CT Real Estate Invest Trust

CRT.UN-T

Analysis and Opinions about CRT.UN-T

Signal
Opinion
Expert
BUY
BUY
October 31, 2019
CRT.UN vs. CHP.UN Choice Properties is the largest Canadian REIT. Strong management. Good pipeline, so no shortage of growth. Working to reduce leverage. Nothing wrong with it. Great company. Fairly valued, so better opportunities elsewhere. She prefers Canadian Tire, mainly on the valuation. More short-term upside.
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CRT.UN vs. CHP.UN Choice Properties is the largest Canadian REIT. Strong management. Good pipeline, so no shortage of growth. Working to reduce leverage. Nothing wrong with it. Great company. Fairly valued, so better opportunities elsewhere. She prefers Canadian Tire, mainly on the valuation. More short-term upside.
COMMENT
COMMENT
October 18, 2019

CTC.A vs CRT.UN? CRT.UN has had a nice upward breakout recently which is very positive -- you may have missed the upside move on this one. CTC.A-T has been in a choppy trading cycle since last December. It now seems to be showing some relative strength to the S&P Index. He would stick with CTC.A-T.

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CTC.A vs CRT.UN? CRT.UN has had a nice upward breakout recently which is very positive -- you may have missed the upside move on this one. CTC.A-T has been in a choppy trading cycle since last December. It now seems to be showing some relative strength to the S&P Index. He would stick with CTC.A-T.

HOLD
HOLD
July 31, 2019
This is very bond like and is very high quality. It was spun out from Canadian Tire. The yield is safe. A hold for him.
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This is very bond like and is very high quality. It was spun out from Canadian Tire. The yield is safe. A hold for him.
WAIT
WAIT
May 30, 2019
CT REIT vs. Choice Properties Choice is a Loblaw spinout. More exposure to office, industrial, and multi-family. Still working through integration. Long-term, steady eddy hold. Modest distribution increases. Massive development pipeline. For CT REIT, a very comfortable hold. At least 4% earnings growth. Long runway. Doesn't own either, as the economy isn't in a recession where she needs to own these bond proxies. But they're both great stocks.
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CT REIT vs. Choice Properties Choice is a Loblaw spinout. More exposure to office, industrial, and multi-family. Still working through integration. Long-term, steady eddy hold. Modest distribution increases. Massive development pipeline. For CT REIT, a very comfortable hold. At least 4% earnings growth. Long runway. Doesn't own either, as the economy isn't in a recession where she needs to own these bond proxies. But they're both great stocks.
COMMENT
COMMENT
February 14, 2018

He does not know this one well. You need to understand debt, payout ratios and they could have difficulty down the road.

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He does not know this one well. You need to understand debt, payout ratios and they could have difficulty down the road.

COMMENT
COMMENT
June 21, 2017

This is probably the safer way to get a little bit of income into your portfolio without having to take on a lot of volatility. His only concern is that, given that it is a very well capitalized company, if Canadian Tire is going to be a going concern over the course of the next 10-15 years. This is probably a good opportunity to get yield and have a little bit of upside.

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This is probably the safer way to get a little bit of income into your portfolio without having to take on a lot of volatility. His only concern is that, given that it is a very well capitalized company, if Canadian Tire is going to be a going concern over the course of the next 10-15 years. This is probably a good opportunity to get yield and have a little bit of upside.

COMMENT
COMMENT
April 18, 2017

Holds Canadian Tire real estate as well as some of the properties. A great company. They have good growth built into their leases and a very good real estate management team. This has been flat for about a year, and is starting to look more attractive. They continue to do very well on their earnings. Many retailers have faced issues, but this is not one of them. However, if that happens, you will end up with buildings in very, very small towns.

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Holds Canadian Tire real estate as well as some of the properties. A great company. They have good growth built into their leases and a very good real estate management team. This has been flat for about a year, and is starting to look more attractive. They continue to do very well on their earnings. Many retailers have faced issues, but this is not one of them. However, if that happens, you will end up with buildings in very, very small towns.

BUY
BUY
March 31, 2017

It is a very stable REIT. You have a very good tenant and the yield is a great alternative to a nominal bond. It is a good bond proxy. It won’t have a whole lot of volatility. 4.7% yield, sustainable.

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It is a very stable REIT. You have a very good tenant and the yield is a great alternative to a nominal bond. It is a good bond proxy. It won’t have a whole lot of volatility. 4.7% yield, sustainable.

HOLD
HOLD
February 21, 2017

(Market Call Minute.) Owns a lot of Canadian Tire retail holdings.

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(Market Call Minute.) Owns a lot of Canadian Tire retail holdings.

Alex Ruus

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Price
$15.330
Owned
Unknown
COMMENT
COMMENT
November 17, 2016

A great company. Had owned this for a long time, but got a little too pricey for him. However, it continues to do very well. Canadians understand the Canadian Tire brand and its stability. Although it is a fantastic name, he doesn’t think it deserves the premium that it is trading at now.

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A great company. Had owned this for a long time, but got a little too pricey for him. However, it continues to do very well. Canadians understand the Canadian Tire brand and its stability. Although it is a fantastic name, he doesn’t think it deserves the premium that it is trading at now.

BUY WEAKNESS
BUY WEAKNESS
September 2, 2016

The problem with this is the valuation. Has recommended this in the past, and it has continued to go up and up and up. He continued trimming until he now has none left. Would like to see it about $1 cheaper before going back in.

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The problem with this is the valuation. Has recommended this in the past, and it has continued to go up and up and up. He continued trimming until he now has none left. Would like to see it about $1 cheaper before going back in.

BUY WEAKNESS
BUY WEAKNESS
May 6, 2016

Great company. Stock has done very, very well. They own Canadian Tire properties across Canada. Have shown above average growth. This has been one of the top performers in Canada. Has been trimming his holdings as it has become too expensive. He would buy this on a pullback.

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Great company. Stock has done very, very well. They own Canadian Tire properties across Canada. Have shown above average growth. This has been one of the top performers in Canada. Has been trimming his holdings as it has become too expensive. He would buy this on a pullback.

TOP PICK
TOP PICK
July 27, 2015

He is leaning a bit defensive here. Great real estate team. This is a core name with him. There are opportunities for growth. It is a good, stable portfolio. You get the income, but not the volatility. They might add more retail to their properties.

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He is leaning a bit defensive here. Great real estate team. This is a core name with him. There are opportunities for growth. It is a good, stable portfolio. You get the income, but not the volatility. They might add more retail to their properties.

COMMENT
COMMENT
May 15, 2015

He is a big fan of this one. Their story is very simple. Canadian Tire is over 97% of their assets, and they have opportunities to buy more Canadian Tires as they adjust their real estate.

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He is a big fan of this one. Their story is very simple. Canadian Tire is over 97% of their assets, and they have opportunities to buy more Canadian Tires as they adjust their real estate.

COMMENT
COMMENT
October 16, 2014

Canadian Tire. Predominantly leased by Canadian Tire. Continues to be held 80% by Canadian Tire Corp. A sustainable distribution ratio of about 90%. If you look at single tenant REITs, the growth is not as good as a more diversified REIT. They should get 3% AFFO growth. If they developed on their redevelopment acquisitions it could be more. Lease terms are 8-9 years so there is not a lot of risk to their cash flows. But after that things could change.

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Canadian Tire. Predominantly leased by Canadian Tire. Continues to be held 80% by Canadian Tire Corp. A sustainable distribution ratio of about 90%. If you look at single tenant REITs, the growth is not as good as a more diversified REIT. They should get 3% AFFO growth. If they developed on their redevelopment acquisitions it could be more. Lease terms are 8-9 years so there is not a lot of risk to their cash flows. But after that things could change.

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