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

Last Price Recorded: $6.5800 on 2017-12-13

ON STOCKCHASE SINCE Mar 2009

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

Last Price Recorded: $6.5800 on 2017-12-13

ON STOCKCHASE SINCE Mar 2009

property mngmnt/investment

Pure Industrial Real Estatetrust Trust


Signal Opinion Expert
BUY
TransGlobe (TGA.UN-T) or Pure Industrial (AAR.UN-X)? Pure industrial is the only pure industrial vehicle in Canada. Industrials have been a weak sector but this company does not have the lousy stuff. Been buying at a good level. Reasonable payout ratio. You have to assume industrials are going to get better. Both are good quality at the higher end yield. You’re not wrong with either.
property mngmnt/investment
TransGlobe (TGA.UN-T) or Pure Industrial (AAR.UN-X)? Pure industrial is the only pure industrial vehicle in Canada. Industrials have been a weak sector but this company does not have the lousy stuff. Been buying at a good level. Reasonable payout ratio. You have to assume industrials are going to get better. Both are good quality at the higher end yield. You’re not wrong with either.
property mngmnt/investment
Charles Dillingham

Vice President and Portfolio Manager, Morguard Financial...

PricePrice
$4.200
Owned Owned
Unknown

BUY
They continue to do good things. Internalizing management that was formerly run by another company. Have done a good job of building up the number of properties and making it a more substantial REIT. You should expect dependable, but not spectacular growth.
property mngmnt/investment
They continue to do good things. Internalizing management that was formerly run by another company. Have done a good job of building up the number of properties and making it a more substantial REIT. You should expect dependable, but not spectacular growth.
property mngmnt/investment
Ben Cheng

President and Chief Investment Officer, Aston Hill Financial...

PricePrice
$4.230
Owned Owned
No

COMMENT
The only pure industrial play in the country. Was down dramatically when one person sold 250,000-300,000 units. Stock is now recovered to $4. NAV is probably around $3.80.
property mngmnt/investment
The only pure industrial play in the country. Was down dramatically when one person sold 250,000-300,000 units. Stock is now recovered to $4. NAV is probably around $3.80.
property mngmnt/investment
Dennis Mitchell, CFA

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

PricePrice
$4.020
Owned Owned
Yes

BUY
The only pure industrial name in Canada. Stock slipped recently when they did an equity raise at $4.10 to finance some acquisitions. Trading at a good premium to NAV and has ability to grow rapidly.
property mngmnt/investment
The only pure industrial name in Canada. Stock slipped recently when they did an equity raise at $4.10 to finance some acquisitions. Trading at a good premium to NAV and has ability to grow rapidly.
property mngmnt/investment
Dennis Mitchell, CFA

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

PricePrice
$4.110
Owned Owned
Yes

BUY
pure industrial reit Likes. They are internalizing their management, and doing so at no cost to the reit. They are focused exclusively in industrial so they are a pure play. They own.
property mngmnt/investment
pure industrial reit Likes. They are internalizing their management, and doing so at no cost to the reit. They are focused exclusively in industrial so they are a pure play. They own.
property mngmnt/investment
Jeffrey F. Olin

President & CEO, Vision Capital Corpo...

PricePrice
$4.050
Owned Owned
Yes

BUY
Participated in all 4 issues. Very entrepreneurial. Have done a very good job of getting quality tenants. Industrial area ahs been soft and they took advantage of that. Industrials are starting to get stronger.
property mngmnt/investment
Participated in all 4 issues. Very entrepreneurial. Have done a very good job of getting quality tenants. Industrial area ahs been soft and they took advantage of that. Industrials are starting to get stronger.
property mngmnt/investment
Charles Dillingham

Vice President and Portfolio Manager, Morguard Financial...

PricePrice
$4.240
Owned Owned
Yes

COMMENT
One of the few pure industrial plays. Would prefer it around $4.15. Probably worth about $5. He wants an 18% total return on this.
property mngmnt/investment
One of the few pure industrial plays. Would prefer it around $4.15. Probably worth about $5. He wants an 18% total return on this.
property mngmnt/investment
Dennis Mitchell, CFA

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

PricePrice
$4.420
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

BUY
Industrial real estate. These folks know what they are doing. This class looks to him like it is rebounding.
property mngmnt/investment
Industrial real estate. These folks know what they are doing. This class looks to him like it is rebounding.
property mngmnt/investment
Jeffrey F. Olin

President & CEO, Vision Capital Corpo...

PricePrice
$4.330
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

DON'T BUY
Industrial properties across Canada, but mostly out west. Made a lot of acquisitions over the last two years and it has really out performed. Multiple is a little high. Industrial is not the best in class asset. It is cyclical and there are issues with vacancies.
property mngmnt/investment
Industrial properties across Canada, but mostly out west. Made a lot of acquisitions over the last two years and it has really out performed. Multiple is a little high. Industrial is not the best in class asset. It is cyclical and there are issues with vacancies.
property mngmnt/investment
Paul Gardner, CFA

Partner and Portfolio Manager, Avenue Investment Ma...

PricePrice
$4.450
Owned Owned
Unknown

COMMENT
Focuses on industrial property space. Very efficient at picking up good yielding properties. Have tons of capital that they can access. Bringing their external management in-house. 7.7% yield.
property mngmnt/investment
Focuses on industrial property space. Very efficient at picking up good yielding properties. Have tons of capital that they can access. Bringing their external management in-house. 7.7% yield.
property mngmnt/investment
Paul Gardner, CFA

Partner and Portfolio Manager, Avenue Investment Ma...

PricePrice
$3.950
Owned Owned
Unknown

BUY
Focus on the Canadian industrial space. Recently went through an internal management, which is good. Strong management. Properties are reasonably high quality. Decent yield.
property mngmnt/investment
Focus on the Canadian industrial space. Recently went through an internal management, which is good. Strong management. Properties are reasonably high quality. Decent yield.
property mngmnt/investment
Jeffrey F. Olin

President & CEO, Vision Capital Corpo...

PricePrice
$3.850
Owned Owned
Yes

COMMENT
A mixed performer this year. Interesting because industrial market has been soft in a lot of parts of the country but doesn’t affect them because they have very high quality deals. Income is very safe. Would watch for signs of it flattening out because it is illiquid and it looks like someone is selling a lot of stock.
property mngmnt/investment
A mixed performer this year. Interesting because industrial market has been soft in a lot of parts of the country but doesn’t affect them because they have very high quality deals. Income is very safe. Would watch for signs of it flattening out because it is illiquid and it looks like someone is selling a lot of stock.
property mngmnt/investment
Charles Dillingham

Vice President and Portfolio Manager, Morguard Financial...

PricePrice
$3.850
Owned Owned
Yes

COMMENT

This is going to trade along with all the other REITs. The current situation is a multiple compression story. Dividend is probably safe, but he feels you should worry about further capital loss if we ever have a further rise in interest rates. He would advise that you diversify away from REITs.

property mngmnt/investment

This is going to trade along with all the other REITs. The current situation is a multiple compression story. Dividend is probably safe, but he feels you should worry about further capital loss if we ever have a further rise in interest rates. He would advise that you diversify away from REITs.

property mngmnt/investment
James Telfser

Partner & Portfolio Manager, Aventine Management ...

PricePrice
$4.080
Owned Owned
Unknown

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