Canadian Apartment Properties

CAR.UN-T

Analysis and Opinions about CAR.UN-T

Signal
Opinion
Expert
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.
PAST TOP PICK
PAST TOP PICK
October 1, 2019
(A Top Pick Aug 13/19, Up 7%) The chart looks good. It moved higher in the winter, went sideways in the summer, then resumed moving up to the present. Meanwhile, collect the dividend.
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(A Top Pick Aug 13/19, Up 7%) The chart looks good. It moved higher in the winter, went sideways in the summer, then resumed moving up to the present. Meanwhile, collect the dividend.
DON'T BUY
DON'T BUY
September 20, 2019
It’s probably too late to get in. The dividend will grow at 8% but the dividend is pretty small compared to a traditional REIT. It’s also very expensive. Would go for another company with higher growth rate.
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It’s probably too late to get in. The dividend will grow at 8% but the dividend is pretty small compared to a traditional REIT. It’s also very expensive. Would go for another company with higher growth rate.
BUY
BUY
September 4, 2019
Buy at current levels? Yes, because new Canadians continue to enter our cities which feeds housing demand. CAR is expensive, because it keeps growing.
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Buy at current levels? Yes, because new Canadians continue to enter our cities which feeds housing demand. CAR is expensive, because it keeps growing.
BUY
BUY
August 22, 2019
An industrial or residential REIT? Both sectors are great with strong supply/demand imbalance. CAR is mostly based in Ontario and have 10,000 units they can develop--a strong pipeline. Fine managers. Look at Top Picks for an industrial REIT.
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An industrial or residential REIT? Both sectors are great with strong supply/demand imbalance. CAR is mostly based in Ontario and have 10,000 units they can develop--a strong pipeline. Fine managers. Look at Top Picks for an industrial REIT.
TOP PICK
TOP PICK
August 13, 2019
It's been sideways this year and only recently breaking out to all-time highs. The chart looks awesome and there's strong demand for rentals. And you're paid a dividend. (Analysts’ price target is $52.56)
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It's been sideways this year and only recently breaking out to all-time highs. The chart looks awesome and there's strong demand for rentals. And you're paid a dividend. (Analysts’ price target is $52.56)
BUY
BUY
August 6, 2019

A residential REIT in America or Canada He likes rentals. The young can't afford condos, so they're renting. Rentals are good inflation hedges. Owners can raise accordingly (depsite rent control) and there's also turnover. There aren't many apartment REITs in Canada, either. Also likes Dream Global REIT for international exposure.

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A residential REIT in America or Canada He likes rentals. The young can't afford condos, so they're renting. Rentals are good inflation hedges. Owners can raise accordingly (depsite rent control) and there's also turnover. There aren't many apartment REITs in Canada, either. Also likes Dream Global REIT for international exposure.

TOP PICK
TOP PICK
July 31, 2019
All the demographics and secular boxes are checked. They own 41,500 residential units in Toronto -- accounting for half the funds asset value. They have the ability to develop 10,000 new apartment units. A big presence in the Netherlands and Dublin as well -- the only pure apartment play there. Yield 2.83% (Analysts’ price target is $52.56)
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All the demographics and secular boxes are checked. They own 41,500 residential units in Toronto -- accounting for half the funds asset value. They have the ability to develop 10,000 new apartment units. A big presence in the Netherlands and Dublin as well -- the only pure apartment play there. Yield 2.83% (Analysts’ price target is $52.56)
DON'T BUY
DON'T BUY
July 9, 2019
It has benefited from population growth in the residential housing space. They own assets across Canada. He thinks they may become a major take out target. Their free cash flow yield is pretty low, around 3%, so he thinks there may be better opportunities out there.
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It has benefited from population growth in the residential housing space. They own assets across Canada. He thinks they may become a major take out target. Their free cash flow yield is pretty low, around 3%, so he thinks there may be better opportunities out there.
BUY
BUY
May 30, 2019
REITs are still in favour. Remember that they've performed quite well this year. The sell off is an attractive time to buy. Really likes this one. You have to own it if you're going to play the Canadian apartment space. Largest Canadian landlord. Own European assets as well. A steady name. Room for growth.
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REITs are still in favour. Remember that they've performed quite well this year. The sell off is an attractive time to buy. Really likes this one. You have to own it if you're going to play the Canadian apartment space. Largest Canadian landlord. Own European assets as well. A steady name. Room for growth.
VAGUE
VAGUE
May 16, 2019
Fantastic ride. He likes it. They execute well. He never owned it based on valuations. They do well renovating. They are doing well in the Netherlands and doing very well there. When you miss a boat you get to be shy about it.
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Fantastic ride. He likes it. They execute well. He never owned it based on valuations. They do well renovating. They are doing well in the Netherlands and doing very well there. When you miss a boat you get to be shy about it.
BUY
BUY
March 26, 2019
He liked this so much because the old Wynne government in Ontario re-imposed rent controls which discouraged the construction of new apartments. CAR.UN has excellent management, However, will the Ford government remove rent control and encourage developers to go into high-end apartments? If so, it could take 5 years to create an oversupply of apartments, so he feels safe with this REIT. CAR.UN holds first-class assets.
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He liked this so much because the old Wynne government in Ontario re-imposed rent controls which discouraged the construction of new apartments. CAR.UN has excellent management, However, will the Ford government remove rent control and encourage developers to go into high-end apartments? If so, it could take 5 years to create an oversupply of apartments, so he feels safe with this REIT. CAR.UN holds first-class assets.
HOLD
HOLD
March 20, 2019
It's better to rent than buy, even with yesterday's new incentive in the federal budget. So, rentals will stay tight. He wishes he owns this REIT. They've done a good job creating value with most assets in Ontario where rents have increased. He sees no headwinds against CAR.UN, but it trades at 26x AFFO, which is high. It's too pricey to enter now. The higher it rises, the shyer he gets. Definitely hold it.
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It's better to rent than buy, even with yesterday's new incentive in the federal budget. So, rentals will stay tight. He wishes he owns this REIT. They've done a good job creating value with most assets in Ontario where rents have increased. He sees no headwinds against CAR.UN, but it trades at 26x AFFO, which is high. It's too pricey to enter now. The higher it rises, the shyer he gets. Definitely hold it.
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