Brookfield Residential Property

BRP-T

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This company is not ACTIVE.

Analysis and Opinions about BRP-T

Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
April 13, 2015

(A Top Pick April 22/14. Up 36.88%.) Recently acquired by Brookfield Asset Management. Had really great assets and did a great job of investing in land, buying assets during the housing downturn in 08-09.

(A Top Pick April 22/14. Up 36.88%.) Recently acquired by Brookfield Asset Management. Had really great assets and did a great job of investing in land, buying assets during the housing downturn in 08-09.

Colin Stewart
CEO & Portfolio manager, JC Clark Investments Ltd.
Price
$31.250
Owned
No
COMMENT
COMMENT
June 18, 2014

If there is a caveat on any of these, it would be what happens if rates go up. This company has one of the best management teams around. He doesn't want to be in this sector.

If there is a caveat on any of these, it would be what happens if rates go up. This company has one of the best management teams around. He doesn't want to be in this sector.

Rick Stuchberry
Portfolio Manager, Wellington-Altus Private Wealth
Price
$21.220
Owned
No
TOP PICK
TOP PICK
April 22, 2014

A play on US housing, a trend he likes which he expects will continue to improve over the next number of years. One of the leading land development companies and homebuilders. The difference between them and other homebuilders is that they have about half their business in Western Canada, which has been very strong with the other half in the US. Almost more of a land development business where they make their profits by developing and selling lots than they do from building homes. Rising home prices in the US would lead to strong appreciation in land prices. Have about a 20-25 year inventory of lots in land, where the traditional homebuilder has only a 4-6 year inventory.

A play on US housing, a trend he likes which he expects will continue to improve over the next number of years. One of the leading land development companies and homebuilders. The difference between them and other homebuilders is that they have about half their business in Western Canada, which has been very strong with the other half in the US. Almost more of a land development business where they make their profits by developing and selling lots than they do from building homes. Rising home prices in the US would lead to strong appreciation in land prices. Have about a 20-25 year inventory of lots in land, where the traditional homebuilder has only a 4-6 year inventory.

Colin Stewart
CEO & Portfolio manager, JC Clark Investments Ltd.
Price
$22.830
Owned
Yes
PAST TOP PICK
PAST TOP PICK
October 31, 2013

(A Top Pick Oct 17/12. Up 26.89%.) A very special controlled company of the Brookfield group. This one is occupying vast lands on the US West Coast and holds luxury properties. A very good way to be invested in the best side of the housing situation in the US.

(A Top Pick Oct 17/12. Up 26.89%.) A very special controlled company of the Brookfield group. This one is occupying vast lands on the US West Coast and holds luxury properties. A very good way to be invested in the best side of the housing situation in the US.

Michael Smedley
Exec VP & Chief Investment Officer, Morgan Meighan & Associates
Price
$23.130
Owned
Yes
PAST TOP PICK
PAST TOP PICK
September 3, 2013

(A Top Pick October 17/12. Up 21.81%.) Has traded down with the real estate sector at large. Has very important holdings in mainly luxury property and vast landholdings in the West Coast area of the US.

(A Top Pick October 17/12. Up 21.81%.) Has traded down with the real estate sector at large. Has very important holdings in mainly luxury property and vast landholdings in the West Coast area of the US.

Michael Smedley
Exec VP & Chief Investment Officer, Morgan Meighan & Associates
Price
$20.780
Owned
Yes
DON'T BUY
DON'T BUY
October 29, 2012

Too illiquid for him to get into. Can easily get fees on house sales.

Too illiquid for him to get into. Can easily get fees on house sales.

Charles Dillingham
Vice President and Portfolio Manager, Morguard Financial
Price
$16.980
Owned
No
TOP PICK
TOP PICK
October 17, 2012

It was luxury homes in the US and combined it with Carma (?) in Canada. Rare opportunity to buy a combination and, indeed, to buy Canadian housing.

It was luxury homes in the US and combined it with Carma (?) in Canada. Rare opportunity to buy a combination and, indeed, to buy Canadian housing.

Michael Smedley
Exec VP & Chief Investment Officer, Morgan Meighan & Associates
Price
$17.060
Owned
Yes
COMMENT
COMMENT
May 30, 2011
Rights offering. Better to sell the rights or purchase the offer? If you are thinking of selling the rights, don’t bother buying as it costs you $10 a share and the market is saying $10.40. The entity will be 51% Canada and almost all western Canada. Some of the US markets are saying it is time to go. You won’t make money for awhile but could be good. (Ed. I think they are purchasing their rights.)
Rights offering. Better to sell the rights or purchase the offer? If you are thinking of selling the rights, don’t bother buying as it costs you $10 a share and the market is saying $10.40. The entity will be 51% Canada and almost all western Canada. Some of the US markets are saying it is time to go. You won’t make money for awhile but could be good. (Ed. I think they are purchasing their rights.)
Charles Dillingham
Vice President and Portfolio Manager, Morguard Financial
Price
$10.180
Owned
Yes
COMMENT
COMMENT
May 26, 2011
Land developer and home builder, primarily in Calgary Alberta with some Colorado, California and Washington DC. US housing market is still in dire straits and likely to be so for quite a long period of time.
Land developer and home builder, primarily in Calgary Alberta with some Colorado, California and Washington DC. US housing market is still in dire straits and likely to be so for quite a long period of time.
Dennis Mitchell, CFA
Executive Vice-President & Chief Investment Office, Sentry Select Capital Corp
Price
$10.340
Owned
No
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