TSE:SRU.UN
24.16
0.06
(0.25%)
Smart REIT
SRU.UN-T
Analysis and Opinions about SRU.UN-T
Signal
Opinion
Expert
SELL
SELL
Focus on Walmart and adjacent retail. Likes Walmart, but the adjacent retail faces headwinds. Management team says better growth in residential than in retail. She'd take this cue and invest in companies that already have residential exposure. Talk of distribution cut.
TOP PICK
TOP PICK
October 19, 2020
He likes this retail REIT. It is trading at a 25-30% discount to NAV but Wal-Mart is the anchor tenant to 70% of their properties. 9% yield. The anchor tenant drives some of the traffic to the other stores. Post-vaccine, these will come back. (Analysts’ price target is $25.13)
He likes this retail REIT. It is trading at a 25-30% discount to NAV but Wal-Mart is the anchor tenant to 70% of their properties. 9% yield. The anchor tenant drives some of the traffic to the other stores. Post-vaccine, these will come back. (Analysts’ price target is $25.13)
DON'T BUY
DON'T BUY
August 28, 2020
Lots of GTA multi-use with commercial too. With REIT that have commercial exposure, it's hard to see what they are doing. He would prefer warehouse REITs or grocery anchored REITs.
Show full opinionHide full opinionLots of GTA multi-use with commercial too. With REIT that have commercial exposure, it's hard to see what they are doing. He would prefer warehouse REITs or grocery anchored REITs.
HOLD
HOLD
June 25, 2020
It is safe in terms of distribution. They have exposure to Walmart, so in terms of cash flow it is safe, however they have zero growth. They have quite a bit of leasing to do. They have a good management team and some exciting developments. (Analysts’ price target is $20.75)
It is safe in terms of distribution. They have exposure to Walmart, so in terms of cash flow it is safe, however they have zero growth. They have quite a bit of leasing to do. They have a good management team and some exciting developments. (Analysts’ price target is $20.75)
WEAK BUY
WEAK BUY
May 25, 2020
A lot of investors were agnostic about what area of real estate to get into before the pandemic but now they are getting more selective. Even within retail they are picky. He would prefer this one to other retail REITs. They can capture some of the upside. It is necessary that we can maintain these re-openings for this to work.
Show full opinionHide full opinionA lot of investors were agnostic about what area of real estate to get into before the pandemic but now they are getting more selective. Even within retail they are picky. He would prefer this one to other retail REITs. They can capture some of the upside. It is necessary that we can maintain these re-openings for this to work.
HOLD
HOLD
April 30, 2020
Shopping-center REIT focused on Wal-Marts, who will continue to be a winner coming out of this. The only concern would be in-line tenants like fashion. They have some interesting developments. There is some talent there. But you are better off owning those sectors that will do well coming out of this.
Show full opinionHide full opinionShopping-center REIT focused on Wal-Marts, who will continue to be a winner coming out of this. The only concern would be in-line tenants like fashion. They have some interesting developments. There is some talent there. But you are better off owning those sectors that will do well coming out of this.
COMMENT
COMMENT
April 22, 2020
REITs have been reporting that 60-80% of renters with small businesses did not require rent assistance last month. That worries him as we are really only one month into the lock downs. Absent any further government relief the real estate asset classes he prefers holding are apartment buildings and US industrial warehousing.
Show full opinionHide full opinionREITs have been reporting that 60-80% of renters with small businesses did not require rent assistance last month. That worries him as we are really only one month into the lock downs. Absent any further government relief the real estate asset classes he prefers holding are apartment buildings and US industrial warehousing.
BUY
BUY
February 24, 2020
This is a high quality, well managed company looking at re-development opportunities. He would not hesitate owning this one. They will make the best use of their properties down the road.
Show full opinionHide full opinionThis is a high quality, well managed company looking at re-development opportunities. He would not hesitate owning this one. They will make the best use of their properties down the road.
WEAK BUY
WEAK BUY
October 31, 2019
Walmart is the anchor. Issue is most of future growth is going to come from transactional type deals such as condos, storage, seniors housing. Walmart portfolio of stores isn't generating any growth, and the street won't give them credit for the transactional gains. Lots in the pipeline. Valuation is fair. Dividend is safe and it grows by 1-2% every year.
Show full opinionHide full opinionWalmart is the anchor. Issue is most of future growth is going to come from transactional type deals such as condos, storage, seniors housing. Walmart portfolio of stores isn't generating any growth, and the street won't give them credit for the transactional gains. Lots in the pipeline. Valuation is fair. Dividend is safe and it grows by 1-2% every year.
COMMENT
COMMENT
October 22, 2019
Smart builds malls and has survived e-commerce's dominance. Has upside potential of 50%. It has resistance at $35. If things get ugly this will fall to $28. Overall, it's an okay stock.
Show full opinionHide full opinionSmart builds malls and has survived e-commerce's dominance. Has upside potential of 50%. It has resistance at $35. If things get ugly this will fall to $28. Overall, it's an okay stock.
HOLD
HOLD
October 9, 2019
Real Estate is a long term asset and you should look to hold it for the compounding benefit. They have great properties that generate good cash flow with some growth. Walmart is their largest tenant and some will come up for renewal soon -- a little worrying to him.
Show full opinionHide full opinionReal Estate is a long term asset and you should look to hold it for the compounding benefit. They have great properties that generate good cash flow with some growth. Walmart is their largest tenant and some will come up for renewal soon -- a little worrying to him.
BUY
BUY
October 8, 2019
Loves it. They've done a great job, gaining 9% on the year and pays a good dividend. The REIT sector as a whole has had a great year.
Show full opinionHide full opinionLoves it. They've done a great job, gaining 9% on the year and pays a good dividend. The REIT sector as a whole has had a great year.
TOP PICK
TOP PICK
September 20, 2019
A defensive name, that is a Walmart anchored assembly. It’s recession resistant, with an improving balanced sheets. Trades below its peers but has similar growth to its retail peers. It’s also probably more protected from Amazon.
BUY
BUY
August 28, 2019
They're interesting for turning their properties into multi-purpose buildings with storage, condos and commercial spaces, which will be a big source of revenue in a few years. He also likes Choice Property REIT and Cominar REIT. Multiple expansion may happen to these REITs with declining interest rates. It's eEssential to own a REIT in your portfolio.
They're interesting for turning their properties into multi-purpose buildings with storage, condos and commercial spaces, which will be a big source of revenue in a few years. He also likes Choice Property REIT and Cominar REIT. Multiple expansion may happen to these REITs with declining interest rates. It's eEssential to own a REIT in your portfolio.
BUY
BUY
August 14, 2019
A year agothere was talk about the death of retail. He sees no growth in this space this year, but sees 6.5% AFFO growth next year. It trades at 14.4x and pays a 5-6% dividend. It's cheap vs. its peers. He likes it.
Show full opinionHide full opinionA year agothere was talk about the death of retail. He sees no growth in this space this year, but sees 6.5% AFFO growth next year. It trades at 14.4x and pays a 5-6% dividend. It's cheap vs. its peers. He likes it.
Smart REIT(SRU.UN-T) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 2
Neutral - Hold Signals / Votes : 2
Bearish - Sell Signals / Votes : 2
Total Signals / Votes : 6
Smart REIT(SRU.UN-T) Frequently Asked Questions
What is Smart REIT stock symbol?
Smart REIT is a Canadian stock, trading under the symbol SRU.UN-T on the Toronto Stock Exchange (SRU-UN-CT). It is usually referred to as TSX:SRU.UN or SRU.UN-T
Is Smart REIT a buy or a sell?
In the last year, 6 stock analysts published opinions about SRU.UN-T. 2 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is SELL. Read the latest stock experts' ratings for Smart REIT.
Is Smart REIT a good investment or a top pick?
Smart REIT was recommended as a Top Pick by Michelle Wearing on 2020-11-26. Read the latest stock experts ratings for Smart REIT.
Why is Smart 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 Smart REIT worth watching?
6 stock analysts on Stockchase covered Smart REIT In the last year. It is a trending stock that is worth watching.
What is Smart REIT stock price?
On 2020-12-04, Smart REIT (SRU.UN-T) stock closed at a price of $24.16.
Focus on Walmart and adjacent retail. Likes Walmart, but the adjacent retail faces headwinds. Management team says better growth in residential than in retail. She'd take this cue and invest in companies that already have residential exposure. Talk of distribution cut.