BTB Real Estate Investment Trust | StockChase
69
BTB Real Estate Investment Trust (BTB.UN-T)

Last Price Recorded: $4.6100 on 2017-12-12

ON STOCKCHASE SINCE Feb 2007

income trust
69
BTB Real Estate Investment Trust (BTB.UN-T)

Last Price Recorded: $4.6100 on 2017-12-12

ON STOCKCHASE SINCE Feb 2007

income trust

BTB Real Estate Investment Trust


Signal Opinion Expert
TOP PICK

A small, mid-cap REIT that he has owned for quite a long time. It has given him an 8%-9% distribution. This has not moved for 3-4 years. They basically buy assets in Eastern Ontario and Québec. Have had vacancy issues and are repositioning their portfolio by selling down a lot of retail properties and focusing on industrials. Dividend yield of 9.1%. (Analysts’ price target is $4.65.)

income trust

A small, mid-cap REIT that he has owned for quite a long time. It has given him an 8%-9% distribution. This has not moved for 3-4 years. They basically buy assets in Eastern Ontario and Québec. Have had vacancy issues and are repositioning their portfolio by selling down a lot of retail properties and focusing on industrials. Dividend yield of 9.1%. (Analysts’ price target is $4.65.)

income trust
Paul Gardner, CFA

Partner and Portfolio Manager, Avenue Investment Ma...

PricePrice
$4.570
Owned Owned
Yes

COMMENT

An investment in this is an investment in Québec, so you have to be favourable to the Québec marketplace, which he is. One of the struggles he has with this is that when you are a small REIT, you can have high debts or a high yield ratio. In this case, it has both. However, they know the real estate market very well. If you think the Québec economy is going to continue to improve, this is a good way to do it. Dividend yield of 8.6%.

income trust

An investment in this is an investment in Québec, so you have to be favourable to the Québec marketplace, which he is. One of the struggles he has with this is that when you are a small REIT, you can have high debts or a high yield ratio. In this case, it has both. However, they know the real estate market very well. If you think the Québec economy is going to continue to improve, this is a good way to do it. Dividend yield of 8.6%.

income trust
Derek Warren

Asst Vice President, Lincluden Investment...

PricePrice
$4.870
Owned Owned
No

COMMENT

(Market Call Minute.) A small cap in Quebec. Highly levered, high payout. It all comes under your view on the Quebec economy. He is on the sidelines.

income trust

(Market Call Minute.) A small cap in Quebec. Highly levered, high payout. It all comes under your view on the Quebec economy. He is on the sidelines.

income trust
Derek Warren

Asst Vice President, Lincluden Investment...

PricePrice
$4.630
Owned Owned
No

HOLD

(Market Call Minute.) Québec focused. High payout and high debt.

income trust

(Market Call Minute.) Québec focused. High payout and high debt.

income trust
Derek Warren

Asst Vice President, Lincluden Investment...

PricePrice
$4.470
Owned Owned
Unknown

COMMENT

(Market Call Minute.) Not a bad REIT. Good yield.

income trust

(Market Call Minute.) Not a bad REIT. Good yield.

income trust
Jaime Carrasco

Director & Associate Portfolio Manager, Scotiabank, Global W...

PricePrice
$4.680
Owned Owned
Unknown

COMMENT

An entire Quebec play. 70% debt, so very highly levered, and also has a high payout ratio. He doesn’t like it for those reasons.

income trust

An entire Quebec play. 70% debt, so very highly levered, and also has a high payout ratio. He doesn’t like it for those reasons.

income trust
Derek Warren

Asst Vice President, Lincluden Investment...

PricePrice
$4.620
Owned Owned
No

PAST TOP PICK

(A Top Pick March 31/15. Down 6.46%.) Real estate focused on Eastern Ontario and Québec. Their active strategy is to upgrade their portfolio and sell non-core assets. The biggest issue is that they are still over levered. Fantastic yield of 9%-10%.

income trust

(A Top Pick March 31/15. Down 6.46%.) Real estate focused on Eastern Ontario and Québec. Their active strategy is to upgrade their portfolio and sell non-core assets. The biggest issue is that they are still over levered. Fantastic yield of 9%-10%.

income trust
Paul Gardner, CFA

Partner and Portfolio Manager, Avenue Investment Ma...

PricePrice
$4.340
Owned Owned
Yes

COMMENT

A Québec focused REIT. Payout ratio and debt are a little high. He really likes the way they really own their Québec market. If you believe in Québec, this is a good name to invest in. Dividend yield of 10%.

income trust

A Québec focused REIT. Payout ratio and debt are a little high. He really likes the way they really own their Québec market. If you believe in Québec, this is a good name to invest in. Dividend yield of 10%.

income trust
Derek Warren

Asst Vice President, Lincluden Investment...

PricePrice
$4.220
Owned Owned
No

TOP PICK

(Top Pick Sep 10/14, Down 3.93%) It is too cheap.  Office, industrial and retail in Quebec and Eastern Ontario.  Their funding costs are dropping.  They are thought to be slightly over levered.  It has to grow more.  It trades at about 10% discount to its NAV.  Its properties are good and it should continue to do well over time.  It had some softness last quarter and that is why it is down.  10% yield.

income trust

(Top Pick Sep 10/14, Down 3.93%) It is too cheap.  Office, industrial and retail in Quebec and Eastern Ontario.  Their funding costs are dropping.  They are thought to be slightly over levered.  It has to grow more.  It trades at about 10% discount to its NAV.  Its properties are good and it should continue to do well over time.  It had some softness last quarter and that is why it is down.  10% yield.

income trust
Paul Gardner, CFA

Partner and Portfolio Manager, Avenue Investment Ma...

PricePrice
$4.310
Owned Owned
Yes

COMMENT

When you are buying shares in a REIT, you are really buying real estate. The real estate has a management team that should be working in your interest. He does not own this because he has had some concerns, but has a soft spot for the Québec economy and it may be time to be buying into it.

income trust

When you are buying shares in a REIT, you are really buying real estate. The real estate has a management team that should be working in your interest. He does not own this because he has had some concerns, but has a soft spot for the Québec economy and it may be time to be buying into it.

income trust
Derek Warren

Asst Vice President, Lincluden Investment...

PricePrice
$4.340
Owned Owned
No

DON'T BUY

A fine way to play the Quebec recovery.  It has a little too much debt for his liking.  He has been trying to increase his Quebec exposure however.

income trust

A fine way to play the Quebec recovery.  It has a little too much debt for his liking.  He has been trying to increase his Quebec exposure however.

income trust
Derek Warren

Asst Vice President, Lincluden Investment...

PricePrice
$4.490
Owned Owned
No

COMMENT

People aren’t talking about Quebec any more.  Perhaps that is the opportunity.  Their management understands the Quebec market very, very well.  They have a bit higher debt, but are a great way to play Quebec if you believe in the space.

income trust

People aren’t talking about Quebec any more.  Perhaps that is the opportunity.  Their management understands the Quebec market very, very well.  They have a bit higher debt, but are a great way to play Quebec if you believe in the space.

income trust
Derek Warren

Asst Vice President, Lincluden Investment...

PricePrice
$4.640
Owned Owned
No

DON'T BUY

The leverage is relatively high.  The payout ratio is fine.  It is a Quebec based REIT.  He sees better risk/reward ratios elsewhere.  There is no catalyst for the next 3 or 4 quarters.  You will get your yield, but no capital appreciation if you hold it.

income trust

The leverage is relatively high.  The payout ratio is fine.  It is a Quebec based REIT.  He sees better risk/reward ratios elsewhere.  There is no catalyst for the next 3 or 4 quarters.  You will get your yield, but no capital appreciation if you hold it.

income trust
Andy Nasr

VP & Investment Strategist, Sentry Investments...

PricePrice
$4.980
Owned Owned
No

COMMENT

The REIT group is a great sector to move into over the summer. This particular stock has been outperforming the group. It has broken its overhead resistance of just under $5 which that is a good sign. You are coming into an OK season to own any REIT, and this is probably a leader within the group.

income trust

The REIT group is a great sector to move into over the summer. This particular stock has been outperforming the group. It has broken its overhead resistance of just under $5 which that is a good sign. You are coming into an OK season to own any REIT, and this is probably a leader within the group.

income trust
Keith Richards

Portfolio Manager, ValueTrend Wealth Ma...

PricePrice
$5.130
Owned Owned
Unknown

TOP PICK

Québec industrial, retail and office. The biggest knock is that they had over distributed and were overleveraged. 3 years later, they have increased their distribution. Have had good re-leasing of their properties. Have room to grow and to increase their distributions. Québec and Ottawa are doing just fine in this space. Yield of 8.7%.

income trust

Québec industrial, retail and office. The biggest knock is that they had over distributed and were overleveraged. 3 years later, they have increased their distribution. Have had good re-leasing of their properties. Have room to grow and to increase their distributions. Québec and Ottawa are doing just fine in this space. Yield of 8.7%.

income trust
Paul Gardner, CFA

Partner and Portfolio Manager, Avenue Investment Ma...

PricePrice
$5.000
Owned Owned
Yes

Showing 1 to 15 of 69 entries
<< < 1 2 3 4 5 > >>

No Comments.


You must be logged in to comment.

Successfully Saved Company