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

Last Price Recorded: $37.2000 on 2017-11-17

ON STOCKCHASE SINCE Nov 2001

investment companies/funds

Canadian Apartment Properties


Signal Opinion Expert

2017-11-14

COMMENT
Canadian Apartment Properties (CAR.UN-T)

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 Management

Price: $36.800
Owned: Unknown

2017-10-19

COMMENT
Canadian Apartment Properties (CAR.UN-T)

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

Price: $34.680
Owned: Yes

2017-09-13

COMMENT
Canadian Apartment Properties (CAR.UN-T)

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 Management

Price: $33.490
Owned: No

2017-08-17

WEAK BUY
Canadian Apartment Properties (CAR.UN-T)

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 InvMngmnt

Price: $33.790
Owned: No

2017-08-02

COMMENT
Canadian Apartment Properties (CAR.UN-T)

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

Price: $32.970
Owned: Unknown

2017-06-21

COMMENT
Canadian Apartment Properties (CAR.UN-T)

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

Price: $33.510
Owned: Unknown

2017-04-17

BUY
Canadian Apartment Properties (CAR.UN-T)

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 Management

Price: $34.340
Owned: Yes

2017-03-28

BUY
Canadian Apartment Properties (CAR.UN-T)

They have some exposure to Alberta but most is Ontario, Quebec and BC.  There is very little vacancy.  They have executed incredibly well. He likes the company and its assets.  This one is defensive in nature.  Apartments do well in a real estate downturn.

investment companies/funds
Paul Gardner, CFA

Partner and Portfolio Manager, Avenue Investment Management

Price: $33.350
Owned: Unknown

2017-03-01

BUY
Canadian Apartment Properties (CAR.UN-T)

He is not a fan of REITs. They generally don’t increase the distributions. To grow they have to issue more capital. They’ve never been the best compounders of capital. However, this one is a wonderful company, and one that pretty much increases distribution every year. They own the best apartments in Canada, and are now looking for growth outside of Canada.

investment companies/funds
Barry Schwartz

CIO & Portfolio Manager, Baskin Wealth Management

Price: $32.580
Owned: Yes

2017-02-16

TOP PICK
Canadian Apartment Properties (CAR.UN-T)

Canada’s biggest land lord.  They are opening up frontiers in Europe.  It is a wonderfully run company.  Very nice distribution.  Very solid balance sheet.  (Analysts target: $33.15).

investment companies/funds
David Baskin

President, Baskin Wealth Management

Price: $31.910
Owned: Yes

2017-02-03

PAST TOP PICK
Canadian Apartment Properties (CAR.UN-T)

(A Top Pick Dec 18/15. Up 22.55%.) The minute you put in mortgage reforms and try to avoid people overextending themselves on a house, they are going to rent. He is a big fan of renting. It has a great role in society. This is the largest landlord in Ontario, and benefits from that.

investment companies/funds
Derek Warren

Asst Vice President, Lincluden Investment Mgmnt

Price: $31.900
Owned: Yes

2016-12-20

COMMENT
Canadian Apartment Properties (CAR.UN-T)

H&R Reit (HR.UN-T) or Canadian Apartment Properties (CAR.UN-T)?On REITs, it is not the front-page story that kills you, but the story you don’t know that kills you. Everybody knows interest rates are probably going to go up, which may already be priced into some. A lot of them benefit from rising interest rates because it means the economy is improving. These are 2 of the best along with RioCan (REI.UN-T). These are great investments, but are not his best investment idea. If he had a list of 30 stocks, 29 and 30 would be a REIT. You don’t get a lot of dividend increases or capital appreciation. You own them for the income. A younger person’s portfolio should not have a REIT.

investment companies/funds
Barry Schwartz

CIO & Portfolio Manager, Baskin Wealth Management

Price: $30.480
Owned: Yes

2016-11-17

PAST TOP PICK
Canadian Apartment Properties (CAR.UN-T)

(A Top Pick Nov 12/15. Up 23.09%.) He is really concerned about Toronto prices. This move of mortgage rates going up is very dangerous for housing prices. They are also making it harder for new buyers, which means they have to rent longer, so you want to own the biggest apartment landlord in Ontario.

investment companies/funds
Derek Warren

Asst Vice President, Lincluden Investment Mgmnt

Price: $30.130
Owned: Yes

2016-09-02

TOP PICK
Canadian Apartment Properties (CAR.UN-T)

The sector is relatively fairly valued, but apartments have really pulled off. This one started to drop after they announced they had some weakness in their Calgary portfolio, which is only about 7% of the portfolio. Everything else was doing very well. The stock pulled off about 10%. An opportunity to pick up a high quality, very liquid real estate. Yield of 4.11% and a decent valuation.

investment companies/funds
Derek Warren

Asst Vice President, Lincluden Investment Mgmnt

Price: $30.400
Owned: Yes

2016-08-10

COMMENT
Canadian Apartment Properties (CAR.UN-T)

Canadian REITs generally tend to do well in the spring and summer. It is now starting to break down. Chart shows a strong upward trend line which was just violated today. Investors are shying away from these defensive names, which have had substantial run ups from their low. Seasonality has worked out well, but it is now reaching that Sell signal. We are a month away from the seasonal peak, but you want to stay away from this for now. 

investment companies/funds
Jon Vialoux

Research Analyst, Timingthemarket.ca & Equityclock.com

Price: $31.260
Owned: Unknown

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