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.
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