Artis Real Estate Investment Trust

AX.UN-T

Analysis and Opinions about AX.UN-T

Signal
Opinion
Expert
BUY
BUY
June 9, 2014

More of a growth by acquisition story. Management has done a good job digesting what they had. Recently did an acquisition to broaden their US exposure. Likes this because of the US exposure. Thinks you will see the benefit of a lower Cdn$ show up in the NAV. The US is a bit of an inflection point where you should see occupancy and rents go up, which will disproportionately benefit this company, being one of the larger caps in Canada that has US exposure. Trades at about a 10% discount to NAV.

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More of a growth by acquisition story. Management has done a good job digesting what they had. Recently did an acquisition to broaden their US exposure. Likes this because of the US exposure. Thinks you will see the benefit of a lower Cdn$ show up in the NAV. The US is a bit of an inflection point where you should see occupancy and rents go up, which will disproportionately benefit this company, being one of the larger caps in Canada that has US exposure. Trades at about a 10% discount to NAV.

HOLD
HOLD
June 4, 2014

A REIT that is basically 50% office building, 25% industrial building and 25% retail. Have about 23% of their cash flow coming from the US. Regarded as a well managed REIT. Yield is quite attractive.

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A REIT that is basically 50% office building, 25% industrial building and 25% retail. Have about 23% of their cash flow coming from the US. Regarded as a well managed REIT. Yield is quite attractive.

DON'T BUY
DON'T BUY
May 23, 2014

Not one of her preferred REITs. Tended to grow somewhat aggressively without a huge view in terms of strategy of what markets and products they were in, in terms of property classes and quality of the assets.

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Not one of her preferred REITs. Tended to grow somewhat aggressively without a huge view in terms of strategy of what markets and products they were in, in terms of property classes and quality of the assets.

PAST TOP PICK
PAST TOP PICK
April 29, 2014

(Top Pick Jun 17/13, Up 9.67%) It continued to do better after he sold. He was concerned about offices in Calgary. The market is constantly in flux and the average worker has much more space than in Toronto. Looking for a pullback to get back in.

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(Top Pick Jun 17/13, Up 9.67%) It continued to do better after he sold. He was concerned about offices in Calgary. The market is constantly in flux and the average worker has much more space than in Toronto. Looking for a pullback to get back in.

BUY
BUY
April 28, 2014

Likes it. Their debt does not require that they pay back much over the next 2-3 years.

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Likes it. Their debt does not require that they pay back much over the next 2-3 years.

PAST TOP PICK
PAST TOP PICK
March 19, 2014

(A Top Pick April 4/13. Up 5.04%.) Continues to like. Doesn’t feel they have gotten enough credit with respect to what they have done to the balance sheet and payout ratio. Management unfortunately has been faced with a “we’ll wait and see” from most investors. They are now starting to come into the name. It will re-rate to a higher multiple from his perspective. About 20% invested in the US.

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(A Top Pick April 4/13. Up 5.04%.) Continues to like. Doesn’t feel they have gotten enough credit with respect to what they have done to the balance sheet and payout ratio. Management unfortunately has been faced with a “we’ll wait and see” from most investors. They are now starting to come into the name. It will re-rate to a higher multiple from his perspective. About 20% invested in the US.

PAST TOP PICK
PAST TOP PICK
February 28, 2014

(Top Pick Feb 22/13, Up 5.63%) Most of assets are concentrated in the west. They bounced back. The geography is important. Well run, good dividend, good cash flow and low payout.

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(Top Pick Feb 22/13, Up 5.63%) Most of assets are concentrated in the west. They bounced back. The geography is important. Well run, good dividend, good cash flow and low payout.

PAST TOP PICK
PAST TOP PICK
February 26, 2014

(Top Pick Jun 17/13, Up 5.55%) He was worried about the development of office properties in Calgary. This is one he thinks he should have bought back at the bottom. The US properties have performed very well. Concern in Calgary is that he is not sure if the oil companies will use all the office space being built.

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(Top Pick Jun 17/13, Up 5.55%) He was worried about the development of office properties in Calgary. This is one he thinks he should have bought back at the bottom. The US properties have performed very well. Concern in Calgary is that he is not sure if the oil companies will use all the office space being built.

BUY
BUY
February 11, 2014

Likes this. It is diversified in a proper way. Focused out West and has office as well as having some rational exposure to the US. Very good operators. Trades at a bit of a discount compared to Northwest Healthcare Property REIT (NWH.UN-T).

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Likes this. It is diversified in a proper way. Focused out West and has office as well as having some rational exposure to the US. Very good operators. Trades at a bit of a discount compared to Northwest Healthcare Property REIT (NWH.UN-T).

BUY
BUY
January 24, 2014

(Market Call Minute.) Represents some pretty good value. Trading at a substantial discount to NAV. They don’t get enough credit for some of the acquisitions they made in the US.

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(Market Call Minute.) Represents some pretty good value. Trading at a substantial discount to NAV. They don’t get enough credit for some of the acquisitions they made in the US.

PAST TOP PICK
PAST TOP PICK
January 24, 2014

(A top pick Feb 22/13. Up 0.66%.) Really likes their properties and where they are located. Good management. Good cash flow. Feels this could outperform by increasing earnings going forward. Still recommending this for his income oriented people.

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(A top pick Feb 22/13. Up 0.66%.) Really likes their properties and where they are located. Good management. Good cash flow. Feels this could outperform by increasing earnings going forward. Still recommending this for his income oriented people.

PAST TOP PICK
PAST TOP PICK
January 17, 2014

(A Top Pick June 17/13. Up 0.62%.) Sold his holdings. Their US holdings are doing very well and you are getting the currency benefit. He is a little suspicious of their exposure to the Calgary office market. If you own, be patient and you’ll be fine.

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(A Top Pick June 17/13. Up 0.62%.) Sold his holdings. Their US holdings are doing very well and you are getting the currency benefit. He is a little suspicious of their exposure to the Calgary office market. If you own, be patient and you’ll be fine.

BUY
BUY
December 30, 2013

Likes it and the yield. Broad based business. There will be pressure down if interest rates go up. They can increase dividends which would offset an increase in bond yield. Thinks they are okay.

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Likes it and the yield. Broad based business. There will be pressure down if interest rates go up. They can increase dividends which would offset an increase in bond yield. Thinks they are okay.

COMMENT
COMMENT
December 20, 2013

His favourite Canadian REIT because they have a lot more properties out West, including Alberta, Manitoba and Minnesota.

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His favourite Canadian REIT because they have a lot more properties out West, including Alberta, Manitoba and Minnesota.

BUY
BUY
December 17, 2013

(Market Call Minute) Been beat up too much and some good upside now.

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(Market Call Minute) Been beat up too much and some good upside now.

Showing 91 to 105 of 253 entries