Canadian Apartment Properties

CAR.UN-T

Analysis and Opinions about CAR.UN-T

Signal
Opinion
Expert
BUY
BUY
November 26, 2020
Buy it here. Largest publicly traded landlord in Canada. Occupancy is holding high. Cashflow resilient. Over the next couple of months, you'll see some private transactions that will solidify the NAV and it will trade closer to its proper NAV.
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Buy it here. Largest publicly traded landlord in Canada. Occupancy is holding high. Cashflow resilient. Over the next couple of months, you'll see some private transactions that will solidify the NAV and it will trade closer to its proper NAV.
TOP PICK
TOP PICK
November 10, 2020

It's the largest apartment owner in Canada at 45,000 units. They also own the largest portfolio where they own the land and rent it out. They also own in Ireland and Holland (see ERE REIT). CAP REIT reported super results last night. The lack of immigration and an Ontario rent freeze have pressured apartment REITs, but these are short-term issues that will reverse. There are low 2% cap rates in downtown Toronto, but he's very bullish CAP REIT. CAP REIT can finance its portfolio at very attractive rates (100 basis points lower than 2019). A strong buy. CAP REIT has always traded at a premium to NAV, but today you can CAP REIT at a discount--a rare opportunity.

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It's the largest apartment owner in Canada at 45,000 units. They also own the largest portfolio where they own the land and rent it out. They also own in Ireland and Holland (see ERE REIT). CAP REIT reported super results last night. The lack of immigration and an Ontario rent freeze have pressured apartment REITs, but these are short-term issues that will reverse. There are low 2% cap rates in downtown Toronto, but he's very bullish CAP REIT. CAP REIT can finance its portfolio at very attractive rates (100 basis points lower than 2019). A strong buy. CAP REIT has always traded at a premium to NAV, but today you can CAP REIT at a discount--a rare opportunity.

TOP PICK
TOP PICK
October 19, 2020
50,000 apartment units, many in the GTA. You are going to have immigration come back into Canada early next year after a vaccine starts to get used. They are collecting 99% of their rents right now. It is a blue chip REIT here in Canada that looks miss-priced. (Analysts’ price target is $55.60)
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50,000 apartment units, many in the GTA. You are going to have immigration come back into Canada early next year after a vaccine starts to get used. They are collecting 99% of their rents right now. It is a blue chip REIT here in Canada that looks miss-priced. (Analysts’ price target is $55.60)
STRONG BUY
STRONG BUY
September 29, 2020
Collection rate is a good 98% Blue-chip managers and a great portfolio. Definitely own this. It's pulled back to a heavily discounted level to NAV, which means it's cheaper to buy this on the stock market than the private market. Its value is in the $60s, but you can buy it now in the $40s. This REIT is overly discounted now, though it believes in it long term. Also, 15% of their portfolio is in Holland and Ireland, which boasts great supply and demand.
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Collection rate is a good 98% Blue-chip managers and a great portfolio. Definitely own this. It's pulled back to a heavily discounted level to NAV, which means it's cheaper to buy this on the stock market than the private market. Its value is in the $60s, but you can buy it now in the $40s. This REIT is overly discounted now, though it believes in it long term. Also, 15% of their portfolio is in Holland and Ireland, which boasts great supply and demand.
PARTIAL BUY
PARTIAL BUY
September 10, 2020
Money flows from cyclicals to defense if a vaccine comes in 2021? Residential property REITS have been resilient in the REIT space. Likes and respects this company. The bigger secular stories are demographics, immigration and urbanization. CAP managers have executed well for many years. Short-term, this is low beta. So, if there's a massive recovery (via a vaccine), money will flow from REITS like this as well as tech. But long-term, this is a proven value creator.
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Money flows from cyclicals to defense if a vaccine comes in 2021? Residential property REITS have been resilient in the REIT space. Likes and respects this company. The bigger secular stories are demographics, immigration and urbanization. CAP managers have executed well for many years. Short-term, this is low beta. So, if there's a massive recovery (via a vaccine), money will flow from REITS like this as well as tech. But long-term, this is a proven value creator.
TOP PICK
TOP PICK
June 15, 2020
It has been added to the TSX-60. Immigration will pick up after the virus. They focus on mid-level apartment buildings. Their rents are undervalued. As there is turnover, they are able to charge market rents. They are looking to grow their European division. (Analysts’ price target is $56.23)
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It has been added to the TSX-60. Immigration will pick up after the virus. They focus on mid-level apartment buildings. Their rents are undervalued. As there is turnover, they are able to charge market rents. They are looking to grow their European division. (Analysts’ price target is $56.23)
BUY WEAKNESS
BUY WEAKNESS
May 25, 2020
It depends on what the government does in terms of support for landlords. The question is whether government support will continue. He feels we will see it continue. This one has seen some consolidation. Long term these are not bad levels to get into it.
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It depends on what the government does in terms of support for landlords. The question is whether government support will continue. He feels we will see it continue. This one has seen some consolidation. Long term these are not bad levels to get into it.
BUY
BUY
April 16, 2020

BEI.UN-T, MI.UN-T and CAR.UN-T. REITs are an interesting universe right now. There is mortgage deferral relief, commercial rent relief. Residential is the best place to be right now. CAR.UN-T would be the best one. BEI.UN-T has a good component out west with potential risk for Alberta. People are going to need places to live and if they can't pay their mortgages then they will have to rent.

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BEI.UN-T, MI.UN-T and CAR.UN-T. REITs are an interesting universe right now. There is mortgage deferral relief, commercial rent relief. Residential is the best place to be right now. CAR.UN-T would be the best one. BEI.UN-T has a good component out west with potential risk for Alberta. People are going to need places to live and if they can't pay their mortgages then they will have to rent.

BUY WEAKNESS
BUY WEAKNESS
January 29, 2020
This has done so well as the majority are rental properties mostly in Toronto, where the market is so tight. They have been able to increase rents. The valuation is high now, trading at 28 times free cash flow. They also have exposure in the Netherlands. The asset class is so desirable right now. Maybe one day they will be bought out. The yield is not great here either. Yield 2.4%
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This has done so well as the majority are rental properties mostly in Toronto, where the market is so tight. They have been able to increase rents. The valuation is high now, trading at 28 times free cash flow. They also have exposure in the Netherlands. The asset class is so desirable right now. Maybe one day they will be bought out. The yield is not great here either. Yield 2.4%
BUY
BUY
January 22, 2020
Canadian REITs have done very well in recent years. He's waiting for a pullback to buy more. These names have so much growth embedded, because of the turnover of the apartments they hold. True, the valuation looks high, but their growth is strong. You gotta pull the trigger and own it.
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Canadian REITs have done very well in recent years. He's waiting for a pullback to buy more. These names have so much growth embedded, because of the turnover of the apartments they hold. True, the valuation looks high, but their growth is strong. You gotta pull the trigger and own it.
PAST TOP PICK
PAST TOP PICK
January 16, 2020
(A Top Pick Feb 07/19, Up 16%) He has really liked the apartment REITs because rents have been growing very nicely. The distributions are going up and you get a nice yield. There is a tone of money crowded into companies with high dividends but little dividend growth. Canada needs more rental housing.
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(A Top Pick Feb 07/19, Up 16%) He has really liked the apartment REITs because rents have been growing very nicely. The distributions are going up and you get a nice yield. There is a tone of money crowded into companies with high dividends but little dividend growth. Canada needs more rental housing.
PAST TOP PICK
PAST TOP PICK
January 15, 2020

(A Top Pick Jul 31/19, Up 14%) Super managers. The oldest, biggest REIT around. They are diversified. They own ERE.UN-X. They can easily build 10,000 apartments on land they currently own. Canada suffers from very low vacancies and strong demand for apartments in cities like Toronto, driven by immigrants, students and Boomers who are downsizing.

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(A Top Pick Jul 31/19, Up 14%) Super managers. The oldest, biggest REIT around. They are diversified. They own ERE.UN-X. They can easily build 10,000 apartments on land they currently own. Canada suffers from very low vacancies and strong demand for apartments in cities like Toronto, driven by immigrants, students and Boomers who are downsizing.

BUY WEAKNESS
BUY WEAKNESS
December 13, 2019
This has done very sell in the apartment space as a REIT. Near term pullback in prices may just be some profit taking and shifting into more cyclical areas. Not the highest yield. She would wait to buy on weakness.
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This has done very sell in the apartment space as a REIT. Near term pullback in prices may just be some profit taking and shifting into more cyclical areas. Not the highest yield. She would wait to buy on weakness.
DON'T BUY
DON'T BUY
December 10, 2019
This REIT and apartments have done amazingly well. Rents will move up. But CAR.UN is 28x AFFO, which is nosebleed high. If interest rates spike 0.5%, this will get hurt, sharply fall. Others in this space are cheaper.
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This REIT and apartments have done amazingly well. Rents will move up. But CAR.UN is 28x AFFO, which is nosebleed high. If interest rates spike 0.5%, this will get hurt, sharply fall. Others in this space are cheaper.
BUY
BUY
December 3, 2019
A take-out candidate? Apartments are a hot sector. Once rent control was removed, apartments are suddenly being built. Still, there isn't enough demand. REITs like this are a good way to play this space. Its dividend though is lower than its peers. It could possibly be taken out. If you've held it for 20 years, hold onto it or you pay capital gains.
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A take-out candidate? Apartments are a hot sector. Once rent control was removed, apartments are suddenly being built. Still, there isn't enough demand. REITs like this are a good way to play this space. Its dividend though is lower than its peers. It could possibly be taken out. If you've held it for 20 years, hold onto it or you pay capital gains.
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Canadian Apartment Properties(CAR.UN-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 12

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 13

Stockchase rating for Canadian Apartment Properties is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Canadian Apartment Properties(CAR.UN-T) Frequently Asked Questions

What is Canadian Apartment Properties stock symbol?

Canadian Apartment Properties is a Canadian stock, trading under the symbol CAR.UN-T on the Toronto Stock Exchange (CAR-UN-CT). It is usually referred to as TSX:CAR.UN or CAR.UN-T

Is Canadian Apartment Properties a buy or a sell?

In the last year, 13 stock analysts published opinions about CAR.UN-T. 12 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is BUY. Read the latest stock experts' ratings for Canadian Apartment Properties.

Is Canadian Apartment Properties a good investment or a top pick?

Canadian Apartment Properties was recommended as a Top Pick by Michelle Wearing on 2020-11-26. Read the latest stock experts ratings for Canadian Apartment Properties.

Why is Canadian Apartment Properties stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Canadian Apartment Properties worth watching?

13 stock analysts on Stockchase covered Canadian Apartment Properties In the last year. It is a trending stock that is worth watching.

What is Canadian Apartment Properties stock price?

On 2020-12-04, Canadian Apartment Properties (CAR.UN-T) stock closed at a price of $50.43.