TSE:SRU.UN
24.45
0.47
(1.96%)
Smart REIT
SRU.UN-T
Analysis and Opinions about SRU.UN-T
Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
(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.
WATCH
WATCH
July 8, 2019
They hold the supercentre malls in the suburbs anchored by Walmart. A good stock that pays a decent dividend. But he isn't super bullish, because Amazon will continue to take share of retail. Retailers will expand online and therefore pressure down retail rents.
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.
Show full opinionHide full opinion(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.
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.
Show full opinionHide full opinionOwns 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.
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.
Show full opinionHide full opinionThis 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.
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.
Show full opinionHide full opinionSince 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.
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.
Show full opinionHide full opinion(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.
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.
Show full opinionHide full opinionLoves 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.
BUY WEAKNESS
BUY WEAKNESS
December 5, 2018
An exceptional company with great leadership. In a meeting with the Chairman a few days ago he sees a very forward thinking team. Walmart is their biggest tenant – the only retailer to compete effectively against Amazon. At its current NAV it is worth waiting to buy on weakness.
Show full opinionHide full opinionAn exceptional company with great leadership. In a meeting with the Chairman a few days ago he sees a very forward thinking team. Walmart is their biggest tenant – the only retailer to compete effectively against Amazon. At its current NAV it is worth waiting to buy on weakness.
TOP PICK
TOP PICK
July 31, 2018
Yes, it’s retail, but best in class. Trades at 15x earnings, which is cheap. Spectacular management. Anchors for Walmart, which is doing well against Amazons of the world. Aggressive development in Toronto. Best tenants and assets. Diversifying and creating more margin. Yield is 5.8%. (Analysts’ price target is $32.61.)
Yes, it’s retail, but best in class. Trades at 15x earnings, which is cheap. Spectacular management. Anchors for Walmart, which is doing well against Amazons of the world. Aggressive development in Toronto. Best tenants and assets. Diversifying and creating more margin. Yield is 5.8%. (Analysts’ price target is $32.61.)
DON'T BUY
DON'T BUY
July 4, 2018
He does not presently hold any REITs today. It is consumer retail sales orientated and is interest rate sensitive. He is leery of both of these fundamental drivers.
He does not presently hold any REITs today. It is consumer retail sales orientated and is interest rate sensitive. He is leery of both of these fundamental drivers.
DON'T BUY
DON'T BUY
July 3, 2018
There is a lot of debate about the REIT sector. He is not at the point where he thinks it is time to step in. There is a lot of competition in the holding of retail assets and with the potential of retail shop closures. He owns WPT-T instead, which is more warehouse related.
There is a lot of debate about the REIT sector. He is not at the point where he thinks it is time to step in. There is a lot of competition in the holding of retail assets and with the potential of retail shop closures. He owns WPT-T instead, which is more warehouse related.
BUY
BUY
May 29, 2018
Mitch Goldhar was the founder who transformed SMART, the main landlord for Walmart. He's come back to execute and go up against Amazon. They are doing an amazing development north of Toronto. This has a chance to grow. It has one of the best lead tenants--a good anchor. It's best in class and a core holding for him. He really likes this.
Mitch Goldhar was the founder who transformed SMART, the main landlord for Walmart. He's come back to execute and go up against Amazon. They are doing an amazing development north of Toronto. This has a chance to grow. It has one of the best lead tenants--a good anchor. It's best in class and a core holding for him. He really likes this.
COMMENT
COMMENT
May 16, 2018
Which sector should I invest in: banks, REITs or pipelines? Banks. They have an oligopoly, earn steady profits, and have exposure to overseaS markets. But diversify. REITs have been neglected for many years due to exaggerated fears about a retail collapse (that Amazon will devour everyone). Retail REITs are trading below book value but have a low beta of 0.6. So, this is not a bad place to start in REITs.
Which sector should I invest in: banks, REITs or pipelines? Banks. They have an oligopoly, earn steady profits, and have exposure to overseaS markets. But diversify. REITs have been neglected for many years due to exaggerated fears about a retail collapse (that Amazon will devour everyone). Retail REITs are trading below book value but have a low beta of 0.6. So, this is not a bad place to start in REITs.
TOP PICK
TOP PICK
April 5, 2018
Has 32 million sq. ft. of retail space, 60% in Ontario. The whole retail challenge remains, but he sees the pendulum swinging back (to some degree) back to brick-and-mortar. Pays over 6% dividend. (Analysts' price target $34)
Has 32 million sq. ft. of retail space, 60% in Ontario. The whole retail challenge remains, but he sees the pendulum swinging back (to some degree) back to brick-and-mortar. Pays over 6% dividend. (Analysts' price target $34)
(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.