still likes it and their properties and feels their distribution is sustainable.
Photo of Michael SprungMichael Sprung
Owned
Unlock Rating
$9.44

Stock price when the opinion was issued

property mngmntinvestment
BUY

Retirement Residences REIT(RRR.UN.TO)

Mar 11, 2006
Retirement Residence REIT earnings have not been great. The whole market is pricey. RRR is gradually improving and they are buying other assets. They have capital. They are developing some new retirement homes. Buyer beware again but believes they will do well and are showing lots of life. Buying in the 8's.
Photo of Charles DillinghamCharles Dillingham
Owned
Unlock Rating
$9.57

Stock price when the opinion was issued

property mngmntinvestment
HOLD

Retirement Residences REIT(RRR.UN.TO)

Feb 10, 2006
Possible takeover target. Feels the value is about $10.50 a share. At the high end, it may be $10.75. If it gets near $10.50, sell it.
Photo of Ravi SoodRavi Sood
Owned
Unlock Rating
$9.80

Stock price when the opinion was issued

property mngmntinvestment

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Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at: [email protected].

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