Artis Real Estate Investment Trust

AX.UN-T

Analysis and Opinions about AX.UN-T

Signal
Opinion
Expert
PARTIAL BUY
PARTIAL BUY
December 8, 2014

It is in Western Canada, which is getting sold off now, and it is offices, which are experiencing over supply now. These are being overdone, pushing the stock price to the down side.

Show full opinionHide full opinion

It is in Western Canada, which is getting sold off now, and it is offices, which are experiencing over supply now. These are being overdone, pushing the stock price to the down side.

COMMENT
COMMENT
November 13, 2014

Have a diversified portfolio in different sectors. There is a lot of Western Canadian focus. Have also been going into the US a lot. That is a strategy that could be hit/miss. Had expected better earnings
this last quarter. They are into development now in Texas. He always gets worried about a Canadian
that gets too get aggressive in a market that is not their home market. A safe company with a safe payout and a decent yield. Doesn't expect it will have as much upside growth.

Show full opinionHide full opinion

Have a diversified portfolio in different sectors. There is a lot of Western Canadian focus. Have also been going into the US a lot. That is a strategy that could be hit/miss. Had expected better earnings
this last quarter. They are into development now in Texas. He always gets worried about a Canadian
that gets too get aggressive in a market that is not their home market. A safe company with a safe payout and a decent yield. Doesn't expect it will have as much upside growth.

BUY
BUY
November 12, 2014

Management is solid. It is a western story. It is about 20% in the US. They had a hiccup related to a lease termination there. Their occupancy rate went down from 96 to 94% and it affected their AFFO. It is just a matter of timing and they will lease it back up. The payout is not too heavy. Thinks it will continue to grind higher, but it is late stages.

Show full opinionHide full opinion

Management is solid. It is a western story. It is about 20% in the US. They had a hiccup related to a lease termination there. Their occupancy rate went down from 96 to 94% and it affected their AFFO. It is just a matter of timing and they will lease it back up. The payout is not too heavy. Thinks it will continue to grind higher, but it is late stages.

TOP PICK
TOP PICK
October 16, 2014

Large proportion (20%) of their assets are in the US and the rest in the four western Canadian provinces. Took advantage of very open capital markets to grow its portfolio on the asset side accretively. They brought down the payout ratio and the leverage. The distribution is over 7%. Thinks the NAV is approximately $17.

Show full opinionHide full opinion

Large proportion (20%) of their assets are in the US and the rest in the four western Canadian provinces. Took advantage of very open capital markets to grow its portfolio on the asset side accretively. They brought down the payout ratio and the leverage. The distribution is over 7%. Thinks the NAV is approximately $17.

PARTIAL BUY
PARTIAL BUY
October 2, 2014

Bought US properties when dollar was close to par. The issue is that there is some suburban office exposure in Western Canada. The dividend is sustainable. He would nibble away here, but you may get a better opportunity in the coming months.

Show full opinionHide full opinion

Bought US properties when dollar was close to par. The issue is that there is some suburban office exposure in Western Canada. The dividend is sustainable. He would nibble away here, but you may get a better opportunity in the coming months.

SELL
SELL
September 25, 2014

(Market Call Minute)They don’t have particularly great quality buildings. They don’t have a focused strategy and there is no organic growth profile there.

Show full opinionHide full opinion

(Market Call Minute)They don’t have particularly great quality buildings. They don’t have a focused strategy and there is no organic growth profile there.

WEAK BUY
WEAK BUY
September 10, 2014

We are in the 8th to 10th inning of a baseball game with an extra inning. It is about 14 times AFFO. He thinks you get a 6-8% rate of return and nothing more than that. They are good operators. They are good at adding value. They are at a high price level and there is always a feeling they could be taken out by a bigger entity.

Show full opinionHide full opinion

We are in the 8th to 10th inning of a baseball game with an extra inning. It is about 14 times AFFO. He thinks you get a 6-8% rate of return and nothing more than that. They are good operators. They are good at adding value. They are at a high price level and there is always a feeling they could be taken out by a bigger entity.

HOLD
HOLD
September 5, 2014

Nice yield and diversified across North America. They are smart guys.

Show full opinionHide full opinion

Nice yield and diversified across North America. They are smart guys.

COMMENT
COMMENT
August 22, 2014

A high-quality REIT. In Western Canada and expanding into the US. Suffers from somewhat limited growth and being interest-rate sensitive. 6.7% yield.

Show full opinionHide full opinion

A high-quality REIT. In Western Canada and expanding into the US. Suffers from somewhat limited growth and being interest-rate sensitive. 6.7% yield.

HOLD
HOLD
August 8, 2014

Likes this company and the fact that it is mostly Western-based, which is where the growth is.

Show full opinionHide full opinion

Likes this company and the fact that it is mostly Western-based, which is where the growth is.

BUY
BUY
July 31, 2014

They are upping their exposure into the US, which is currently at about 24%. Their goal is 30%. A higher leveraged name, but their balance sheet is improving. He sees in-line growth of around 3.5%, which is equal to its diversified peers. Payout ratio is trending down and looking a lot better.

Show full opinionHide full opinion

They are upping their exposure into the US, which is currently at about 24%. Their goal is 30%. A higher leveraged name, but their balance sheet is improving. He sees in-line growth of around 3.5%, which is equal to its diversified peers. Payout ratio is trending down and looking a lot better.

WEAK BUY
WEAK BUY
July 15, 2014

They issue more and more shares. This is a way to grow. But in the mean time every time the stock goes up you worry about another equity issue and it resets the price. He is concerned about how soon they did the most recent acquisition after the previous one, but it is attractive here and he would not mind adding a little here.

Show full opinionHide full opinion

They issue more and more shares. This is a way to grow. But in the mean time every time the stock goes up you worry about another equity issue and it resets the price. He is concerned about how soon they did the most recent acquisition after the previous one, but it is attractive here and he would not mind adding a little here.

BUY
BUY
July 9, 2014

Diversified REIT that invests in office, industrial and retail. Management team is focused on reducing leverage and payout ratio. 50% leverage right now. Going forward the key is to make sure they have a laddered maturity profile for their debt. They should be just fine.

Show full opinionHide full opinion

Diversified REIT that invests in office, industrial and retail. Management team is focused on reducing leverage and payout ratio. 50% leverage right now. Going forward the key is to make sure they have a laddered maturity profile for their debt. They should be just fine.

BUY
BUY
July 8, 2014

A great management team. Made a strategic decision to explore in the US when assets were cheap. About 25% of the portfolio is US. They have retail, office, industrial. They execute well. They will be slightly hurt by the recent Canadian dollar appreciation. They are trading nicely and not too expensive, but interest rates can get in the way.

Show full opinionHide full opinion

A great management team. Made a strategic decision to explore in the US when assets were cheap. About 25% of the portfolio is US. They have retail, office, industrial. They execute well. They will be slightly hurt by the recent Canadian dollar appreciation. They are trading nicely and not too expensive, but interest rates can get in the way.

PAST TOP PICK
PAST TOP PICK
June 13, 2014

(A Top Pick June 17/13. Up 8.06%.) People have become more comfortable with this, and have started giving it a higher multiple. Recently did a large equity raise so they have some extra cash on the balance sheet. He is watching to see what they do with this.

Show full opinionHide full opinion

(A Top Pick June 17/13. Up 8.06%.) People have become more comfortable with this, and have started giving it a higher multiple. Recently did a large equity raise so they have some extra cash on the balance sheet. He is watching to see what they do with this.

Showing 76 to 90 of 253 entries