Milestone Apartment REIT

MST.UN-T

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0.00 (0.00%)
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Analysis and Opinions about MST.UN-T

Signal
Opinion
Expert
COMMENT
COMMENT
May 15, 2015

Has been an excellent, excellent story. It is probably one that he should have, but doesn’t. This is US apartments and pays in Cdn$. The growth of the apartment market in the US has been fantastic. They just did a stock issue.

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Has been an excellent, excellent story. It is probably one that he should have, but doesn’t. This is US apartments and pays in Cdn$. The growth of the apartment market in the US has been fantastic. They just did a stock issue.

TOP PICK
TOP PICK
May 11, 2015

Pays a nice dividend yield of 4.74%. Run by Americans and is a very interesting garden lifestyle REIT, for people who are not too wealthy and not too poor and they rent. It is now beginning to get recognized for its exceptional quality. Located in the fairly deep south and south east of the US.

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Pays a nice dividend yield of 4.74%. Run by Americans and is a very interesting garden lifestyle REIT, for people who are not too wealthy and not too poor and they rent. It is now beginning to get recognized for its exceptional quality. Located in the fairly deep south and south east of the US.

COMMENT
COMMENT
April 22, 2015

Very impressed with what this has done. One of the true success stories in the last year. This shows the success of the US apartment market and how this is an opportunity for Canadian investors. Very good managers. Prefers other similar companies.

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Very impressed with what this has done. One of the true success stories in the last year. This shows the success of the US apartment market and how this is an opportunity for Canadian investors. Very good managers. Prefers other similar companies.

BUY
BUY
March 18, 2015

This was a recent IPO and all of their assets are in the US, mostly in Texas. Their Houston exposure is not a concern. They have delivered stellar results. Occupancy and rents have been higher than anticipated, so free cash flow growth is higher than expected. Have benefited from a higher US$. Management team is relatively well aligned.

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This was a recent IPO and all of their assets are in the US, mostly in Texas. Their Houston exposure is not a concern. They have delivered stellar results. Occupancy and rents have been higher than anticipated, so free cash flow growth is higher than expected. Have benefited from a higher US$. Management team is relatively well aligned.

COMMENT
COMMENT
March 3, 2015

Apartments are the safest REITs in real estate generally. This one has done quite well, so it is possible that there could be a bit of a pullback in the sector. However, this is not Canadian real estate, it is US real estate and mostly in the Sunbelt of the US. Some of the US REITs in the apartment sector have been selling off recently, especially those with Houston exposure. This is a fine company.

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Apartments are the safest REITs in real estate generally. This one has done quite well, so it is possible that there could be a bit of a pullback in the sector. However, this is not Canadian real estate, it is US real estate and mostly in the Sunbelt of the US. Some of the US REITs in the apartment sector have been selling off recently, especially those with Houston exposure. This is a fine company.

BUY
BUY
December 29, 2014

Apartments principally in Texas. Rents are low compared to their competition. He owns Pure Multi-Family, which is similar. This one should do okay this year as well.

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Apartments principally in Texas. Rents are low compared to their competition. He owns Pure Multi-Family, which is similar. This one should do okay this year as well.

BUY
BUY
October 16, 2014

A newer REIT. All their assets are in the US. They are one of the better performers. High quality assets and in the higher rent range. Payout ratio in around 85% and sustainable. They just bought assets in Denver and he saw that as attractive. The dividends are sustainable also. They see strong free cash flow growth out of the portfolio.

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A newer REIT. All their assets are in the US. They are one of the better performers. High quality assets and in the higher rent range. Payout ratio in around 85% and sustainable. They just bought assets in Denver and he saw that as attractive. The dividends are sustainable also. They see strong free cash flow growth out of the portfolio.

WEAK BUY
WEAK BUY
July 15, 2014

Canadian way to invest in US real estate, mostly in Texas and a little in Atlanta. Low rent apartments whose market sees a lot of growth. Externally managed structure which he is not a huge fan of. He might own it short term. They have grown very strongly, however. If you are paying $800 a month you are less likely to move into a house. Prefers high quality REITs when investing in the US.

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Canadian way to invest in US real estate, mostly in Texas and a little in Atlanta. Low rent apartments whose market sees a lot of growth. Externally managed structure which he is not a huge fan of. He might own it short term. They have grown very strongly, however. If you are paying $800 a month you are less likely to move into a house. Prefers high quality REITs when investing in the US.

COMMENT
COMMENT
June 13, 2014

A Canadian REIT, but completely invested in US apartment buildings, mostly in the Texas area. Thinks you are fine going into the multi-family space in the US. It is very safe and very stable. Even though the US economy is turning around, the apartments that this REIT buys tends to be lower rent, which is where there is a lot of growth. 6% yield.

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A Canadian REIT, but completely invested in US apartment buildings, mostly in the Texas area. Thinks you are fine going into the multi-family space in the US. It is very safe and very stable. Even though the US economy is turning around, the apartments that this REIT buys tends to be lower rent, which is where there is a lot of growth. 6% yield.

BUY
BUY
April 29, 2014

Money will be flowing into US based REITs. They are able to continually raise their rents. There is an opportunity for Canadians who want US exposure to pick up some increases in rents.

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Money will be flowing into US based REITs. They are able to continually raise their rents. There is an opportunity for Canadians who want US exposure to pick up some increases in rents.

BUY
BUY
March 27, 2014

(Market Call Minute) Prefers to Morguard.

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(Market Call Minute) Prefers to Morguard.

Andy Nasr

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Price
$10.350
Owned
Unknown
BUY
BUY
February 28, 2014

(Market Call Minute) Multi-unit residential and has done well, driven from the move down in interest rates.

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(Market Call Minute) Multi-unit residential and has done well, driven from the move down in interest rates.

BUY
BUY
February 26, 2014

US apartments. A great way for Canadians to play the US apartment space. It is lagging its peers so he believes there is still upside.

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US apartments. A great way for Canadians to play the US apartment space. It is lagging its peers so he believes there is still upside.

COMMENT
COMMENT
January 17, 2014

A cross border REIT that came out late in the cycle. The market was quite hard on these REITs. They are all trading below their issue price. What you are buying with this one is US apartment REITs and they are trading at a much higher multiples then Milestone. They’ve also had a difficult time and were the worst performing sector last year. Comparing Milestone to its US peers, it was one of the top performing US apartment REITs last year. If you are comfortable with the US apartment market now, which he is, this is a great time to be buying this. 6.9% yield.

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A cross border REIT that came out late in the cycle. The market was quite hard on these REITs. They are all trading below their issue price. What you are buying with this one is US apartment REITs and they are trading at a much higher multiples then Milestone. They’ve also had a difficult time and were the worst performing sector last year. Comparing Milestone to its US peers, it was one of the top performing US apartment REITs last year. If you are comfortable with the US apartment market now, which he is, this is a great time to be buying this. 6.9% yield.

COMMENT
COMMENT
November 13, 2013

This is one of those interesting groups that came out near the top of the market and has a cross-border structure. Specializes in basic type apartments, mainly in Texas. Payout of 6.6% is very safe. Because it has higher debt, it is viewed as somewhat more interest-rate sensitive. However, if interest rates are going up because the economy is improving, this one is in the best position because it has a very short lease term.

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This is one of those interesting groups that came out near the top of the market and has a cross-border structure. Specializes in basic type apartments, mainly in Texas. Payout of 6.6% is very safe. Because it has higher debt, it is viewed as somewhat more interest-rate sensitive. However, if interest rates are going up because the economy is improving, this one is in the best position because it has a very short lease term.

BUY
BUY
September 24, 2013

This is part of a group of REITs that came out at the end of the cycle. Cross-border REIT so its assets are in the US. Externally managed which is a disadvantage. However, advantages you are getting are access to US assets. Apartment buildings, mostly in Texas with lower income levels. Looking really cheap at these levels. Have shown very impressive cash flow growth in the 8% range and he thinks this will pull back to the mid-5% range. 6.87% yield.

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This is part of a group of REITs that came out at the end of the cycle. Cross-border REIT so its assets are in the US. Externally managed which is a disadvantage. However, advantages you are getting are access to US assets. Apartment buildings, mostly in Texas with lower income levels. Looking really cheap at these levels. Have shown very impressive cash flow growth in the 8% range and he thinks this will pull back to the mid-5% range. 6.87% yield.

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