Partners REIT

PAR.UN-T

TSE:PAR.UN

0.77
0.00 (0.00%)
Partners REIT is a Canadian real estate investment trust based in Toronto, Ontario. As of January, 2016, Partners REIT owns approximately 2.3 million square feet of leasable space at 34 properties in ...
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Analysis and Opinions about PAR.UN-T

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
March 19, 2015

It is highly leveraged and the payout ratio is close to 100%, recently they cut the dividend and there was management turnover. There were a lot of complicated transactions, some of which were not arm’s length.

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It is highly leveraged and the payout ratio is close to 100%, recently they cut the dividend and there was management turnover. There were a lot of complicated transactions, some of which were not arm’s length.

DON'T BUY
DON'T BUY
September 5, 2014

It shows the danger of buying it just for the yield. He does not see a lot of yield in this name.

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Partners REIT (PAR.UN-T)
September 5, 2014

It shows the danger of buying it just for the yield. He does not see a lot of yield in this name.

DON'T BUY
DON'T BUY
July 15, 2014

A bit of a soap opera about old and new management and what is going on. He is not looking at it. You could gamble on this one and there might be some recovery. Prefers Plaza Retail REIT.

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A bit of a soap opera about old and new management and what is going on. He is not looking at it. You could gamble on this one and there might be some recovery. Prefers Plaza Retail REIT.

DON'T BUY
DON'T BUY
June 9, 2014

Feels the dividend is sustainable, but this would not be one of his favourite REITs. If you are looking at getting exposure to either a diversified REIT or something in Atlantic Canada, he would rather a cleaner story. There is an activist shareholder that has stepped in and tried to affect a change in management. Too risky for him as he is not sure what direction this goes.

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Feels the dividend is sustainable, but this would not be one of his favourite REITs. If you are looking at getting exposure to either a diversified REIT or something in Atlantic Canada, he would rather a cleaner story. There is an activist shareholder that has stepped in and tried to affect a change in management. Too risky for him as he is not sure what direction this goes.

SELL
SELL
January 17, 2014

Going through a restructuring as their external manager had some financial difficulties, so right now there is a bit of a scandal going through and some hedge funds playing in the space. He finds that whenever a company is going through a significant transition, he would rather not be there.

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Partners REIT (PAR.UN-T)
January 17, 2014

Going through a restructuring as their external manager had some financial difficulties, so right now there is a bit of a scandal going through and some hedge funds playing in the space. He finds that whenever a company is going through a significant transition, he would rather not be there.

DON'T BUY
DON'T BUY
November 20, 2013

In a very unique situation because their asset manager and their largest shareholder filed for bankruptcy protection and they own about 15% of the REIT. Going forward, the units are likely going to trade depending on what kind of acquisitions comes through and not on fundamentals. NAV is around $6.50. He would not get involved with this one right now. Too much uncertainty.

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Partners REIT (PAR.UN-T)
November 20, 2013

In a very unique situation because their asset manager and their largest shareholder filed for bankruptcy protection and they own about 15% of the REIT. Going forward, the units are likely going to trade depending on what kind of acquisitions comes through and not on fundamentals. NAV is around $6.50. He would not get involved with this one right now. Too much uncertainty.

DON'T BUY
DON'T BUY
July 31, 2013

They recently purchased some new properties. He has been working on this as to whether the 9.5% dividend is sustainable. A bit small for him right now. Feels you would probably be better off in some of the other high-yield names right now.

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They recently purchased some new properties. He has been working on this as to whether the 9.5% dividend is sustainable. A bit small for him right now. Feels you would probably be better off in some of the other high-yield names right now.

WAIT
WAIT
June 17, 2013

Went through a restructuring recently. It is probably best to stand aside at this time. Wants to see them get the focus back on the core real estate. It will be more than a year.

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Went through a restructuring recently. It is probably best to stand aside at this time. Wants to see them get the focus back on the core real estate. It will be more than a year.

DON'T BUY
DON'T BUY
March 11, 2013

(Market Call Minute.) Issue here is a quality of the real estate and motivation of management.

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(Market Call Minute.) Issue here is a quality of the real estate and motivation of management.

COMMENT
COMMENT
August 8, 2012

Have a lot of private investments. Have a holding company where they cut the distributions just recently and are possibly thinking of taking it public. Recently sold his holdings. Quality people and quality group.

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Have a lot of private investments. Have a holding company where they cut the distributions just recently and are possibly thinking of taking it public. Recently sold his holdings. Quality people and quality group.

COMMENT
COMMENT
July 20, 2012
He finds there are better quality retail REITs to own. Feels the distribution is safe.
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He finds there are better quality retail REITs to own. Feels the distribution is safe.
COMMENT
COMMENT
June 4, 2012
Mainly retail in Western Canada. Payout ratio on a free cash flow basis is about 99% and falling. Appears to be sustainable. 2013 and 2014 are big years for them when leases are renewable.
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Mainly retail in Western Canada. Payout ratio on a free cash flow basis is about 99% and falling. Appears to be sustainable. 2013 and 2014 are big years for them when leases are renewable.
TOP PICK
TOP PICK
May 16, 2012
This was his 1st exposure to a REIT and it has performed very well. Just reported a 127% increase in net operating income as well is a 99% increase in AFFO. Distribute about 8% monthly of the value of the investment each year. Good management. 8.7% dividend.
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This was his 1st exposure to a REIT and it has performed very well. Just reported a 127% increase in net operating income as well is a 99% increase in AFFO. Distribute about 8% monthly of the value of the investment each year. Good management. 8.7% dividend.
WEAK BUY
WEAK BUY
April 16, 2012
Good group. Based in Victoria. This is a long-term process. The one thing you have to watch out for is that we don't know if we are at the end of the market or not but we have a wonderful period of appreciation and you should be upgrading. In some cases you might be better overall to go with ones that are more in the market.
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Good group. Based in Victoria. This is a long-term process. The one thing you have to watch out for is that we don't know if we are at the end of the market or not but we have a wonderful period of appreciation and you should be upgrading. In some cases you might be better overall to go with ones that are more in the market.
PAST TOP PICK
PAST TOP PICK
March 5, 2012
(A Top Pick Nov 23/11. Up 4.08%.) Commercial oriented REIT.
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(A Top Pick Nov 23/11. Up 4.08%.) Commercial oriented REIT.
Showing 1 to 15 of 22 entries

Partners REIT(PAR.UN-T) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for Partners REIT is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Partners REIT(PAR.UN-T) Frequently Asked Questions

What is Partners REIT stock symbol?

Partners REIT is a Canadian stock, trading under the symbol PAR.UN-T on the Toronto Stock Exchange (PAR-UN-CT). It is usually referred to as TSX:PAR.UN or PAR.UN-T

Is Partners REIT a buy or a sell?

In the last year, there was no coverage of Partners REIT published on Stockchase.

Is Partners REIT a good investment or a top pick?

Partners REIT was recommended as a Top Pick by Andy Nasr on 2015-03-19. Read the latest stock experts ratings for Partners REIT.

Why is Partners REIT stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Partners REIT worth watching?

0 stock analysts on Stockchase covered Partners REIT In the last year. It is a trending stock that is worth watching.

What is Partners REIT stock price?

On 2019-12-16, Partners REIT (PAR.UN-T) stock closed at a price of $0.77.