Allied Properties REIT

AP.UN-T

Analysis and Opinions about AP.UN-T

Signal
Opinion
Expert
TOP PICK
TOP PICK
December 9, 2013

It is flat for the year, which is one of the better performances. 4.4% yield. Brick and beam old factories on the fringes of downtown Toronto and Montreal, now expanding out west. Growing its funds from operations and just raised its distribution. AFFO is up about 17% this year. They own the big Internet Hubs for Canada.

Show full opinionHide full opinion

It is flat for the year, which is one of the better performances. 4.4% yield. Brick and beam old factories on the fringes of downtown Toronto and Montreal, now expanding out west. Growing its funds from operations and just raised its distribution. AFFO is up about 17% this year. They own the big Internet Hubs for Canada.

PAST TOP PICK
PAST TOP PICK
November 20, 2013

(A Top Pick July 9/13. Up 7.81%.) Great performer compared to its peers. Management has done a great job in the last 3 years in bringing down leverage. In an environment where the market capital’s might be more challenging, this REIT is going to do very well. There is internal growth coming from the in place portfolio. You also are going to see developments and redevelopments coming online over the next couple of years.

Show full opinionHide full opinion

(A Top Pick July 9/13. Up 7.81%.) Great performer compared to its peers. Management has done a great job in the last 3 years in bringing down leverage. In an environment where the market capital’s might be more challenging, this REIT is going to do very well. There is internal growth coming from the in place portfolio. You also are going to see developments and redevelopments coming online over the next couple of years.

BUY
BUY
November 13, 2013

(Market Call Minute.) Highest quality REIT in Canada on a property level. Good growth prospects. The best growth in any Canadian REIT possible.

Show full opinionHide full opinion

(Market Call Minute.) Highest quality REIT in Canada on a property level. Good growth prospects. The best growth in any Canadian REIT possible.

COMMENT
COMMENT
September 24, 2013

Have been showing 7% organic growth, which is fantastic. Very well managed. They are in Calgary, Montréal, Toronto, Vancouver and Winnipeg. A long-term Hold at any time. 4.1% yield.

Show full opinionHide full opinion

Have been showing 7% organic growth, which is fantastic. Very well managed. They are in Calgary, Montréal, Toronto, Vancouver and Winnipeg. A long-term Hold at any time. 4.1% yield.

PAST TOP PICK
PAST TOP PICK
July 31, 2013

(A top pick June 17/13. Down 2.53%.) Market is down 5.25% so he is happy with his 2.53%. Fantastic company. You’re looking at a diversified asset base. Very safe on distributions. This company will generate strong same-store growth. Great balance sheet. 4.3% yield. Buy on weakness.

Show full opinionHide full opinion

(A top pick June 17/13. Down 2.53%.) Market is down 5.25% so he is happy with his 2.53%. Fantastic company. You’re looking at a diversified asset base. Very safe on distributions. This company will generate strong same-store growth. Great balance sheet. 4.3% yield. Buy on weakness.

TOP PICK
TOP PICK
July 9, 2013

Has done a great job in bringing down its payout ratio which is now sitting at about 80%. Have been one of the best REITs over the last 2 years at taking advantage of the environment of open capital markets. Raised equity, brought down leverage and purchased acquisitions that have been accretive to free cash flow. In addition they have created intensification in development opportunities that are going to add to free cash flow. They are not going to the capital markets to cooperate with them in order to generate free cash flow growth.

Show full opinionHide full opinion

Has done a great job in bringing down its payout ratio which is now sitting at about 80%. Have been one of the best REITs over the last 2 years at taking advantage of the environment of open capital markets. Raised equity, brought down leverage and purchased acquisitions that have been accretive to free cash flow. In addition they have created intensification in development opportunities that are going to add to free cash flow. They are not going to the capital markets to cooperate with them in order to generate free cash flow growth.

TOP PICK
TOP PICK
June 17, 2013

Clean balance sheet. Stability to withstand little corrections like this. 4.2% yield. He expects them to grow this. It is a premium REIT. They can grow their earnings and dividend over time.

Show full opinionHide full opinion

Clean balance sheet. Stability to withstand little corrections like this. 4.2% yield. He expects them to grow this. It is a premium REIT. They can grow their earnings and dividend over time.

TOP PICK
TOP PICK
May 13, 2013

Likes because of the development potential. Unique asset class. Thinks the stock is currently undervalued.

Show full opinionHide full opinion

Likes because of the development potential. Unique asset class. Thinks the stock is currently undervalued.

BUY
BUY
April 10, 2013

Any particular REIT with great growth potential and the possibility of an increasing dividend? He is constructive on REITs. You are not going to get too many home runs from here but you are going to get nice singles. Good combination of dividends and capital appreciation. The one that he thinks looks best still is Allied Properties (AP.UN-T). Has a compund annual growth rate of almost 14% and will do it with really strong internal growth, acquisitions and refinancing debt. Sees continued dividend growth of 3%-5%.

Show full opinionHide full opinion

Any particular REIT with great growth potential and the possibility of an increasing dividend? He is constructive on REITs. You are not going to get too many home runs from here but you are going to get nice singles. Good combination of dividends and capital appreciation. The one that he thinks looks best still is Allied Properties (AP.UN-T). Has a compund annual growth rate of almost 14% and will do it with really strong internal growth, acquisitions and refinancing debt. Sees continued dividend growth of 3%-5%.

BUY
BUY
April 4, 2013

First class office properties. High quality name. Balance sheet and payout ratio are best among peers. Occupancies have stabilized so that rent increases have passed through to tenants. The acquisition program will continue.

Show full opinionHide full opinion

First class office properties. High quality name. Balance sheet and payout ratio are best among peers. Occupancies have stabilized so that rent increases have passed through to tenants. The acquisition program will continue.

BUY
BUY
March 11, 2013

Becoming a core holding for a lot of institutional investors. Very solid management. They are the only acquirer, manager, developer, owner of class 1 real estate across Canada. Probably worth about $35.

Show full opinionHide full opinion

Becoming a core holding for a lot of institutional investors. Very solid management. They are the only acquirer, manager, developer, owner of class 1 real estate across Canada. Probably worth about $35.

DON'T BUY
DON'T BUY
November 27, 2012

This has been one of the better performers of the year. Benefited from intensification. They are in the brick and beam core center of the major cities. Has been a very stable performer. Would like to get it at a lower price.

Show full opinionHide full opinion

This has been one of the better performers of the year. Benefited from intensification. They are in the brick and beam core center of the major cities. Has been a very stable performer. Would like to get it at a lower price.

BUY
BUY
October 1, 2012

A lot of investors are getting a little bit nervous of the sector but he thinks there is probably still more to go. As rates continue to go lower or stay low, it is enormously accretive in terms of free cash flow. Feels that this company has probably 5 years of 10% annual growth due to their unique development pipeline and the trend towards urbanization. Trading at a wider multiple than the group but it is merited. Balance sheet is in really good shape and their ratio is very low and they’ll probably be boosting their distribution.

Show full opinionHide full opinion

A lot of investors are getting a little bit nervous of the sector but he thinks there is probably still more to go. As rates continue to go lower or stay low, it is enormously accretive in terms of free cash flow. Feels that this company has probably 5 years of 10% annual growth due to their unique development pipeline and the trend towards urbanization. Trading at a wider multiple than the group but it is merited. Balance sheet is in really good shape and their ratio is very low and they’ll probably be boosting their distribution.

BUY WEAKNESS
BUY WEAKNESS
August 20, 2012

Allied Properties (AP.UN-T) or Calloway (CWT.UN-T)? 2 completely different REITs so you could buy both of them if you wanted. Expect that analysts will increase their target prices to the $32-$33 range. Great quality name. Exposed brick and beam finishes, Class I real estate. Quality management, quality assets, low payout and low leverage. Try to buy below $31 in order to get a 15% total return. 4.2% yield.

Show full opinionHide full opinion

Allied Properties (AP.UN-T) or Calloway (CWT.UN-T)? 2 completely different REITs so you could buy both of them if you wanted. Expect that analysts will increase their target prices to the $32-$33 range. Great quality name. Exposed brick and beam finishes, Class I real estate. Quality management, quality assets, low payout and low leverage. Try to buy below $31 in order to get a 15% total return. 4.2% yield.

TOP PICK
TOP PICK
August 13, 2012

Everybody is yield starved so this is the area to focus on. Canadian REITs have a very low cost to capital, which is why they are growing nicely. This one has a very strong portfolio of Class 1 real estate, half of it in Toronto and are going through a process to intensify the use of it. Thinks they can get 10% distribution growth. 4.4% dividend.

Show full opinionHide full opinion

Everybody is yield starved so this is the area to focus on. Canadian REITs have a very low cost to capital, which is why they are growing nicely. This one has a very strong portfolio of Class 1 real estate, half of it in Toronto and are going through a process to intensify the use of it. Thinks they can get 10% distribution growth. 4.4% dividend.

Showing 46 to 60 of 138 entries