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Whiterock REIT (WRK.UN-T)
NEW AI Investor Insights
8 watching
0.00
0.00
(0.00%) 1d
Financials
Technical Analysis
0
SELL
(Market Call Minute.) Thinks there are corporate governance issues
property mngmnt / investment
$13.460
Unknown
COMMENT
High yield of around 9%. Had been doing a lot of growth. Not much institutional support. Has been significant concern that the CEO has been taking very good care of himself on the financing. They claim they're going to be improving that. Looks safe right now but the market will be watching very carefully.
property mngmnt / investment
SELL
Doesn't like this REIT at all, basically because of management. Suspects that some of the net operating income from some of their recent acquisitions won't stand up over the test of time.
property mngmnt / investment
COMMENT
CEO’s contract is like no other. He takes fees both coming in and going out. Has pushed some good product and has done a lot of stuff well. Hasn't looked at this one closely although he has a little bit.
property mngmnt / investment
COMMENT
Recently sold a large part of his holdings. Bothers him that CEO’s compensation is based on growth rather than profitability. Also making more acquisitions outside of Canada and hopes they can transition these into accretive acquisitions. Doesn't expect much growth.
property mngmnt / investment
DON'T BUY
Has a fundamental difference with management on how the REIT should be managed. Assets are very good but the leverage is way too high and the distribution is not sustainable. Income is not as secure as in other REITs.
property mngmnt / investment
BUY ON WEAKNESS
Company has had a chequered career and have now developed a reasonable and diversified portfolio. Yield of over 8%. Some questions on CEO’s compensation. If interest rates rise, there could be problems.
property mngmnt / investment
SELL
Over-paying distribution and have done so for a long time. Not a big fan of senior management. They are more financial engineers. Cautious of this name.
property mngmnt / investment
WEAK BUY
Have done a significant job of diversifying. Brought their payout ratio down from about 130% to 117%. A definite Caveat Emptor so don't invest too much.
property mngmnt / investment
BUY
Focuses out west on office, retail and industrial. Over distributes on incoming income so the question is can they grow big enough to offset this. I've made some accretive acquisitions over the last several months. Relatively inexpensive.
property mngmnt / investment
DON'T BUY
Have done some fancy financing that he was not comfortable with. Caveat emptor.
property mngmnt / investment
COMMENT
Over distribute over their AFFO (Adjusted Funds from Operations). Leverage is higher than industry standard. Good properties. Management is on target and appropriately aggressive. Will have to issue more equity or buy more properties to get the 12% distribution on side.
property mngmnt / investment
HOLD
(Market Call Minute.) Likely to be challenged in the future. Still have some financing issues.
property mngmnt / investment
DON'T BUY
Just acquired a number of properties on the Hwy 427 corridor in the Toronto area. Don't own the entire asset, which enables them to boost returns by charging asset/management property fees. He would like to see a couple of quarters of them operating. Too much over distributing and over leveraging for him.
property mngmnt / investment
DON'T BUY
Core of their business is government offices in Regina and Quebec city. Many questions about how good their finances are and if there is another shoe to drop. Very high payout ratio so there is a real risk they may have to cut distributions.
property mngmnt / investment
Whiterock REIT(WRK.UN-T) Rating
Ranking : 1 out of 5
Bullish - Buy Signals / Votes : 0
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 0
Whiterock REIT(WRK.UN-T) Frequently Asked Questions
What is Whiterock REIT stock symbol?
Whiterock REIT is a OTC stock, trading under the symbol WRK.UN-T on the (). It is usually referred to as or WRK.UN-T
Is Whiterock REIT a buy or a sell?
In the last year, there was no coverage of Whiterock REIT published on Stockchase.
Is Whiterock REIT a good investment or a top pick?
Whiterock REIT was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Whiterock REIT.
Why is Whiterock REIT stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Whiterock REIT worth watching?
0 stock analysts on Stockchase covered Whiterock REIT In the last year. It is a trending stock that is worth watching.
What is Whiterock REIT stock price?
On , Whiterock REIT (WRK.UN-T) stock closed at a price of $.
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