Public Storage Canadian Properties (PUB.TO)

Only publicly traded self-storage company in Canada. Very small and illiquid so it is not possible for him to own it but widely owned by a lot of Toronto real estate analysts personally. Sustainable payout ratio. Good space. Assets are old and they're going to need a lot of CapX to modernize them.

(Market Call Minute.) That space in the sector has been really hurt because the credit market has been seized up. Will take a long time.

Very good name. The only reason he doesn't own is because the public float is too small and is too illiquid. Yield is in the 7%-8% range.