Canadian Apartment Properties

CAR.UN-T

Analysis and Opinions about CAR.UN-T

Signal
Opinion
Expert
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.
BUY
BUY
December 2, 2019
Has grown 280% over 10 years. A great way to play residential rentals in Canadian cities like Toronto.
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Has grown 280% over 10 years. A great way to play residential rentals in Canadian cities like Toronto.
HOLD
HOLD
November 27, 2019
CAR.UN vs IIP.UN He likes both as they both have exposure to apartments in the Toronto market. Both have outstanding management teams and great opportunities ahead. He would hold both of them.
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CAR.UN vs IIP.UN He likes both as they both have exposure to apartments in the Toronto market. Both have outstanding management teams and great opportunities ahead. He would hold both of them.
PAST TOP PICK
PAST TOP PICK
November 27, 2019
(A Top Pick Jul 31/19, Up 15%) He would continue to hold this. The right space in apartment rentals at the right time. They hold assets in the Netherlands and Ireland as well.
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(A Top Pick Jul 31/19, Up 15%) He would continue to hold this. The right space in apartment rentals at the right time. They hold assets in the Netherlands and Ireland as well.
PAST TOP PICK
PAST TOP PICK
November 20, 2019
(A Top Pick Feb 07/19, Up 14%) Rental increases in Canada are in the low teens, which is helping distributions. It remains attractive in the yield space. He remains interested in residential and industrial REITs.
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(A Top Pick Feb 07/19, Up 14%) Rental increases in Canada are in the low teens, which is helping distributions. It remains attractive in the yield space. He remains interested in residential and industrial REITs.
TOP PICK
TOP PICK
November 18, 2019
The REITs are re-accelerating even among bond proxies and CAP REIT is revving up. This will outperform the market. (Analysts’ price target is $57.13)
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The REITs are re-accelerating even among bond proxies and CAP REIT is revving up. This will outperform the market. (Analysts’ price target is $57.13)
BUY
BUY
November 4, 2019
We have such a tight market in the Toronto market where they operate, they can move rents materially. He sees a lot of upside in the stock.
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We have such a tight market in the Toronto market where they operate, they can move rents materially. He sees a lot of upside in the stock.
BUY
BUY
October 31, 2019
Bullish on Canadian apartment sector. CAR is a growth stock, with yield. Significantly more growth for them. Likes it, a great play on the sector. Still time to get in.
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Bullish on Canadian apartment sector. CAR is a growth stock, with yield. Significantly more growth for them. Likes it, a great play on the sector. Still time to get in.
HOLD
HOLD
October 9, 2019
The biggest apartment REIT in Canada. A good, liquid way to play the fundamentals in this space. Global analysts see the GTA of Ontario a great market area, right up there with India. He wonders what their rental rate growth might be going forward. A good name to hold.
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The biggest apartment REIT in Canada. A good, liquid way to play the fundamentals in this space. Global analysts see the GTA of Ontario a great market area, right up there with India. He wonders what their rental rate growth might be going forward. A good name to hold.
HOLD
HOLD
October 8, 2019
The whole sector has been hot with rents increasing. CAR has been a great performer, but it's a lower-yielding REIT of 2.4%. He prefers higher ones like 5-7%. But this is a good grower--will that growth compensate for the low yield? Don't chase this now, but hold onto it.
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The whole sector has been hot with rents increasing. CAR has been a great performer, but it's a lower-yielding REIT of 2.4%. He prefers higher ones like 5-7%. But this is a good grower--will that growth compensate for the low yield? Don't chase this now, but hold onto it.
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