140

Canadian Apartment Properties (CAR.UN-T)

ON STOCKCHASE SINCE Nov 2001

investment companies/funds

Canadian Apartment Proper...
CAR.UN-T

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Signal	Opinion	Expert
BUY on WEAKNESS	Canadian Apartment Properties(CAR.UN-T) December 5, 2018 A shortage of housing and a willingness to rent to added to their tailwinds. At these levels, he would wait for a better price. investment companies/funds 0 0 0 0 0 0 comments	A shortage of housing and a willingness to rent to added to their tailwinds. At these levels, he would wait for a better price. investment companies/funds 0 0 0 0 0 0 comments Joshua Varghese Portfolio , Signature Global Ass... Price $46.400 Owned No

BUY	Canadian Apartment Properties(CAR.UN-T) November 27, 2018 It's still a buy. Doug Ford took rent control off new Ontario apartments, which did this sector a favour. This will spur new building of units. A well-run company. The dividend is under 4%, which is slightly lower than other REITs, but boasts better growth potential. investment companies/funds 0 0 0 0 0 0 comments	It's still a buy. Doug Ford took rent control off new Ontario apartments, which did this sector a favour. This will spur new building of units. A well-run company. The dividend is under 4%, which is slightly lower than other REITs, but boasts better growth potential. investment companies/funds 0 0 0 0 0 0 comments David Baskin President, Baskin Wealth Manage... Price $46.600 Owned Yes
BUY	Canadian Apartment Properties(CAR.UN-T) August 29, 2018 Still likes the assets, management, and the huge shortage of high-quality apartments in markets like Toronto. A great holding. investment companies/funds 1 0 0 0 0 0 comments	Still likes the assets, management, and the huge shortage of high-quality apartments in markets like Toronto. A great holding. investment companies/funds 1 0 0 0 0 0 comments David Baskin President, Baskin Wealth Manage... Price $46.370 Owned Unknown
DON'T BUY	Canadian Apartment Properties(CAR.UN-T) July 31, 2018 Has done fantastically, owning apartment buildings mainly in Ontario. Largest landlord in Toronto region, and benefiting from high rents. Biggest issue is that it’s very expensive, trading about 28x AFFO, compared to most REITs at 16-18x. Large cap spend on older units, but they’re developing so there’s growth. Question as to what new Ontario government will do with rent control. investment companies/funds 0 0 0 0 0 0 comments	Has done fantastically, owning apartment buildings mainly in Ontario. Largest landlord in Toronto region, and benefiting from high rents. Biggest issue is that it’s very expensive, trading about 28x AFFO, compared to most REITs at 16-18x. Large cap spend on older units, but they’re developing so there’s growth. Question as to what new Ontario government will do with rent control. investment companies/funds 0 0 0 0 0 0 comments Paul Gardner, C Partner an, Avenue Investment Ma... Price $43.350 Owned Unknown
HOLD	Canadian Apartment Properties(CAR.UN-T) June 22, 2018 They did very well in Q1. Funds from operations up 10% y-o-y. NOI up 7%. Good balance sheet. 72% payout ratio. 47% debt to fair value. Everything great except it is trading at 22.8 times 2019 earnings. investment companies/funds 0 0 0 0 0 0 comments	They did very well in Q1. Funds from operations up 10% y-o-y. NOI up 7%. Good balance sheet. 72% payout ratio. 47% debt to fair value. Everything great except it is trading at 22.8 times 2019 earnings. investment companies/funds 0 0 0 0 0 0 comments Greg Newman Director &, Scotia Wealth Manage... Price $43.100 Owned Yes
COMMENT	Canadian Apartment Properties(CAR.UN-T) February 23, 2018 Income generator. A stable one. It is richly valued. They look for a combination if income and growth. investment companies/funds 0 0 0 0 0 0 comments	Income generator. A stable one. It is richly valued. They look for a combination if income and growth. investment companies/funds 0 0 0 0 0 0 comments Greg Newman Director &, Scotia Wealth Manage... Price $35.360 Owned No
SELL	Canadian Apartment Properties(CAR.UN-T) February 15, 2018 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 0 0 0 0 0 0 comments	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 0 0 0 0 0 0 comments John Zechner Chairman, J. Zechner & Assoc... Price $36.710 Owned Unknown
PAST TOP PICK	Canadian Apartment Properties(CAR.UN-T) February 13, 2018 (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 0 0 0 0 0 0 comments	(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 0 0 0 0 0 0 comments David Baskin President, Baskin Wealth Manage... Price $35.760 Owned Unknown
DON'T BUY	Canadian Apartment Properties(CAR.UN-T) February 9, 2018 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 0 0 0 0 0 0 comments	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 0 0 0 0 0 0 comments John Hood President , J. C Hood Investment... Price $34.940 Owned No
COMMENT	Canadian Apartment Properties(CAR.UN-T) February 7, 2018 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 0 0 0 0 0 0 comments	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 0 0 0 0 0 0 comments Paul Gardner, C Partner an, Avenue Investment Ma... Price $35.560 Owned Unknown
BUY	Canadian Apartment Properties(CAR.UN-T) January 4, 2018 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 0 0 0 0 0 0 comments	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 0 0 0 0 0 0 comments David Baskin President, Baskin Wealth Manage... Price $36.570 Owned Unknown
COMMENT	Canadian Apartment Properties(CAR.UN-T) December 12, 2017 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 0 0 0 0 0 0 comments	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 0 0 0 0 0 0 comments Christine Poole CEO & Mana, GlobeInvest Capital ... Price $37.100 Owned No
HOLD	Canadian Apartment Properties(CAR.UN-T) November 29, 2017 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 0 0 0 0 0 0 comments	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 0 0 0 0 0 0 comments Andy Nasr VP & Inves, Sentry Investments... Price $37.010 Owned Yes
COMMENT	Canadian Apartment Properties(CAR.UN-T) November 14, 2017 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 0 0 0 0 0 0 comments	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 0 0 0 0 0 0 comments David Baskin President, Baskin Wealth Manage... Price $36.800 Owned Unknown
COMMENT	Canadian Apartment Properties(CAR.UN-T) October 19, 2017 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 0 0 0 0 0 0 comments	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 0 0 0 0 0 0 comments Andy Nasr VP & Inves, Sentry Investments... Price $34.680 Owned Yes

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