CT Real Estate Invest Trust

CRT.UN-T

Analysis and Opinions about CRT.UN-T

Signal
Opinion
Expert
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.

COMMENT
COMMENT
June 11, 2014

The negative on this is that you have a REIT that has the underlying stores as 80%-90% of your business, which probably means that it is less of a growth vehicle than some of the others, which are a bit smaller, that are trying to grow. Thinks of this as a yield hold only.

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The negative on this is that you have a REIT that has the underlying stores as 80%-90% of your business, which probably means that it is less of a growth vehicle than some of the others, which are a bit smaller, that are trying to grow. Thinks of this as a yield hold only.

BUY WEAKNESS
BUY WEAKNESS
January 17, 2014

Has some good potential. A little expensive at the $11 range, but on any pullbacks, he would Buy. 5.86% dividend yield.

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Has some good potential. A little expensive at the $11 range, but on any pullbacks, he would Buy. 5.86% dividend yield.

BUY
BUY
December 17, 2013

He is a big fan of the real estate. Took a big position. It is a one client operation - Canadian Tire. Now they are looking at neighbouring properties with shops that are where they are because Canadian Tire is next door and people go there.

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He is a big fan of the real estate. Took a big position. It is a one client operation - Canadian Tire. Now they are looking at neighbouring properties with shops that are where they are because Canadian Tire is next door and people go there.

COMMENT
COMMENT
October 23, 2013

He would be careful about these types of REITs in that you are dealing with almost non-arms length negotiations between the REIT and the rent it gets from the tenants. The company is going to maximize the benefits of that to their advantage. He would also be concerned if rates begin to rise as REITs are always somewhat interest sensitive.

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He would be careful about these types of REITs in that you are dealing with almost non-arms length negotiations between the REIT and the rent it gets from the tenants. The company is going to maximize the benefits of that to their advantage. He would also be concerned if rates begin to rise as REITs are always somewhat interest sensitive.

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