Canadian Apartment Properties | StockChase
135
Canadian Apartment Properties (CAR.UN-T)

Last Price Recorded: $40.0700 on 2018-05-19

ON STOCKCHASE SINCE Nov 2001

investment companies/funds
135
Canadian Apartment Properties (CAR.UN-T)

Last Price Recorded: $40.0700 on 2018-05-19

ON STOCKCHASE SINCE Nov 2001

investment companies/funds

Canadian Apartment Properties


Signal Opinion Expert
COMMENT

Income generator. A stable one. It is richly valued. They look for a combination if income and growth.

investment companies/funds

Income generator. A stable one. It is richly valued. They look for a combination if income and growth.

investment companies/funds
Greg Newman

Director & Portfolio Manager, Scotia Wealth Manage...

PricePrice
$35.360
Owned Owned
No

SELL

Take the money and run.  It is an all stock deal.  He is not bullish on the sector.  His issue with the sector is valuation.  There is very little growth here except by acquisition.

investment companies/funds

Take the money and run.  It is an all stock deal.  He is not bullish on the sector.  His issue with the sector is valuation.  There is very little growth here except by acquisition.

investment companies/funds
John Zechner

Chairman, J. Zechner & Assoc...

PricePrice
$36.710
Owned Owned
Unknown

PAST TOP PICK

(A Top Pick Feb. 16/17, Up 16%) High-quality properties with low vacancies and benefits from a tight rental market. Well-run though they lost their chairman. Good yield play of 3.6% that will likely rise. Lower dividend than other REITs, but with higher-growth potential.

investment companies/funds

(A Top Pick Feb. 16/17, Up 16%) High-quality properties with low vacancies and benefits from a tight rental market. Well-run though they lost their chairman. Good yield play of 3.6% that will likely rise. Lower dividend than other REITs, but with higher-growth potential.

investment companies/funds
David Baskin

President, Baskin Wealth Manage...

PricePrice
$35.760
Owned Owned
Unknown

DON'T BUY

Never a fun of REITs. He mistrusts them. He worries about the return of capital issue on REITs. He is not very keen on buying Toronto Real Estate now also. He rather had a covered call on banks for income.  

investment companies/funds

Never a fun of REITs. He mistrusts them. He worries about the return of capital issue on REITs. He is not very keen on buying Toronto Real Estate now also. He rather had a covered call on banks for income.  

investment companies/funds
John Hood

President & Portfolio Manager, J. C Hood Investment...

PricePrice
$34.940
Owned Owned
No

COMMENT

Brookfield (BPY.UN-T) vs Canadian Apartment (CAR.UN-T) He thinks Brookfield has good management and is well diversified buy has had liquidity issues. He expects Canadian Apartment to continue to outperform, because it is focused on the Greater Toronto Area where vacancy is tight and rents continue to go up. He regrets not getting into CAR.UN-T.   

investment companies/funds

Brookfield (BPY.UN-T) vs Canadian Apartment (CAR.UN-T) He thinks Brookfield has good management and is well diversified buy has had liquidity issues. He expects Canadian Apartment to continue to outperform, because it is focused on the Greater Toronto Area where vacancy is tight and rents continue to go up. He regrets not getting into CAR.UN-T.   

investment companies/funds
Paul Gardner, CFA

Partner and Portfolio Manager, Avenue Investment Ma...

PricePrice
$35.560
Owned Owned
Unknown

BUY

He still likes it.  They had a change of ownership.  They seem to be steady.  He has a lot of clients at 70 that want to sell their house and move into an apartment.  But there are insufficient apartments.

investment companies/funds

He still likes it.  They had a change of ownership.  They seem to be steady.  He has a lot of clients at 70 that want to sell their house and move into an apartment.  But there are insufficient apartments.

investment companies/funds
David Baskin

President, Baskin Wealth Manage...

PricePrice
$36.570
Owned Owned
Unknown

COMMENT

Doesn't follow this closely. It owns a lot of apartment buildings, particularly in areas like Metropolitan Toronto, where the housing market is relatively tight. Very steady cash flow streams. They get rate increases every year, so it's a relatively defensive type of investment. A good candidate if looking for yield and a defence of cash flow. Dividend yield of 3.5%.

investment companies/funds

Doesn't follow this closely. It owns a lot of apartment buildings, particularly in areas like Metropolitan Toronto, where the housing market is relatively tight. Very steady cash flow streams. They get rate increases every year, so it's a relatively defensive type of investment. A good candidate if looking for yield and a defence of cash flow. Dividend yield of 3.5%.

investment companies/funds
Christine Poole

CEO & Managing Director, GlobeInvest Capital ...

PricePrice
$37.100
Owned Owned
No

HOLD

He continues to like this. The demand/supply fundamentals are great. CHMC just released an apartment survey and their outlook for vacancies in major metropolitan city centres are absurdly low in Toronto, Montréal and Ottawa. This one tends to be focused in eastern Canada, and are definitely going to benefit from that low vacancy rate. Also, management spent a ton of money in the last 10 years reinvesting in their properties, allowing them to charge a little more for rent.

investment companies/funds

He continues to like this. The demand/supply fundamentals are great. CHMC just released an apartment survey and their outlook for vacancies in major metropolitan city centres are absurdly low in Toronto, Montréal and Ottawa. This one tends to be focused in eastern Canada, and are definitely going to benefit from that low vacancy rate. Also, management spent a ton of money in the last 10 years reinvesting in their properties, allowing them to charge a little more for rent.

investment companies/funds
Andy Nasr

VP & Investment Strategist, Sentry Investments...

PricePrice
$37.010
Owned Owned
Yes

COMMENT

There is a huge shortage of rentable apartments, particularly in Toronto. Rents keep going up. With the extension of rent control to newly built buildings in Ontario, no one is going to build anymore apartments. That has been great for this company.

investment companies/funds

There is a huge shortage of rentable apartments, particularly in Toronto. Rents keep going up. With the extension of rent control to newly built buildings in Ontario, no one is going to build anymore apartments. That has been great for this company.

investment companies/funds
David Baskin

President, Baskin Wealth Manage...

PricePrice
$36.800
Owned Owned
Unknown

COMMENT

Owns apartments in Canada, with significant exposure to Eastern Canada and a modest exposure to continental Europe. He owns this and continues to like it. It is very well-capitalized and well-run. Spent over $1 billion in investing in their own properties, enabling them to affect above guideline increases in Ontario. They will be able to benefit from the Ontario changes in rent regulations. 3.7% dividend yield.

investment companies/funds

Owns apartments in Canada, with significant exposure to Eastern Canada and a modest exposure to continental Europe. He owns this and continues to like it. It is very well-capitalized and well-run. Spent over $1 billion in investing in their own properties, enabling them to affect above guideline increases in Ontario. They will be able to benefit from the Ontario changes in rent regulations. 3.7% dividend yield.

investment companies/funds
Andy Nasr

VP & Investment Strategist, Sentry Investments...

PricePrice
$34.680
Owned Owned
Yes

COMMENT

When talking apartments, where are they located? Most of these are located in Ontario. It has done incredibly well because the Ontario economy has done well. They don’t have much exposure in Alberta, but they do have some in the Netherlands. A good company. They are not over distributing their balance sheet, so he does like this. Rent controls are back on which is not a big thing for this company, but also not a great thing. Trading at about 16X Price to AFFO, on the high side historically.

investment companies/funds

When talking apartments, where are they located? Most of these are located in Ontario. It has done incredibly well because the Ontario economy has done well. They don’t have much exposure in Alberta, but they do have some in the Netherlands. A good company. They are not over distributing their balance sheet, so he does like this. Rent controls are back on which is not a big thing for this company, but also not a great thing. Trading at about 16X Price to AFFO, on the high side historically.

investment companies/funds
Paul Gardner, CFA

Partner and Portfolio Manager, Avenue Investment Ma...

PricePrice
$33.490
Owned Owned
No

WEAK BUY

Mr. Swartz passed away in the last couple of days after being ill.  That is why you saw dislocation.  Along with other REITs it took a hit from higher rates.  It is okay to hold.  He would not want to hold retail REITs.

investment companies/funds

Mr. Swartz passed away in the last couple of days after being ill.  That is why you saw dislocation.  Along with other REITs it took a hit from higher rates.  It is okay to hold.  He would not want to hold retail REITs.

investment companies/funds
Bruce Campbell (1)

President, Campbell and Lee Inv...

PricePrice
$33.790
Owned Owned
No

COMMENT

He likes this and the apartment sector in general. Apartments are more affordable housing, and tend to be countercyclical. When the economy goes down, you tend to have people move into more affordable housing. A lot of their Net Operating Income is concentrated in Ontario. Spent a lot of money in the last 5 years on improving their properties, which has resulted in significant increases in rents. If you hold this longer-term, you should be fine. Dividend yield of 3.9%.

investment companies/funds

He likes this and the apartment sector in general. Apartments are more affordable housing, and tend to be countercyclical. When the economy goes down, you tend to have people move into more affordable housing. A lot of their Net Operating Income is concentrated in Ontario. Spent a lot of money in the last 5 years on improving their properties, which has resulted in significant increases in rents. If you hold this longer-term, you should be fine. Dividend yield of 3.9%.

investment companies/funds
Andy Nasr

VP & Investment Strategist, Sentry Investments...

PricePrice
$32.970
Owned Owned
Unknown

COMMENT

Apartment REITs? Apartment REITs are very defensive. If the economy slows down, it actually increases the demand for low income housing, which is what these apartments are. If you see the Canadian economy decline or slip into a recession, you’ll probably see more people migrate into apartments that rent out for a lot less than what it would cost you for a house or a condo. This one has been very well-managed and have spent a lot of money reinvesting back into properties. That has allowed them to affect an increase in rents above the guideline increases that is allowed in Ontario.

investment companies/funds

Apartment REITs? Apartment REITs are very defensive. If the economy slows down, it actually increases the demand for low income housing, which is what these apartments are. If you see the Canadian economy decline or slip into a recession, you’ll probably see more people migrate into apartments that rent out for a lot less than what it would cost you for a house or a condo. This one has been very well-managed and have spent a lot of money reinvesting back into properties. That has allowed them to affect an increase in rents above the guideline increases that is allowed in Ontario.

investment companies/funds
Andy Nasr

VP & Investment Strategist, Sentry Investments...

PricePrice
$33.510
Owned Owned
Unknown

BUY

Wonderful management team that have sold out of their apartments in Ontario.  They have the best apartments across Canada.  They are looking to expand outside of Canada.  It is inexpensive here.  He likes apartments here.

investment companies/funds

Wonderful management team that have sold out of their apartments in Ontario.  They have the best apartments across Canada.  They are looking to expand outside of Canada.  It is inexpensive here.  He likes apartments here.

investment companies/funds
Barry Schwartz

CIO & Portfolio Manager, Baskin Wealth Manage...

PricePrice
$34.340
Owned Owned
Yes

Showing 1 to 15 of 135 entries
<< < 1 2 3 4 5 > >>

No Comments.


You must be logged in to comment.

Successfully Saved Company