InStorage REIT

IS.UN-T

0.00
0.00 (0.00%)
This company is not ACTIVE.

Analysis and Opinions about IS.UN-T

Signal
Opinion
Expert
SELL
SELL
March 17, 2009
Has a buyout bid at $4 and is now closed. If you own, take the opportunity to sell at $4.
Has a buyout bid at $4 and is now closed. If you own, take the opportunity to sell at $4.
Dennis Mitchell, CFA
Executive Vice-President & Chief Investment Office, Sentry Select Capital Corp
Price
$3.990
Owned
Unknown
HOLD
HOLD
November 3, 2008
Being acquired for $3.75 by Canadian Storage Partners. $3.75 is not full and fair value, however he tendered half his position at this price in order to kick-start the process. Expect there will be competing bids for this.
InStorage REIT (IS.UN-T)
November 3, 2008
Being acquired for $3.75 by Canadian Storage Partners. $3.75 is not full and fair value, however he tendered half his position at this price in order to kick-start the process. Expect there will be competing bids for this.
Dennis Mitchell, CFA
Executive Vice-President & Chief Investment Office, Sentry Select Capital Corp
Price
$3.600
Owned
Yes
COMMENT
COMMENT
October 24, 2008
Being acquired for $3.75 by Canadian Storage Partners. He feels the price is acceptable and he is committed to it.
InStorage REIT (IS.UN-T)
October 24, 2008
Being acquired for $3.75 by Canadian Storage Partners. He feels the price is acceptable and he is committed to it.
Sandy McIntyre
Vice-Chairman and CIO, Sentry Select Capital Corp
Price
$3.550
Owned
Yes
BUY
BUY
August 13, 2008
The only consolidator of self-storage properties in Canada. Had overpaid for some of their assets early on. Rolling out a branding program that will kick in and killed some brand power.
InStorage REIT (IS.UN-T)
August 13, 2008
The only consolidator of self-storage properties in Canada. Had overpaid for some of their assets early on. Rolling out a branding program that will kick in and killed some brand power.
Dennis Mitchell, CFA
Executive Vice-President & Chief Investment Office, Sentry Select Capital Corp
Price
$4.590
Owned
Yes
PAST TOP PICK
PAST TOP PICK
June 12, 2008
(A Top Pick Aug 16/07. Down 45%.) The only REIT consolidator of self-storage properties in Canada. Some operational management issues. Value is there, assets are great and the cash flow will materialize. It will just take a little longer. Still a Buy.
(A Top Pick Aug 16/07. Down 45%.) The only REIT consolidator of self-storage properties in Canada. Some operational management issues. Value is there, assets are great and the cash flow will materialize. It will just take a little longer. Still a Buy.
Dennis Mitchell, CFA
Executive Vice-President & Chief Investment Office, Sentry Select Capital Corp
Price
$4.170
Owned
Yes
HOLD
HOLD
June 2, 2008
Bought a lot of expensive property. Top financial guy has left. There will be more competition in the storage area. Probably won't cut their distribution but are at risk.
Bought a lot of expensive property. Top financial guy has left. There will be more competition in the storage area. Probably won't cut their distribution but are at risk.
Charles Dillingham
Vice President and Portfolio Manager, Morguard Financial
Price
$4.780
Owned
Yes
BUY
BUY
May 14, 2008
Public storage space. Currently there is only one large player, a subsidiary of a US company. Will be spending about $5 million to re-brand their name to give them a stronger presence. Good exposure to Western Canada. Very attractive value.
Public storage space. Currently there is only one large player, a subsidiary of a US company. Will be spending about $5 million to re-brand their name to give them a stronger presence. Good exposure to Western Canada. Very attractive value.
Michael Simpson, CFA
Senior Vice-President, Sentry Investments
Price
$5.480
Owned
Yes
WEAK BUY
WEAK BUY
March 24, 2008
Buyers on the margin. At this level it is very cheap. Q1 and Q4 are seasonally weak for REIT’s.
Buyers on the margin. At this level it is very cheap. Q1 and Q4 are seasonally weak for REIT’s.
Dennis Mitchell, CFA
Executive Vice-President & Chief Investment Office, Sentry Select Capital Corp
Price
$5.310
Owned
Unknown
BUY
BUY
February 29, 2008
Likes this from a fundamental standpoint. It is the only consolidator of self-storage property in Canada. Would like to see a little bit better disclosure on what they are doing in terms of rent. Starting to see that coming now. Trading at a slight discount to NAV. Tremendous free cash flow yield.
InStorage REIT (IS.UN-T)
February 29, 2008
Likes this from a fundamental standpoint. It is the only consolidator of self-storage property in Canada. Would like to see a little bit better disclosure on what they are doing in terms of rent. Starting to see that coming now. Trading at a slight discount to NAV. Tremendous free cash flow yield.
Dennis Mitchell, CFA
Executive Vice-President & Chief Investment Office, Sentry Select Capital Corp
Price
$6.570
Owned
Yes
DON'T BUY
DON'T BUY
February 5, 2008
Falls under the small cap REITs space, which is having a really tough time. Contemporaries in the US have had valuations dropped from 16X AFFO down to 13X. During this volatility, he would stay away from the small caps because of funding issues. Because of distribution stability he would rather up his portfolio to large-cap REITs.
InStorage REIT (IS.UN-T)
February 5, 2008
Falls under the small cap REITs space, which is having a really tough time. Contemporaries in the US have had valuations dropped from 16X AFFO down to 13X. During this volatility, he would stay away from the small caps because of funding issues. Because of distribution stability he would rather up his portfolio to large-cap REITs.
Paul Gardner, CFA
Partner and Portfolio Manager, Avenue Investment Management
Price
$0.700
Owned
No
COMMENT
COMMENT
January 21, 2008
One of the smaller cap REITs. Has been on a very aggressive acquisition path. In this environment, being a smaller REIT, and investors treating this cautiously, there has been quite a drop in price. Reported slightly weaker results in the last quarter. General direction for them is correct but in an uncertain economic environment, it can be riskier.
InStorage REIT (IS.UN-T)
January 21, 2008
One of the smaller cap REITs. Has been on a very aggressive acquisition path. In this environment, being a smaller REIT, and investors treating this cautiously, there has been quite a drop in price. Reported slightly weaker results in the last quarter. General direction for them is correct but in an uncertain economic environment, it can be riskier.
Ben Cheng
President and Chief Investment Officer, Aston Hill Financial Ltd.
Price
$0.770
Owned
Unknown
HOLD
HOLD
January 18, 2008
Storage. Was one of the worst performers last year but thinks it's as low as it gets now. They have the capital to keep their 10% yield. He is holding for the long term.
InStorage REIT (IS.UN-T)
January 18, 2008
Storage. Was one of the worst performers last year but thinks it's as low as it gets now. They have the capital to keep their 10% yield. He is holding for the long term.
Charles Dillingham
Vice President and Portfolio Manager, Morguard Financial
Price
$0.770
Owned
Yes
STRONG BUY
STRONG BUY
January 14, 2008
The only consolidator of self-storage facilities in Canada. Stock has had terrible performance over the last year. Operationally, the company is firing on all cylinders. Stock got away from itself and peaked at $2.
InStorage REIT (IS.UN-T)
January 14, 2008
The only consolidator of self-storage facilities in Canada. Stock has had terrible performance over the last year. Operationally, the company is firing on all cylinders. Stock got away from itself and peaked at $2.
Dennis Mitchell, CFA
Executive Vice-President & Chief Investment Office, Sentry Select Capital Corp
Price
$0.800
Owned
Yes
STRONG BUY
STRONG BUY
December 7, 2007
The largest owner and operator of self-storage in Canada. 8.4% yield. Good portfolio and now is the time to be buying this. REITs were hit by subprime problems that spilled over onto this one. A great name.
InStorage REIT (IS.UN-T)
December 7, 2007
The largest owner and operator of self-storage in Canada. 8.4% yield. Good portfolio and now is the time to be buying this. REITs were hit by subprime problems that spilled over onto this one. A great name.
Dennis Mitchell, CFA
Executive Vice-President & Chief Investment Office, Sentry Select Capital Corp
Price
$0.810
Owned
Yes
HOLD
HOLD
December 4, 2007
Weakening with the general weakness in the REIT sector. Growth by acquisition story and that strategy is facing a fair amount of headwind today. Consolidator of the self-storage space. A good little business but would be patient about buying.
InStorage REIT (IS.UN-T)
December 4, 2007
Weakening with the general weakness in the REIT sector. Growth by acquisition story and that strategy is facing a fair amount of headwind today. Consolidator of the self-storage space. A good little business but would be patient about buying.
Kevin Hall BComm, CFA
Managing Director, Guardian Capital
Price
$0.800
Owned
Unknown
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