Whiterock REIT (WRK.UN-T) Stock Predictions - Stockchase
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Whiterock REIT (WRK.UN-T)

ON STOCKCHASE SINCE Mar 2006

Acquired by Dundee

property mngmnt/investment

Whiterock REIT

WRK.UN-T

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Whiterock REIT (WRK.UN-T) SAVE Dec, 31, 1969, 7:00 pm

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What the experts are saying about WRK.UN-T



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SELL
Whiterock REIT(WRK.UN-T) 

December 21, 2011

(Market Call Minute.) Thinks there are corporate governance issues
property mngmnt/investment
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(Market Call Minute.) Thinks there are corporate governance issues
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Jeffrey F. Olin

President , Vision Capital Corpo...

Price Price
$13.460
Owned 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.
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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
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0 comments
Charles Dilling

Vice Presi, Morguard Financial...

Price Price
$12.570
Owned 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
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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.
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Jeffrey F. Olin

President , Vision Capital Corpo...

Price Price
$12.040
Owned 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
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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
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Charles Dilling

Vice Presi, Morguard Financial...

Price Price
$12.820
Owned 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
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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
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Paul Gardner, C

Partner an, Avenue Investment Ma...

Price Price
$11.650
Owned 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
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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
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Dennis Mitchell

Executive , Sentry Select Capita...

Price Price
$11.450
Owned Owned
No

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.
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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.
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Charles Dilling

Vice Presi, Morguard Financial...

Price Price
$13.840
Owned 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
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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
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Jeffrey F. Olin

President , Vision Capital Corpo...

Price Price
$19.210
Owned 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
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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
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Charles Dilling

Vice Presi, Morguard Financial...

Price Price
$17.400
Owned 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
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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
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Paul Gardner, C

Partner an, Avenue Investment Ma...

Price Price
$15.410
Owned 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
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Have done some fancy financing that he was not comfortable with. Caveat emptor.
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Charles Dilling

Vice Presi, Morguard Financial...

Price Price
$14.750
Owned Owned
No

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
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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
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Paul Gardner, C

Partner an, Avenue Investment Ma...

Price Price
$14.090
Owned Owned
Yes

HOLD
(Market Call Minute.) Likely to be challenged in the future. Still have some financing issues.
property mngmnt/investment
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(Market Call Minute.) Likely to be challenged in the future. Still have some financing issues.
property mngmnt/investment
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Charles Dilling

Vice Presi, Morguard Financial...

Price Price
$14.450
Owned 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
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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 Price
$15.210
Owned 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
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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 Price
$15.010
Owned Owned
No

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