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Opinions Sandy McIntyre
Westfield REITWFD.UN.TOTOP PICKMar 05, 2006
He started to buy Westfield REIT last year. It has a geographic concentration west of the Ontario border, trying to buy class A properties and class B and C centres. (Sears Centre in Grand Prairies)Very capable real estate people..
Sandy McIntyreOwned
$14.06
Stock price when the opinion was issued
property mngmntinvestment
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Good exposure to western Canada. Relatively new group from the point of size and new ventures they have. An up and coming REIT.
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Commercial diversified REIT, focused on western Canada. Over distributing from a free cash flow standpoint but, on pace they hit 100%, if not in Q4 this year, definitely in Q1 of old seven.
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property mngmntinvestment
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(A Top Pick March 3/06. Up 4.5% plus distributions.) Still likes it.
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This is a newer REIT. It is trading around $8.55. It has to prove itself but has expanded and taken on new properties. Believes it is an up and coming. It is largely Western based. It is one to hold and he recommends buying.
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property mngmntinvestment
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Focused on office, commercial buildings in the prairie provinces. Led by a really strong real estate management team. Trading at a reasonable valuation near its net asset value. Yields over 9%. Sometime in the 2nd quarter they will do a reverse consolidation which will attract more names to this. Should have good upside and could be a takeover target.
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A smaller real estate investment trust. Likes smaller companies as eventually smaller companies grow into larger trusts or get taken out. Excited about its future.
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