Cominar Real Estate Inv Tr

CUF.UN-T

TSE:CUF.UN

7.72
0.16 (2.03%)
Cominar is a publicly traded real estate investment trust based in Quebec City, Canada. It was founded in 1965, and trades on the Toronto Stock Exchange under the symbol CUF.UN. Cominar manages a portfolio consisting of 430 office, retail, and industrial properties, totalling 38.4 million square feet.
More at Wikipedia

Analysis and Opinions about CUF.UN-T

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
March 31, 2017

The dividend is safe. The management team has historically done a very good job of development. There is now relatively highly indebtedness. Low occupancy and high debt and stagnancy in growth have impacted their valuation.

Show full opinionHide full opinion

The dividend is safe. The management team has historically done a very good job of development. There is now relatively highly indebtedness. Low occupancy and high debt and stagnancy in growth have impacted their valuation.

HOLD
HOLD
March 24, 2017

They did some things right such as really good asset sales and the balance sheet is a bit better. But debt to fair value is still a little high. The payout is relatively high, but with the drip all in it is closer to 80%. A dividend cut probably won’t need to happen. Fundamentals are continuing to gain some traction. They are growing at 0.8%. It is very cheap and you can expect better things.

Show full opinionHide full opinion

They did some things right such as really good asset sales and the balance sheet is a bit better. But debt to fair value is still a little high. The payout is relatively high, but with the drip all in it is closer to 80%. A dividend cut probably won’t need to happen. Fundamentals are continuing to gain some traction. They are growing at 0.8%. It is very cheap and you can expect better things.

COMMENT
COMMENT
January 31, 2017

Fairly well diversified. They own some office retail properties. It is mostly a Québec REIT. This used to be family run focusing on development, and then they went on a massive acquisition binge and overspent for a lot of properties. They leveraged up the balance sheet, so it is excessively indebted. There are better alternatives.

Show full opinionHide full opinion

Fairly well diversified. They own some office retail properties. It is mostly a Québec REIT. This used to be family run focusing on development, and then they went on a massive acquisition binge and overspent for a lot of properties. They leveraged up the balance sheet, so it is excessively indebted. There are better alternatives.

WEAK BUY
WEAK BUY
December 29, 2016

The dividend is sustainable. You have to go back to a couple of years ago when they were Quebec centric. Quebec city was one of the best office markets. They tried to diversify and they bought some lower quality properties, continuing into Atlantic Canada. This diversification process has been challenging. He is cautious about it.

Show full opinionHide full opinion

The dividend is sustainable. You have to go back to a couple of years ago when they were Quebec centric. Quebec city was one of the best office markets. They tried to diversify and they bought some lower quality properties, continuing into Atlantic Canada. This diversification process has been challenging. He is cautious about it.

HOLD
HOLD
November 23, 2016

Owns a little bit. One of the REITs that is fairly well diversified with a lot of exposure in Québec. It has historically grown through development, but went on a buying spree about 5 years ago, which they are now trying to adjust in their portfolio. Trading at a relatively attractive valuation. He may add to this if it gets a lot cheaper. Dividend yield of over 10%.

Show full opinionHide full opinion

Owns a little bit. One of the REITs that is fairly well diversified with a lot of exposure in Québec. It has historically grown through development, but went on a buying spree about 5 years ago, which they are now trying to adjust in their portfolio. Trading at a relatively attractive valuation. He may add to this if it gets a lot cheaper. Dividend yield of over 10%.

COMMENT
COMMENT
November 17, 2016

Dipped his toe into this. Doesn’t know if it’s the greatest idea, but just knows that in the large portfolio that he has, he has to have some. Canada has to get out of this recession, and typically it is Québec that takes us out. He would love to see a change in management. They are overpaying on their dividend; however they can skate on side with an improving economy. Don’t put everything into this one name. It is too risky. Combine it with some lower yielding safer names. Dividend yield of 10.7%.

Show full opinionHide full opinion

Dipped his toe into this. Doesn’t know if it’s the greatest idea, but just knows that in the large portfolio that he has, he has to have some. Canada has to get out of this recession, and typically it is Québec that takes us out. He would love to see a change in management. They are overpaying on their dividend; however they can skate on side with an improving economy. Don’t put everything into this one name. It is too risky. Combine it with some lower yielding safer names. Dividend yield of 10.7%.

DON'T BUY
DON'T BUY
November 9, 2016

It is not a short, but it does not look great. They pay out more than they bring in. The stock has been beaten up. The market is pricing in a distribution cut. Wait until that happens to look at it again.

Show full opinionHide full opinion

It is not a short, but it does not look great. They pay out more than they bring in. The stock has been beaten up. The market is pricing in a distribution cut. Wait until that happens to look at it again.

COMMENT
COMMENT
November 4, 2016

A lot of REITs have been slow because of the fear of rising interest rates. This one ranks 270 in his database, borderline top 3rd. Dividend yield of 10.3%. Payout of 87% of 4th quarter trailing cash flow which is of concern. Currently trading at 1 year lows. Earnings growth is expected to be modest at $1.76, versus $1.70. Low PE. Be cautious on this one.

Show full opinionHide full opinion

A lot of REITs have been slow because of the fear of rising interest rates. This one ranks 270 in his database, borderline top 3rd. Dividend yield of 10.3%. Payout of 87% of 4th quarter trailing cash flow which is of concern. Currently trading at 1 year lows. Earnings growth is expected to be modest at $1.76, versus $1.70. Low PE. Be cautious on this one.

WEAK BUY
WEAK BUY
October 12, 2016

He does not worry about the dividend or payout. He is more comfortable with one than some of the others. You have to look at their properties and where they are.

Show full opinionHide full opinion

He does not worry about the dividend or payout. He is more comfortable with one than some of the others. You have to look at their properties and where they are.

TOP PICK
TOP PICK
October 11, 2016

A very, very nice yield of close to 10%. The payout is nicely covered and the company has a very, very strong balance sheet. This is the kind of thing he describes as really super good value. Thinks this is a longer-term hold.

Show full opinionHide full opinion

A very, very nice yield of close to 10%. The payout is nicely covered and the company has a very, very strong balance sheet. This is the kind of thing he describes as really super good value. Thinks this is a longer-term hold.

COMMENT
COMMENT
September 2, 2016

Doesn’t think you are going to get a lot of capital appreciation on this, but the yield is very attractive for a very large company. They need to get their debt down, which implies that if the price does go up, they will issue stock, which will bring the price down. If you are a yield focused investor, looking for a large, very liquid stable company, and you like the Quebec economy, this would be a good play. 8.8% yield.

Show full opinionHide full opinion

Doesn’t think you are going to get a lot of capital appreciation on this, but the yield is very attractive for a very large company. They need to get their debt down, which implies that if the price does go up, they will issue stock, which will bring the price down. If you are a yield focused investor, looking for a large, very liquid stable company, and you like the Quebec economy, this would be a good play. 8.8% yield.

COMMENT
COMMENT
July 8, 2016

Doesn’t own this as he was a little disappointed with the growth pattern it had. The nice thing, if you have a long-term view, is that its yield is about 8.5%. Cheap on a historical basis, trading at around 11X earnings. If you believe the Québec economy is going to pick up, this could work out very well.

Show full opinionHide full opinion

Doesn’t own this as he was a little disappointed with the growth pattern it had. The nice thing, if you have a long-term view, is that its yield is about 8.5%. Cheap on a historical basis, trading at around 11X earnings. If you believe the Québec economy is going to pick up, this could work out very well.

HOLD
HOLD
May 20, 2016

Why have they discontinued the DRIP? If a company has stopped their DRIP program, it’s more that they don’t want to continue issuing shares and continuing its dilution. REITs are a good place to be, and this is one of the better ones. His company has it as a Sector Perform with a $17.50 target in 12 months.

Show full opinionHide full opinion

Why have they discontinued the DRIP? If a company has stopped their DRIP program, it’s more that they don’t want to continue issuing shares and continuing its dilution. REITs are a good place to be, and this is one of the better ones. His company has it as a Sector Perform with a $17.50 target in 12 months.

COMMENT
COMMENT
March 30, 2016

Has always liked this REIT. His company has this with a $17 target and as a sector perform. Management has made really good decisions in that they have sacrificed a little bit of growth in order to make sure that the balance sheets are nice and safe.

Show full opinionHide full opinion

Has always liked this REIT. His company has this with a $17 target and as a sector perform. Management has made really good decisions in that they have sacrificed a little bit of growth in order to make sure that the balance sheets are nice and safe.

COMMENT
COMMENT
February 3, 2016

A cheap REIT and is trading at a discount. The only question is, where is the Québec economy going. Have a lot of office exposure in Montréal and he doesn’t like the Montréal office market right now. The retail is okay, but is under the same pressure as everywhere else. His concern is about growth going forward. Dividend yield of around 10%.

Show full opinionHide full opinion

A cheap REIT and is trading at a discount. The only question is, where is the Québec economy going. Have a lot of office exposure in Montréal and he doesn’t like the Montréal office market right now. The retail is okay, but is under the same pressure as everywhere else. His concern is about growth going forward. Dividend yield of around 10%.

Showing 46 to 60 of 181 entries