Pure Industrial Real Estatetrust Trust | StockChase
92
Pure Industrial Real Estatetrust Trust (AAR.UN-T)

Last Price Recorded: $6.6500 on 2017-12-14

ON STOCKCHASE SINCE Mar 2009

property mngmnt/investment
92
Pure Industrial Real Estatetrust Trust (AAR.UN-T)

Last Price Recorded: $6.6500 on 2017-12-14

ON STOCKCHASE SINCE Mar 2009

property mngmnt/investment

Pure Industrial Real Estatetrust Trust


Signal Opinion Expert
WEAK BUY

They have changed their strategy over the last couple of years.  Now they are making large acquisitions of portfolios and you get the good, the bad and the ugly.

property mngmnt/investment

They have changed their strategy over the last couple of years.  Now they are making large acquisitions of portfolios and you get the good, the bad and the ugly.

property mngmnt/investment
Jerome Hass

Portfolio Manager, Lightwater Partners...

PricePrice
$4.630
Owned Owned
Unknown

TOP PICK

Industrial.  Mostly Ontario and Alberta properties with a cap rate of 6.75.  The stock is very inexpensive.  Their properties have a courier that handles all the Amazon shipments.

property mngmnt/investment

Industrial.  Mostly Ontario and Alberta properties with a cap rate of 6.75.  The stock is very inexpensive.  Their properties have a courier that handles all the Amazon shipments.

property mngmnt/investment
Derek Warren

Asst Vice President, Lincluden Investment...

PricePrice
$4.630
Owned Owned
Yes

TOP PICK

Largest industrial REIT in Canada.  Assets across the country.  Recently purchased a portfolio in the US that is leased to FedEx.  He has a strong confidence in management.  They will grow free cash flow per share.  Trading at a 3-4% discount to NAV.

property mngmnt/investment

Largest industrial REIT in Canada.  Assets across the country.  Recently purchased a portfolio in the US that is leased to FedEx.  He has a strong confidence in management.  They will grow free cash flow per share.  Trading at a 3-4% discount to NAV.

property mngmnt/investment
Michael Missaghie

VP & Sr. Portfolio Manager, Sentry Investments...

PricePrice
$4.620
Owned Owned
Yes

TOP PICK

It just looks even cheaper now as the fundamentals look very strong.  FedEx centers across the US.  Does not think there is a lot of risk of diluting through share issue.

property mngmnt/investment

It just looks even cheaper now as the fundamentals look very strong.  FedEx centers across the US.  Does not think there is a lot of risk of diluting through share issue.

property mngmnt/investment
Derek Warren

Asst Vice President, Lincluden Investment...

PricePrice
$4.600
Owned Owned
Yes

TOP PICK

Right now, this is value. He is seeing great opportunities in the industrial space. On leasing, rental increases are not quite there but there are signs of firming. Much of the Canadian industrial markets of their tenants are selling products into the US. As the US sees strength coming in, the Canadians benefit. This one has the highest quality portfolio of industrials that is available in the public markets. Yield of 7.04%.

property mngmnt/investment

Right now, this is value. He is seeing great opportunities in the industrial space. On leasing, rental increases are not quite there but there are signs of firming. Much of the Canadian industrial markets of their tenants are selling products into the US. As the US sees strength coming in, the Canadians benefit. This one has the highest quality portfolio of industrials that is available in the public markets. Yield of 7.04%.

property mngmnt/investment
Derek Warren

Asst Vice President, Lincluden Investment...

PricePrice
$4.520
Owned Owned
Yes

TOP PICK

A Core position for him.  Very excited about the industrial market here in Canada.  These are the first businesses that will benefit.  Pure play connected to economic growth with very safe yield of 7% and a couple of percent in growth going forward.

property mngmnt/investment

A Core position for him.  Very excited about the industrial market here in Canada.  These are the first businesses that will benefit.  Pure play connected to economic growth with very safe yield of 7% and a couple of percent in growth going forward.

property mngmnt/investment
Derek Warren

Asst Vice President, Lincluden Investment...

PricePrice
$4.730
Owned Owned
Yes

TOP PICK

A value play and an income play.  The biggest spread between real property and REITs.  7.09% yield.  Up 1% since last year. 

property mngmnt/investment

A value play and an income play.  The biggest spread between real property and REITs.  7.09% yield.  Up 1% since last year. 

property mngmnt/investment
Derek Warren

Asst Vice President, Lincluden Investment...

PricePrice
$4.440
Owned Owned
Yes

TOP PICK

A very high quality income. You are getting a good yield of 6.13%. They have US assets, so you are getting some US exposure. High quality industrial assets will continue to benefit from our US partners. Also, they have a lot of logistics type of tenants, such as FedEx. (Analysts’ price target is $5.91.)

property mngmnt/investment

A very high quality income. You are getting a good yield of 6.13%. They have US assets, so you are getting some US exposure. High quality industrial assets will continue to benefit from our US partners. Also, they have a lot of logistics type of tenants, such as FedEx. (Analysts’ price target is $5.91.)

property mngmnt/investment
Derek Warren

Asst Vice President, Lincluden Investment...

PricePrice
$5.090
Owned Owned
Yes

TOP PICK
Occupancy has slipped from 100% to 99.8%. Didn't cut distributions during the downturn. Payout ratio of about 95%. 8.6% yield. Looking for over 20% return.
property mngmnt/investment
Occupancy has slipped from 100% to 99.8%. Didn't cut distributions during the downturn. Payout ratio of about 95%. 8.6% yield. Looking for over 20% return.
property mngmnt/investment
Dennis Mitchell, CFA

Executive Vice-President & Chief Investment Office, Sentry Select Capita...

PricePrice
$3.590
Owned Owned
Yes

TOP PICK

A very stable business. Holds a variety of properties that are very light industrial or warehouses. Has very long-term leases with the average being 9 years. There tends to be a lot of single tenant occupancies. Yield of 6.16%.

property mngmnt/investment

A very stable business. Holds a variety of properties that are very light industrial or warehouses. Has very long-term leases with the average being 9 years. There tends to be a lot of single tenant occupancies. Yield of 6.16%.

property mngmnt/investment
Jerome Hass

Portfolio Manager, Lightwater Partners...

PricePrice
$5.120
Owned Owned
Yes

TOP PICK

This is an income play. He is a big fan of the industrial market right now. Has seen a very large trend going on. Basically the Canadian industrial market is linked most directly to the US economy. US economy is improving at the same time that our dollar is weakening. So you have enough strength for the oil markets in Western Canada. Yet the weaker Cdn$ is actually helping bring back manufacturing into Ontario and Québec. This gives the opportunity for rent growth.

property mngmnt/investment

This is an income play. He is a big fan of the industrial market right now. Has seen a very large trend going on. Basically the Canadian industrial market is linked most directly to the US economy. US economy is improving at the same time that our dollar is weakening. So you have enough strength for the oil markets in Western Canada. Yet the weaker Cdn$ is actually helping bring back manufacturing into Ontario and Québec. This gives the opportunity for rent growth.

property mngmnt/investment
Derek Warren

Asst Vice President, Lincluden Investment...

PricePrice
$4.490
Owned Owned
Yes

TOP PICK
100% occupancy. Industrial properties, national footprint. Long term leases. Next year you get the benefit of contractual lease increases. Big chunk of debt comes up for renewal next year and they should be able to save a good 150 basis points on that debt cost. Good cash flow drivers going forward.
property mngmnt/investment
100% occupancy. Industrial properties, national footprint. Long term leases. Next year you get the benefit of contractual lease increases. Big chunk of debt comes up for renewal next year and they should be able to save a good 150 basis points on that debt cost. Good cash flow drivers going forward.
property mngmnt/investment
Dennis Mitchell, CFA

Executive Vice-President & Chief Investment Office, Sentry Select Capita...

PricePrice
$3.650
Owned Owned
Yes

TOP PICK

Portfolio is of higher quality, very good lease terms and very good relationships. Yield is a little bit low, but don’t be fooled by that. It’s lower because it is a stronger company, and has been priced better. With the little bit of recent price weakness it is an interesting opportunity. 6.7% yield.

property mngmnt/investment

Portfolio is of higher quality, very good lease terms and very good relationships. Yield is a little bit low, but don’t be fooled by that. It’s lower because it is a stronger company, and has been priced better. With the little bit of recent price weakness it is an interesting opportunity. 6.7% yield.

property mngmnt/investment
Derek Warren

Asst Vice President, Lincluden Investment...

PricePrice
$4.700
Owned Owned
Yes

TOP PICK

You are getting a 7.34% yield to be buying a very stable portfolio of industrial properties. It has some Alberta exposure, but the vast majority of properties are in Ontario. A neat angle is that they are doing the developments for many FedEx hubs. If you are concerned about e-commerce and its effect on the retail market, this is a way to get around it. A very cheap stock.

property mngmnt/investment

You are getting a 7.34% yield to be buying a very stable portfolio of industrial properties. It has some Alberta exposure, but the vast majority of properties are in Ontario. A neat angle is that they are doing the developments for many FedEx hubs. If you are concerned about e-commerce and its effect on the retail market, this is a way to get around it. A very cheap stock.

property mngmnt/investment
Derek Warren

Asst Vice President, Lincluden Investment...

PricePrice
$4.320
Owned Owned
Yes

STRONG BUY
Industrial properties and industrial is one of the best areas to be in right now. Very good management. 7.4% yield is safe.
property mngmnt/investment
Industrial properties and industrial is one of the best areas to be in right now. Very good management. 7.4% yield is safe.
property mngmnt/investment
Charles Dillingham

Vice President and Portfolio Manager, Morguard Financial...

PricePrice
$4.130
Owned Owned
Yes

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