OneREIT (ONR.UN-T) Stock Predictions - Stockchase
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OneREIT (ONR.UN-T)

ON STOCKCHASE SINCE Feb 2005

Suburban offices.

Formerly Retrocom (August 2015)

Privatized (Oct 2017)

investment companies/funds

OneREIT

ONR.UN-T

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OneREIT (ONR.UN-T) SAVE Dec, 31, 1969, 7:00 pm

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What the experts are saying about ONR.UN-T



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COMMENT
OneREIT(ONR.UN-T) 

April 18, 2017

This is retail, which has seen pressure. It has done quite well. An owner of secondary, tertiary market. For example, there are some great properties in Mississauga that are very solid, but a lot of its markets are in smaller markets. It has done a strategic review and looking at whether they should put themselves up for sale, sell properties, etc. Some of their tertiary markets are quite illiquid and can be challenging. Retail is a tough game and he prefers an urban focus, larger cities and some of the street front retail.

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This is retail, which has seen pressure. It has done quite well. An owner of secondary, tertiary market. For example, there are some great properties in Mississauga that are very solid, but a lot of its markets are in smaller markets. It has done a strategic review and looking at whether they should put themselves up for sale, sell properties, etc. Some of their tertiary markets are quite illiquid and can be challenging. Retail is a tough game and he prefers an urban focus, larger cities and some of the street front retail.

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Derek Warren

Asst Vice , Lincluden Investment...

Price Price
$3.820
Owned Owned
No

COMMENT
OneREIT(ONR.UN-T) 

November 23, 2016

Retail strips in what he would characterize as secondary cities. With this, you are really banking on the payout ratio declining from 90% to about 80% next year, when some of their redevelopments starts to have a positive contribution on cash flow. Leverage is relatively high. He prefers Smart REIT(SRU.UN-T) which is a little better positioned, being larger and Walmart anchored.

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Retail strips in what he would characterize as secondary cities. With this, you are really banking on the payout ratio declining from 90% to about 80% next year, when some of their redevelopments starts to have a positive contribution on cash flow. Leverage is relatively high. He prefers Smart REIT(SRU.UN-T) which is a little better positioned, being larger and Walmart anchored.

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Andy Nasr

VP & Inves, Sentry Investments...

Price Price
$3.500
Owned Owned
No

DON'T BUY
OneREIT(ONR.UN-T) 

September 2, 2016

Tertiary retail. This is undergoing a strategic review, and he doesn’t think a lot is going to happen with this review. They do have a couple of great properties that will attract a bit more attention, but also have many that are less attractive. He doesn’t like transition stories, so he would wait on the sidelines. 

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Tertiary retail. This is undergoing a strategic review, and he doesn’t think a lot is going to happen with this review. They do have a couple of great properties that will attract a bit more attention, but also have many that are less attractive. He doesn’t like transition stories, so he would wait on the sidelines. 

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Derek Warren

Asst Vice , Lincluden Investment...

Price Price
$3.680
Owned Owned
Unknown

SELL
OneREIT(ONR.UN-T) 

May 6, 2016

(Market Call Minute.) This is tertiary markets with some development risks.

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(Market Call Minute.) This is tertiary markets with some development risks.

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Derek Warren

Asst Vice , Lincluden Investment...

Price Price
$3.400
Owned Owned
Unknown

COMMENT
OneREIT(ONR.UN-T) 

September 11, 2015

Has gone through a rebranding and cut their dividend dramatically. It was an old, old structure with a high payout in tertiary markets which created a lot of weight on it. Management cut their dividend back to a responsible level. They have some very interesting development projects. Although it is a very small REIT, they have 15% of their balance sheet under development right now. While that is a risk, it is perhaps an opportunity in tertiary markets. This could have an accelerated outcome should the economy start to improve.

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Has gone through a rebranding and cut their dividend dramatically. It was an old, old structure with a high payout in tertiary markets which created a lot of weight on it. Management cut their dividend back to a responsible level. They have some very interesting development projects. Although it is a very small REIT, they have 15% of their balance sheet under development right now. While that is a risk, it is perhaps an opportunity in tertiary markets. This could have an accelerated outcome should the economy start to improve.

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Derek Warren

Asst Vice , Lincluden Investment...

Price Price
$3.030
Owned Owned
No

DON'T BUY
OneREIT(ONR.UN-T) 

July 27, 2015

The stock is undervalued.  It was a good thing that they cut the dividend.  It is in tertiary markets and some require significant amounts of capital to turn them around.

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The stock is undervalued.  It was a good thing that they cut the dividend.  It is in tertiary markets and some require significant amounts of capital to turn them around.

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Derek Warren

Asst Vice , Lincluden Investment...

Price Price
$3.190
Owned Owned
Unknown

COMMENT
OneREIT(ONR.UN-T) 

March 18, 2015

This is a retail REIT and most of what they own is not of the highest quality. Faced some headwinds recently. They have a number of Zeller locations that have still not been re-tenanted, so their occupancy has gone lower. Bought some assets and raised equity at what he believes is a discount to their NAV. Payout ratio continues to remain above 100%.

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This is a retail REIT and most of what they own is not of the highest quality. Faced some headwinds recently. They have a number of Zeller locations that have still not been re-tenanted, so their occupancy has gone lower. Bought some assets and raised equity at what he believes is a discount to their NAV. Payout ratio continues to remain above 100%.

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Michael Missagh

VP & Sr. P, Sentry Investments...

Price Price
$3.870
Owned Owned
No

DON'T BUY
OneREIT(ONR.UN-T) 

January 29, 2015

A good portion of the distribution is a return of capital.  It is a haphazard set of assets.  The management team has made the REIT much better than it was 5 years ago.  But it will be hard for them to right size their balance sheet.

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A good portion of the distribution is a return of capital.  It is a haphazard set of assets.  The management team has made the REIT much better than it was 5 years ago.  But it will be hard for them to right size their balance sheet.

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Ben Cheng

President , Aston Hill Financial...

Price Price
$4.040
Owned Owned
Unknown

DON'T BUY
OneREIT(ONR.UN-T) 

September 5, 2014

Lower quality malls across Canada.  Does not like that they pay out more than they earn (120%).  They have old Zellers that they have to re-develop.  He is on the sidelines, for now.

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Lower quality malls across Canada.  Does not like that they pay out more than they earn (120%).  They have old Zellers that they have to re-develop.  He is on the sidelines, for now.

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Derek Warren

Asst Vice , Lincluden Investment...

Price Price
$4.400
Owned Owned
No

DON'T BUY
OneREIT(ONR.UN-T) 

July 15, 2014

The economy in their areas is a little strained.  It is under pressure still.  High payout ratio and it is also doing development.  Yield should be safe but it is not an area of growth.

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The economy in their areas is a little strained.  It is under pressure still.  High payout ratio and it is also doing development.  Yield should be safe but it is not an area of growth.

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Derek Warren

Asst Vice , Lincluden Investment...

Price Price
$4.500
Owned Owned
Unknown

DON'T BUY
OneREIT(ONR.UN-T) 

July 9, 2014

Did a good job of growing their portfolio, but they have not done enough to lower their payout ratio.  Thinks capital raising will become more difficult for lower cap REITs.  They face some really tough leasing.  A number of Zellers locations were not taken up by Target.

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Did a good job of growing their portfolio, but they have not done enough to lower their payout ratio.  Thinks capital raising will become more difficult for lower cap REITs.  They face some really tough leasing.  A number of Zellers locations were not taken up by Target.

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Michael Missagh

VP & Sr. P, Sentry Investments...

Price Price
$4.550
Owned Owned
No

DON'T BUY
OneREIT(ONR.UN-T) 

June 9, 2014

This is a portfolio of secondary retail strip assets. Trades at a discount to NAV, but his bias is towards larger, liquid, well-capitalized names with organic growth potential. While there is some organic growth potential here, it doesn’t really meet the leverage requirements.

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This is a portfolio of secondary retail strip assets. Trades at a discount to NAV, but his bias is towards larger, liquid, well-capitalized names with organic growth potential. While there is some organic growth potential here, it doesn’t really meet the leverage requirements.

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Andy Nasr

VP & Inves, Sentry Investments...

Price Price
$4.690
Owned Owned
No

HOLD
OneREIT(ONR.UN-T) 

April 29, 2014

Sponsored by the smart center group.  A fine group.  But they overpay on the distribution.  He is not there because of the overpayment.  Not one of his favorites.  A little higher in the debt area so if rates rise it could impact them.

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Sponsored by the smart center group.  A fine group.  But they overpay on the distribution.  He is not there because of the overpayment.  Not one of his favorites.  A little higher in the debt area so if rates rise it could impact them.

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Derek Warren

Asst Vice , Lincluden Investment...

Price Price
$4.780
Owned Owned
No

COMMENT
OneREIT(ONR.UN-T) 

March 19, 2014

One of the smaller retail REITs in Canada. Have done a very good job over the last 2-3 years of using their cost of capital to improve the quality of their assets as well as trying to improve their balance sheet and payout ratios. Payout ratio is still above 100% and will remain above 100% this year on adjusted funds from operations. Doesn’t believe there will be a cut in distributions, but he would like to see more sustainability in their payout ratio before getting involved.

investment companies/funds
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One of the smaller retail REITs in Canada. Have done a very good job over the last 2-3 years of using their cost of capital to improve the quality of their assets as well as trying to improve their balance sheet and payout ratios. Payout ratio is still above 100% and will remain above 100% this year on adjusted funds from operations. Doesn’t believe there will be a cut in distributions, but he would like to see more sustainability in their payout ratio before getting involved.

investment companies/funds
0 0 0 0 0
0 comments
Michael Missagh

VP & Sr. P, Sentry Investments...

Price Price
$4.710
Owned Owned
No

BUY
OneREIT(ONR.UN-T) 

February 28, 2014

REITs are outperforming what we see in high yield bonds.  Bonds only return the coupon to the holder but REITs can grow.  RMM has to focus on right sizing its balance sheet and increasing occupancy.  The management team is doing that as we speak.  Longer term they look good.  The bond content of his portfolio is down to 30% and REITs are 10% but he is moving away from both classes into dividend paying stocks.

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REITs are outperforming what we see in high yield bonds.  Bonds only return the coupon to the holder but REITs can grow.  RMM has to focus on right sizing its balance sheet and increasing occupancy.  The management team is doing that as we speak.  Longer term they look good.  The bond content of his portfolio is down to 30% and REITs are 10% but he is moving away from both classes into dividend paying stocks.

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0 0 0 0 0
0 comments
Ben Cheng

President , Aston Hill Financial...

Price Price
$4.650
Owned Owned
No

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