True North Apartment REIT

TN.UN-T

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0.00 (0.00%)
This company is not ACTIVE.

Analysis and Opinions about TN.UN-T

Signal
Opinion
Expert
BUY
BUY
December 17, 2013

Facing a lot of the same circumstances as the others that came out late in the cycle, issuing additionally equity to refinance purchases. Thinks they could be taken out. Don’t add more money. Go for a name that is more liquid and also beaten up.

Facing a lot of the same circumstances as the others that came out late in the cycle, issuing additionally equity to refinance purchases. Thinks they could be taken out. Don’t add more money. Go for a name that is more liquid and also beaten up.

Derek Warren
Asst Vice President, Lincluden Investment Mgmnt
Price
$7.770
Owned
Unknown
COMMENT
COMMENT
November 28, 2013

Has recently graduated to the TSX. Like all REITs, has done nothing lately. The smaller REITs do not reflect the true intrinsic value. 8.5% dividend yield is fully covered by the cash flow. (See Top Picks.)

Has recently graduated to the TSX. Like all REITs, has done nothing lately. The smaller REITs do not reflect the true intrinsic value. 8.5% dividend yield is fully covered by the cash flow. (See Top Picks.)

Barry Schwartz
CIO & Portfolio Manager, Baskin Wealth Management
Price
$8.240
Owned
Unknown
BUY
BUY
October 9, 2013

Small apartment REIT. Terrific investment. Attractive apartments in Ontario and Montreal. Growing diversification. They announced a stock buyback. The only apartment REIT he owns. He has a 5% REIT exposure.

Small apartment REIT. Terrific investment. Attractive apartments in Ontario and Montreal. Growing diversification. They announced a stock buyback. The only apartment REIT he owns. He has a 5% REIT exposure.

Barry Schwartz
CIO & Portfolio Manager, Baskin Wealth Management
Price
$8.260
Owned
Yes
COMMENT
COMMENT
September 24, 2013

Gives you exposure to the apartment market. In an inflationary environment, they have the tendency to appreciate with that because they can adjust their rents quickly. There are others that he prefers such as Killam Properties (KMP-T) and Cap REIT (CAR.UN-T). 8.5% yield. (See Top Picks.)

Gives you exposure to the apartment market. In an inflationary environment, they have the tendency to appreciate with that because they can adjust their rents quickly. There are others that he prefers such as Killam Properties (KMP-T) and Cap REIT (CAR.UN-T). 8.5% yield. (See Top Picks.)

Derek Warren
Asst Vice President, Lincluden Investment Mgmnt
Price
$8.150
Owned
Unknown
SELL
SELL
August 30, 2013

(Market Call Minute) Valuation is still relatively stretched, equity issue coming probably.

(Market Call Minute) Valuation is still relatively stretched, equity issue coming probably.

Andy Nasr
VP & Investment Strategist, Sentry Investments
Price
$8.160
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
July 23, 2013

(A Top Pick Aug 20/12. Down 21.87%.) This REIT hasn’t done anything particularly wrong. When people sell down in a sector, small caps get hurt most. Good management. Still a Hold.

(A Top Pick Aug 20/12. Down 21.87%.) This REIT hasn’t done anything particularly wrong. When people sell down in a sector, small caps get hurt most. Good management. Still a Hold.

Bruce Campbell (1)
President, Campbell and Lee InvMngmnt
Price
$8.200
Owned
Yes
BUY
BUY
July 3, 2013

Their Chairman of the Board has been buying stock on the open market almost every day since June. If he’s taking advantage of the depressed stock price, probably you should too. Great company. You’ll have to be patient.

Their Chairman of the Board has been buying stock on the open market almost every day since June. If he’s taking advantage of the depressed stock price, probably you should too. Great company. You’ll have to be patient.

Barry Schwartz
CIO & Portfolio Manager, Baskin Wealth Management
Price
$8.000
Owned
Unknown
DON'T BUY
DON'T BUY
June 14, 2013

Owns apartments all across Canada. He avoids REITS with high payout rations and growth by acquisition. Highly leveraged balance sheet. Prefers Interrent.

Owns apartments all across Canada. He avoids REITS with high payout rations and growth by acquisition. Highly leveraged balance sheet. Prefers Interrent.

Andy Nasr
VP & Investment Strategist, Sentry Investments
Price
$8.440
Owned
Unknown
BUY
BUY
May 15, 2013

Is a very young company, owner of apartment buildings in Toronto and Montreal. Has a nice yield on it and a small capitization. Thinks they will grow over time, but it's a risk with a small cap stock.

Is a very young company, owner of apartment buildings in Toronto and Montreal. Has a nice yield on it and a small capitization. Thinks they will grow over time, but it's a risk with a small cap stock.

David Baskin
President, Baskin Wealth Management
Price
$8.550
Owned
Yes
DON'T BUY
DON'T BUY
May 13, 2013

Thinks the dividend is safe, and payout ratio around 95%. Problems are 1. externally managed, 2. management is incentivised to use finacial engineering to make their money. Doesn't feel that this will be a good story in 18 months.

Thinks the dividend is safe, and payout ratio around 95%. Problems are 1. externally managed, 2. management is incentivised to use finacial engineering to make their money. Doesn't feel that this will be a good story in 18 months.

Andy Nasr
VP & Investment Strategist, Sentry Investments
Price
$9.230
Owned
No
BUY
BUY
May 6, 2013

Share consolidation 2 for 5 recently. He is quite enthusiastic about multi-unit residential. Fort McMurray. Economy there is strong. The consolidation is probably going to be an exception to the rule that after a consolidation the stock goes lower.

Share consolidation 2 for 5 recently. He is quite enthusiastic about multi-unit residential. Fort McMurray. Economy there is strong. The consolidation is probably going to be an exception to the rule that after a consolidation the stock goes lower.

Ben Cheng
President and Chief Investment Officer, Aston Hill Financial Ltd.
Price
$3.830
Owned
Unknown
BUY
BUY
April 18, 2013

A Top Pick the last time he was on the show. He likes the sector of apartment buildings. Good management. Wonderful company and it is just getting started so it is going to be volatile. You own this one for the 7.5% distribution.

A Top Pick the last time he was on the show. He likes the sector of apartment buildings. Good management. Wonderful company and it is just getting started so it is going to be volatile. You own this one for the 7.5% distribution.

Barry Schwartz
CIO & Portfolio Manager, Baskin Wealth Management
Price
$3.710
Owned
Yes
BUY
BUY
April 4, 2013

Apartments. Canadian apartment sector is fragmented and it is hard to acquire assets. Look for their ability to grow by adding free cash flow per unit. Management did a good job of acquiring assets and going forward they will continue to do so. Distribution is safe and going forward payout ratio and leverage will come down.

Apartments. Canadian apartment sector is fragmented and it is hard to acquire assets. Look for their ability to grow by adding free cash flow per unit. Management did a good job of acquiring assets and going forward they will continue to do so. Distribution is safe and going forward payout ratio and leverage will come down.

Michael Missaghie
VP & Sr. Portfolio Manager, Sentry Investments
Price
$3.600
Owned
Yes
TOP PICK
TOP PICK
February 26, 2013

Unusual for him to buy a Venture exchange company, especially one with such a low market cap. Shrewd operators. Management has a great track record of creating value for shareholders. Acquiring good quality apartment buildings great cash flow. Beautiful yield of 7.36%.

Unusual for him to buy a Venture exchange company, especially one with such a low market cap. Shrewd operators. Management has a great track record of creating value for shareholders. Acquiring good quality apartment buildings great cash flow. Beautiful yield of 7.36%.

Barry Schwartz
CIO & Portfolio Manager, Baskin Wealth Management
Price
$3.850
Owned
Yes
DON'T BUY
DON'T BUY
January 31, 2013

Some concerns with the structure of the REIT and particularly the area at this point in the cycle of buying companies that are focused on growth by acquisition, where there is an external management contract. Majority of assets coming into this REIT in the next few years will come from TransGlobe.

Some concerns with the structure of the REIT and particularly the area at this point in the cycle of buying companies that are focused on growth by acquisition, where there is an external management contract. Majority of assets coming into this REIT in the next few years will come from TransGlobe.

Andy Nasr
VP & Investment Strategist, Sentry Investments
Price
$3.950
Owned
No
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