Allied Properties REIT

AP.UN-T

Analysis and Opinions about AP.UN-T

Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
October 24, 2008
(A Top Pick Aug 13/07. Down 29%.) Dominant landlord in Spadina/King area of Toronto and buildings are 98% occupied. Net operating income is up about 6% year-over-year. If you have a view that the economy will recover, the stock will be worth more in 3-5 years time. Distribution is safe.
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(A Top Pick Aug 13/07. Down 29%.) Dominant landlord in Spadina/King area of Toronto and buildings are 98% occupied. Net operating income is up about 6% year-over-year. If you have a view that the economy will recover, the stock will be worth more in 3-5 years time. Distribution is safe.
TOP PICK
TOP PICK
September 24, 2008
Single largest operator of the brick and beam space in Canada. Good portfolio of assets. Better growth profile than most REITs. Very solid management team.
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Single largest operator of the brick and beam space in Canada. Good portfolio of assets. Better growth profile than most REITs. Very solid management team.
TOP PICK
TOP PICK
August 15, 2008
(A Top Pick Aug 14/07. Up 3%.) Brick & Beam properties in Toronto, Montreal, Quebec City and Winnipeg. Only utilising about 60% of available density. This gives option value on future space though the next business cycle. 7% yield.
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(A Top Pick Aug 14/07. Up 3%.) Brick & Beam properties in Toronto, Montreal, Quebec City and Winnipeg. Only utilising about 60% of available density. This gives option value on future space though the next business cycle. 7% yield.
TOP PICK
TOP PICK
August 14, 2008
A REIT in Toronto. Bean and brick buildings. Trading at a discount to its NAV. Made a large acquisition in Montreal and some smaller ones in Toronto and have not flowed through their net operating income but should happen in the next year or so. 8.5% yield.
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A REIT in Toronto. Bean and brick buildings. Trading at a discount to its NAV. Made a large acquisition in Montreal and some smaller ones in Toronto and have not flowed through their net operating income but should happen in the next year or so. 8.5% yield.
TOP PICK
TOP PICK
June 12, 2008
Brick and beam. Continue to source accretive acquisitions and continue to release existing properties at significant spreads. Dominant landowner in the Greater Toronto Area, which will have significant upside value years later. Try to Buy below $21.
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Brick and beam. Continue to source accretive acquisitions and continue to release existing properties at significant spreads. Dominant landowner in the Greater Toronto Area, which will have significant upside value years later. Try to Buy below $21.
PAST TOP PICK
PAST TOP PICK
May 28, 2008
(A Top Pick May 17/07. Up 4%.) A pocket of properties that feed into the small businesses of the world. Got caught in the downwind of all the financial markets. Fantastic management. Rents that are in place look like they will increase. They will add with organic growth 8% to 10% in FFO. Still a Buy.
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(A Top Pick May 17/07. Up 4%.) A pocket of properties that feed into the small businesses of the world. Got caught in the downwind of all the financial markets. Fantastic management. Rents that are in place look like they will increase. They will add with organic growth 8% to 10% in FFO. Still a Buy.
TOP PICK
TOP PICK
April 10, 2008
Specialize in “brick and beam”. Properties are generally in big cities like Toronto, Montreal and Winnipeg. Have done a really decent job of growing the distribution. Excellent managers. Going forward they are doing a lot more development and intensification.
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Specialize in “brick and beam”. Properties are generally in big cities like Toronto, Montreal and Winnipeg. Have done a really decent job of growing the distribution. Excellent managers. Going forward they are doing a lot more development and intensification.
TOP PICK
TOP PICK
March 20, 2008
Has about a 7% yield. Like the real estate market. Made several acquisitions over the last year. Very comfortable with the stock.
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Has about a 7% yield. Like the real estate market. Made several acquisitions over the last year. Very comfortable with the stock.
TOP PICK
TOP PICK
March 10, 2008
Brick and beam buildings. Likes hard assets. Even though it hasn't performed well, on a relative scale it has done better than other asset classes. This is a great company that adds value to its properties. Have done a good job of increasing their distributions.
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Brick and beam buildings. Likes hard assets. Even though it hasn't performed well, on a relative scale it has done better than other asset classes. This is a great company that adds value to its properties. Have done a good job of increasing their distributions.
TOP PICK
TOP PICK
February 29, 2008
Only consolidator in post/beam niche so they are still able to do accretive acquisitions. Good leveraged position. Raised capital last year at over $19 so there is no issue there. Strong free cash flow growth. Excellent management team. Have had distribution increases of about 3.5%-4% for the last 5 years every March.
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Only consolidator in post/beam niche so they are still able to do accretive acquisitions. Good leveraged position. Raised capital last year at over $19 so there is no issue there. Strong free cash flow growth. Excellent management team. Have had distribution increases of about 3.5%-4% for the last 5 years every March.
BUY
BUY
February 21, 2008
Have a monopoly on their field, I-class properties, brick and beam buildings. Trades at a price to FFO of about 11X. Yields about 6%. Doesn't trade at a huge discount to its NAV, but what is very important is that the company has made several acquisitions over the last 3 to 6 months which will help increase their NAV.
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Have a monopoly on their field, I-class properties, brick and beam buildings. Trades at a price to FFO of about 11X. Yields about 6%. Doesn't trade at a huge discount to its NAV, but what is very important is that the company has made several acquisitions over the last 3 to 6 months which will help increase their NAV.
BUY
BUY
February 19, 2008
Brick and beam. Have properties in Quebec city, Montreal, Toronto, Winnipeg and Kitchener. Typically light industrial. Well managed. Good lease rates. Reasonable yield. Trades at about 20% discount to his estimated NAV.
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Brick and beam. Have properties in Quebec city, Montreal, Toronto, Winnipeg and Kitchener. Typically light industrial. Well managed. Good lease rates. Reasonable yield. Trades at about 20% discount to his estimated NAV.
HOLD
HOLD
January 18, 2008
Post-and beam older buildings with offices. If the market is going to get very bad, it will have some softness. Have done a very interesting media centre in Montreal. Very well managed and very responsible with their debt and leverage.
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Post-and beam older buildings with offices. If the market is going to get very bad, it will have some softness. Have done a very interesting media centre in Montreal. Very well managed and very responsible with their debt and leverage.
BUY
BUY
December 7, 2007
Focuses on class I offices (industrial/manufacturing retrofitted). Likes this one a lot. Recently did an acquisition and opened up a new market in Kitchener/Waterloo, so he continues to see significant growth, as they are the only consolidators in this space. Good yield.
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Focuses on class I offices (industrial/manufacturing retrofitted). Likes this one a lot. Recently did an acquisition and opened up a new market in Kitchener/Waterloo, so he continues to see significant growth, as they are the only consolidators in this space. Good yield.
TOP PICK
TOP PICK
November 21, 2007
Specialize in the old warehouse buildings in Montreal, Toronto and Winnipeg. They are great developers of these properties. As they get bigger, they could get taken out by a pension plan, et cetera.
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Specialize in the old warehouse buildings in Montreal, Toronto and Winnipeg. They are great developers of these properties. As they get bigger, they could get taken out by a pension plan, et cetera.
Showing 91 to 105 of 138 entries