Smart REIT
SRU.UN-T
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Expert
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.
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.
investment companies/funds
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.
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.
investment companies/funds
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.
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.
investment companies/funds
Joshua Varghese
Portfolio manager, Signature Global Asset Management, CI Investments
$32.920
Unknown
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.
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.
investment companies/funds
TOP PICK
TOP PICK
September 20, 2019
investment companies/funds
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.
investment companies/funds
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.
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.
investment companies/funds
PAST TOP PICK
PAST TOP PICK
July 23, 2019
(A Top Pick Jul 31/18, Up 14%) One of the better REITs he has recommended. Walmart is the anchor for this holding -- a very strong tenant. They have new development in Northern Toronto, where condos are being built with 14% ROIs. Great management that continues to add value. Not an overly complicated REIT -- he likes that.
(A Top Pick Jul 31/18, Up 14%) One of the better REITs he has recommended. Walmart is the anchor for this holding -- a very strong tenant. They have new development in Northern Toronto, where condos are being built with 14% ROIs. Great management that continues to add value. Not an overly complicated REIT -- he likes that.
investment companies/funds
WATCH
WATCH
July 8, 2019
investment companies/funds
PAST TOP PICK
PAST TOP PICK
June 5, 2019
(A Top Pick Apr 05/18, Up 19%) There is a lot of turmoil in retail but they are demonstrating that brick and mortar still attracts the crowds. Good yield. Still likes it.
(A Top Pick Apr 05/18, Up 19%) There is a lot of turmoil in retail but they are demonstrating that brick and mortar still attracts the crowds. Good yield. Still likes it.
investment companies/funds
DON'T BUY
DON'T BUY
May 30, 2019
Owns mainly big box centres leased to Walmart. Doesn't own it because the core portfolio generates only 0-1% earnings growth a year. Future development is already built into the stock. Raise dividend about 1-2% a year. Gains in next few years should fund the distribution in the next few years.
Owns mainly big box centres leased to Walmart. Doesn't own it because the core portfolio generates only 0-1% earnings growth a year. Future development is already built into the stock. Raise dividend about 1-2% a year. Gains in next few years should fund the distribution in the next few years.
investment companies/funds
BUY WEAKNESS
BUY WEAKNESS
May 2, 2019
This is a final name. He sees them growing at 3.6% rate. Cheap enough at 15.2 times 2019. Trading in line with the REIT universe. Doing very well in occupancy. Dividend is safe. It was $28 in the last 12 months. You can probably get it at a lower price.
This is a final name. He sees them growing at 3.6% rate. Cheap enough at 15.2 times 2019. Trading in line with the REIT universe. Doing very well in occupancy. Dividend is safe. It was $28 in the last 12 months. You can probably get it at a lower price.
investment companies/funds
BUY
BUY
April 30, 2019
Since 2017, the chart is a rounded bottom, like a wide U. It looks good now. It's testing the $34 level. A bullish chart that looks good.
Since 2017, the chart is a rounded bottom, like a wide U. It looks good now. It's testing the $34 level. A bullish chart that looks good.
investment companies/funds
PAST TOP PICK
PAST TOP PICK
March 28, 2019
(A Top Pick Apr 05/18, Up 25%) An example of a name in retail. Around 60% Ontario and the rest around the country. Now growth might be muted. He would still buy it for the yield.
(A Top Pick Apr 05/18, Up 25%) An example of a name in retail. Around 60% Ontario and the rest around the country. Now growth might be muted. He would still buy it for the yield.
investment companies/funds
BUY
BUY
February 12, 2019
Loves it. Has long owned it. The typical Canadian has been in 3 of 4 of the stores they own in the last month. Very well-diversified. The death of retail (malls) has passed them well, and Smart has performed well.
Loves it. Has long owned it. The typical Canadian has been in 3 of 4 of the stores they own in the last month. Very well-diversified. The death of retail (malls) has passed them well, and Smart has performed well.
investment companies/funds
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