Cominar Real Estate Inv Tr
CUF.UN-T
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About Cominar Real Estate Inv Tr (CUF.UN-T)
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They've disappointed for a long, long time. Won't see growth until 2020. He sees 1.8% AFFO growth. The balance sheet still carries a little more debt than it should. There are better opportunities out there. If they continue to execute, this should be better in coming years.
They've disappointed for a long, long time. Won't see growth until 2020. He sees 1.8% AFFO growth. The balance sheet still carries a little more debt than it should. There are better opportunities out there. If they continue to execute, this should be better in coming years.
There has been some management turnaround resulting in the selling of assets and a reduction in the dividend. The Quebec economy is doing well. He likes that it is trading below NAV, but it will take some time to get back to full value. He would suggest diversifying with some other REITs. Yield 6.2%.
There has been some management turnaround resulting in the selling of assets and a reduction in the dividend. The Quebec economy is doing well. He likes that it is trading below NAV, but it will take some time to get back to full value. He would suggest diversifying with some other REITs. Yield 6.2%.
Heartbreaking story. Haven’t been as aggressive on asset sales, balance sheet not great. Model negative growth of -3.8%. Sowing seeds for growth, and if that’s the case, you can own it here. Trading at 11.3x. Wouldn’t be his first go-to, but OK at these levels.
Heartbreaking story. Haven’t been as aggressive on asset sales, balance sheet not great. Model negative growth of -3.8%. Sowing seeds for growth, and if that’s the case, you can own it here. Trading at 11.3x. Wouldn’t be his first go-to, but OK at these levels.
He likes REITs where he is looking from yield perspective but he does not like the price momentum on this one so it is a small short. It has a low return on equity.
He likes REITs where he is looking from yield perspective but he does not like the price momentum on this one so it is a small short. It has a low return on equity.
(Past Top Pick, Sept. 1, 2017, Down 3%) A REIT in Quebec which is enjoying one of the strongest economies in Canada. He's confident about real estate going forward. It's selling at a discount to book value. Good geography. What's not to like?
(Past Top Pick, Sept. 1, 2017, Down 3%) A REIT in Quebec which is enjoying one of the strongest economies in Canada. He's confident about real estate going forward. It's selling at a discount to book value. Good geography. What's not to like?
They've misallocated capital in the past and for years he had a sell signal. Now, he's not sure. But new board members are stellar, so we'll see positive change here. It could be a long road to get the company going again. Your risk to the
downside is lower now than a year ago.
They've misallocated capital in the past and for years he had a sell signal. Now, he's not sure. But new board members are stellar, so we'll see positive change here. It could be a long road to get the company going again. Your risk to the
downside is lower now than a year ago.
(A Top Pick Sep. 1/17, Down 6%) It had a nice yield but lost some altitude. Mall REITs have been doing this because of the AMZN-Q tsunami of the retail industry. They are mostly in Quebec now and it is the strongest province we have right now. CUF.UN-T is trading at a nice discount to book value. He is staying with it.
(A Top Pick Sep. 1/17, Down 6%) It had a nice yield but lost some altitude. Mall REITs have been doing this because of the AMZN-Q tsunami of the retail industry. They are mostly in Quebec now and it is the strongest province we have right now. CUF.UN-T is trading at a nice discount to book value. He is staying with it.
It missed its last report. It holds a lot in tier-2 malls. They're over-leveraged. They're re-structuring everything. Their chart is terrible. They're dealing with a lot of issues. Yes, it's cheap, but suffers from bad execution. They failed to expand and acquire properly. It's going nowhere.
It missed its last report. It holds a lot in tier-2 malls. They're over-leveraged. They're re-structuring everything. Their chart is terrible. They're dealing with a lot of issues. Yes, it's cheap, but suffers from bad execution. They failed to expand and acquire properly. It's going nowhere.
(A Top Pick Jul 21/17, Up 0.23%) They took a write off and cleaned up their balance sheet. The last REIT that did this turned around and went up afterwards.
(A Top Pick Jul 21/17, Up 0.23%) They took a write off and cleaned up their balance sheet. The last REIT that did this turned around and went up afterwards.
This is not a company he would feel comfortable owning as the dividend was recently cut – a rare occurrence in the REIT space. This REIT is too exposed to Quebec City retail.
This is not a company he would feel comfortable owning as the dividend was recently cut – a rare occurrence in the REIT space. This REIT is too exposed to Quebec City retail.
Cut their distribution by 37%. Assets are going to shrink. He thinks 2019 they can grow 13%. They have a plan to internalize construction. There are more compelling REITS. It is probably a turnaround story here.
Cut their distribution by 37%. Assets are going to shrink. He thinks 2019 they can grow 13%. They have a plan to internalize construction. There are more compelling REITS. It is probably a turnaround story here.
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