41

Whiterock REIT (WRK.UN-T)

ON STOCKCHASE SINCE Mar 2006

Acquired by Dundee

property mngmnt/investment

Whiterock REIT
WRK.UN-T

9 watching

Join the Discussion

Expert Opinions
0 comments
Your Reaction

0 0 0 0 0

What the experts are saying about WRK.UN-T

Signal	Opinion	Expert
SELL	Whiterock REIT(WRK.UN-T) December 21, 2011 (Market Call Minute.) Thinks there are corporate governance issues property mngmnt/investment 0 0 0 0 0 0 comments	(Market Call Minute.) Thinks there are corporate governance issues property mngmnt/investment 0 0 0 0 0 0 comments Jeffrey F. Olin President , Vision Capital Corpo... Price $13.460 Owned Unknown

COMMENT	Whiterock REIT(WRK.UN-T) October 18, 2011 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 0 0 0 0 0 0 comments	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 0 0 0 0 0 0 comments Charles Dilling Vice Presi, Morguard Financial... Price $12.570 Owned Yes
SELL	Whiterock REIT(WRK.UN-T) September 26, 2011 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 0 0 0 0 0 0 comments	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 0 0 0 0 0 0 comments Jeffrey F. Olin President , Vision Capital Corpo... Price $12.040 Owned No
COMMENT	Whiterock REIT(WRK.UN-T) September 19, 2011 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 0 0 0 0 0 0 comments	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 0 0 0 0 0 0 comments Charles Dilling Vice Presi, Morguard Financial... Price $12.820 Owned Yes
COMMENT	Whiterock REIT(WRK.UN-T) August 10, 2011 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 0 0 0 0 0 0 comments	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 0 0 0 0 0 0 comments Paul Gardner, C Partner an, Avenue Investment Ma... Price $11.650 Owned Yes
DON'T BUY	Whiterock REIT(WRK.UN-T) August 4, 2011 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 0 0 0 0 0 0 comments	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 0 0 0 0 0 0 comments Dennis Mitchell Executive , Sentry Select Capita... Price $11.450 Owned No
BUY on WEAKNESS	Whiterock REIT(WRK.UN-T) May 30, 2011 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 0 0 0 0 0 0 comments	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 0 0 0 0 0 0 comments Charles Dilling Vice Presi, Morguard Financial... Price $13.840 Owned No
SELL	Whiterock REIT(WRK.UN-T) November 5, 2010 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 0 0 0 0 0 0 comments	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 0 0 0 0 0 0 comments Jeffrey F. Olin President , Vision Capital Corpo... Price $19.210 Owned No
WEAK BUY	Whiterock REIT(WRK.UN-T) October 7, 2010 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 0 0 0 0 0 0 comments	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 0 0 0 0 0 0 comments Charles Dilling Vice Presi, Morguard Financial... Price $17.400 Owned Yes
BUY	Whiterock REIT(WRK.UN-T) September 1, 2010 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 0 0 0 0 0 0 comments	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 0 0 0 0 0 0 comments Paul Gardner, C Partner an, Avenue Investment Ma... Price $15.410 Owned Unknown
DON'T BUY	Whiterock REIT(WRK.UN-T) August 3, 2010 Have done some fancy financing that he was not comfortable with. Caveat emptor. property mngmnt/investment 0 0 0 0 0 0 comments	Have done some fancy financing that he was not comfortable with. Caveat emptor. property mngmnt/investment 0 0 0 0 0 0 comments Charles Dilling Vice Presi, Morguard Financial... Price $14.750 Owned No
COMMENT	Whiterock REIT(WRK.UN-T) May 28, 2010 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 0 0 0 0 0 0 comments	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 0 0 0 0 0 0 comments Paul Gardner, C Partner an, Avenue Investment Ma... Price $14.090 Owned Yes
HOLD	Whiterock REIT(WRK.UN-T) May 17, 2010 (Market Call Minute.) Likely to be challenged in the future. Still have some financing issues. property mngmnt/investment 0 0 0 0 0 0 comments	(Market Call Minute.) Likely to be challenged in the future. Still have some financing issues. property mngmnt/investment 0 0 0 0 0 0 comments Charles Dilling Vice Presi, Morguard Financial... Price $14.450 Owned Unknown
DON'T BUY	Whiterock REIT(WRK.UN-T) April 28, 2010 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 0 0 0 0 0 0 comments	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 0 0 0 0 0 0 comments Dennis Mitchell Executive , Sentry Select Capita... Price $15.210 Owned No
DON'T BUY	Whiterock REIT(WRK.UN-T) April 15, 2010 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 0 0 0 0 0 0 comments	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 0 0 0 0 0 0 comments Charles Dilling Vice Presi, Morguard Financial... Price $15.010 Owned No

Stockchase, in its reporting on what has been discussed by indviduals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at : hello@stockchase.com.

© Stockchase Inc. & Wealthica Financial Technology Inc.