Canadian Apartment Properties

CAR.UN-T

Analysis and Opinions about CAR.UN-T

Signal
Opinion
Expert
TOP PICK
TOP PICK
September 2, 2016

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.

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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.

COMMENT
COMMENT
August 10, 2016

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.

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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.

COMMENT
COMMENT
July 8, 2016

To buy this, you might not get the dips that you need. Sometimes you just draw a line in the sand and then you miss it. This is a great company with great prospects going forward. Affordable housing. There is nothing more attainable than renting a quality apartment. He likes the prospects long-term.

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To buy this, you might not get the dips that you need. Sometimes you just draw a line in the sand and then you miss it. This is a great company with great prospects going forward. Affordable housing. There is nothing more attainable than renting a quality apartment. He likes the prospects long-term.

COMMENT
COMMENT
June 10, 2016

REITs in general have been a really hot group. Low interest rates help the REITs. Also, they are signalling that the economy is probably not going to be too bad. Chart shows that this one is trending higher. Dividend yield of 4%.

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REITs in general have been a really hot group. Low interest rates help the REITs. Also, they are signalling that the economy is probably not going to be too bad. Chart shows that this one is trending higher. Dividend yield of 4%.

COMMENT
COMMENT
May 31, 2016

A good company, but doesn’t know if it is the best company to own at the moment. He doesn’t see Canadian rates going up, just afraid there will be some contagion if US rates go up. One of the better areas to be invested in, in real estate, during a rising rate environment space is multifamily, which can raise rates faster than anybody else.

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A good company, but doesn’t know if it is the best company to own at the moment. He doesn’t see Canadian rates going up, just afraid there will be some contagion if US rates go up. One of the better areas to be invested in, in real estate, during a rising rate environment space is multifamily, which can raise rates faster than anybody else.

TOP PICK
TOP PICK
May 6, 2016

One of the few REITs where he could sell every single building today if he wanted to. The kind of security that investors should be thinking of, when looking at houses trading relative to NAV. There are so many people around the world who would love to own a stable, Ontario focused apartment portfolio. Dividend yield of 4.05%.

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One of the few REITs where he could sell every single building today if he wanted to. The kind of security that investors should be thinking of, when looking at houses trading relative to NAV. There are so many people around the world who would love to own a stable, Ontario focused apartment portfolio. Dividend yield of 4.05%.

COMMENT
COMMENT
May 6, 2016

They continue to put up the goods. A very, very well diversified property. Likes management and the distribution. The only offset is that it is one of the more expensive REITs, but he thinks it is justified. He would prefer to pay more for a good company than less for a bad company.

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They continue to put up the goods. A very, very well diversified property. Likes management and the distribution. The only offset is that it is one of the more expensive REITs, but he thinks it is justified. He would prefer to pay more for a good company than less for a bad company.

COMMENT
COMMENT
February 17, 2016

Lagged for a couple of years, but is now deemed as a defensive asset class. Most of their holdings are in Ontario. Spent a lot of CapX to refurbish their old buildings and are buying new ones. In a good spot and will probably continue to outperform the market.

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Lagged for a couple of years, but is now deemed as a defensive asset class. Most of their holdings are in Ontario. Spent a lot of CapX to refurbish their old buildings and are buying new ones. In a good spot and will probably continue to outperform the market.

COMMENT
COMMENT
February 9, 2016

He is a big shareholder in this. One of the best performing Canadian REITs year to date, primarily because it is Eastern Canadian focused, and is low income housing. In an environment where there is economic uncertainty, and you are worried about the health of the economy or the consumer in aggregate, there should be more demand for low income Housing. An interesting switch would be to consider going into Boardwalk (BEI.UN-T) instead, because he thinks they will benefit as oil prices recover.

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He is a big shareholder in this. One of the best performing Canadian REITs year to date, primarily because it is Eastern Canadian focused, and is low income housing. In an environment where there is economic uncertainty, and you are worried about the health of the economy or the consumer in aggregate, there should be more demand for low income Housing. An interesting switch would be to consider going into Boardwalk (BEI.UN-T) instead, because he thinks they will benefit as oil prices recover.

BUY
BUY
January 5, 2016

The company has lagged for a long time because it never had access to the Alberta market. They are in Ontario, Quebec, BC and only a little bit of Alberta. In Ontario they can now raise rents 2.5%. It should continue to outperform. They are in a good spot.

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The company has lagged for a long time because it never had access to the Alberta market. They are in Ontario, Quebec, BC and only a little bit of Alberta. In Ontario they can now raise rents 2.5%. It should continue to outperform. They are in a good spot.

BUY
BUY
December 24, 2015

He continues to like the story and the prospects for 2016. He thinks of it as a defensive holding. They spent a lot of money on their properties over the last few years and can now generate above guideline rent increases. Dividends and valuation should continue to grow.

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He continues to like the story and the prospects for 2016. He thinks of it as a defensive holding. They spent a lot of money on their properties over the last few years and can now generate above guideline rent increases. Dividends and valuation should continue to grow.

TOP PICK
TOP PICK
December 18, 2015

If investing in Canada, apartments right now are a great place to be, especially in Ontario. This has the shortest lease terms, so inflation is not a problem. On a risk adjusted basis, this becomes one of the most attractive investments. Decent price. Yield of 4.5%.

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If investing in Canada, apartments right now are a great place to be, especially in Ontario. This has the shortest lease terms, so inflation is not a problem. On a risk adjusted basis, this becomes one of the most attractive investments. Decent price. Yield of 4.5%.

TOP PICK
TOP PICK
November 12, 2015

This is a value pick. The Ontario apartment market is one of the most highly desired assets. Any pension fund would very much like to accumulate a portfolio of GTA apartment buildings. It sold off after its Montreal acquisition. He has been accumulating. It is one of the safest value picks at this time. This is a great place to hide, waiting for the FED call.

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This is a value pick. The Ontario apartment market is one of the most highly desired assets. Any pension fund would very much like to accumulate a portfolio of GTA apartment buildings. It sold off after its Montreal acquisition. He has been accumulating. It is one of the safest value picks at this time. This is a great place to hide, waiting for the FED call.

COMMENT
COMMENT
November 4, 2015

There was concern early on that REITs do not do well in a higher anticipated rate increase market. This company has been a go to name in apartments, and there have been some questions about what is going to happen in the apartment sector. Rental rates are not as strong in Alberta as they are in the rest of the country. This REIT is a quality name. He is looking at it.

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There was concern early on that REITs do not do well in a higher anticipated rate increase market. This company has been a go to name in apartments, and there have been some questions about what is going to happen in the apartment sector. Rental rates are not as strong in Alberta as they are in the rest of the country. This REIT is a quality name. He is looking at it.

COMMENT
COMMENT
September 15, 2015

(Market Call Minute.) If this is rental properties, that is rather interesting. In North America there has been a big switch to rentals.

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(Market Call Minute.) If this is rental properties, that is rather interesting. In North America there has been a big switch to rentals.

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