TSE:WIR.UN

26.81
0.05 (0.19%) 1d
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PAST TOP PICK
(A Top Pick Jan 12/21, Up 48%) Great-managed REIT. Taken out.
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COMMENT
Taken over by Blackstone. No longer listed.
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PAST TOP PICK
(A Top Pick Oct 19/20, Up 70%) It was taken out. Industrial real estate is hot. Pension funds keep raising money and need access to product. He has topped up a few others in the sector.
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HOLD
It is being bought in an all cash deal. There is a nice spread for those that are willing to take advantage of the take-out. To move out, he would suggest US real estate traded in Canada – see his Top Picks today. Dream (DIR.UN-T) is another to take a look at.
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BUY

He finds the sectors that have tailwinds and goes bottom-up to find discounts. You could buy one or both of these: WIR.UN (industrial) or HOM.UN (apartments), as both are USD denominated, listed on TSX, in sectors that he likes.

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TOP PICK
Trades in USD and CAD. Implied cap rate is just under 5%. Focused on industrial space. Loves that space, tailwinds are immense. Yield is 4.0%. (Analysts’ price target is $24.08)
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BUY
He is very bullish on it. It operates solely in the US. Canadian investors don't value these stocks appropriately and US investors don't typically come north of the boarder to buy real estate exposure. He thinks we are in the early innings of the industrial warehouse cycle. They have a growing fee income stream.
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BUY
One of his favourite investments. Assets are all in the US. Benefits from US exposure to e-commerce. Still cheap relative to NAV. Trades at a 5% discount. A great theme that you don't have to overthink. Likes management.
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PAST TOP PICK
(A Top Pick Apr 30/20, Up 36%) Because it holds US assets, but the REIT lists in Canada, you can buy the cheapest US industrial REIT. Cap rate is 5.5%. Drop that to 5%, then this REIT is worth north of $18. They're doing the right capital allocation buying assets, yet also selling assets to partners. Likes the valuation. E-commerce will remain at current levels or rise, but not decline, so this is a major tailwind.
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TOP PICK
He loves industrial REITs because of e-commerce. Their holdings are all in the US. Interest rates are low, so refinancing is cheap. Best in class. (Analysts’ price target is $19.53)
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BUY
Warehouses and distribution centres. 98% occupancy. Sweet spot of several trends such as e-commerce, high occupancy means stable rent, manufacturing growth. Really great story. They can grow in Canada and the US.
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TOP PICK
This is the backbone and infrastructure of E-commerce and logistics. All the big box warehouses near airports are fully leased and they need more of it especially in major hubs. There are 100 properties in the US. They have good institutional support. They trade 10% less than some of their Canadian peers but 30% cheaper than the US peers. They are collecting 99% of their rents and renew leases at higher prices. Earnings and growth are there. It is a blue chip REIT. You can make 20% in the next 12 months. (Analysts’ price target is $14.82)
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PAST TOP PICK
(A Top Pick Sep 19/19, Down 3%) Given the correction, it has been flat. The shift to e-commerce has benefitted this company. They are a logistical warehouse provider. The company has a bright future ahead of it. A private equity type investment.
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COMMENT

They collected 99.5% of rents in July, a great number. Leverage is high. They pay out 100% of their AFFO, so they won't raise their dividend. She likes this, but prefers Granite REIT.

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Curated by Allan Tong since 2019.
99+ opinions with 4.15 rating.

TOP PICK
Though it trades in Toronto, WPT owns warehouses in the States. Basically, e-commerce stores stuff in these warehouses, and e-commerce has been roaring during this pandemic. Year-to-date, WPT inches slightly ahead of the TSX, but in the past month, the Toronto benchmark has climbed 3.3% while WPT has surged 5.5%. Analyst Andrew Moffs argues that WPT would perform even better if it wasn't trading in Canada. Despite that, he made it a top pick during the lockdown. Robert Lauzon applauds WIR's outperformance during those difficult months and continues to hold it too. Paying a near-6% dividend doesn't hurt. WIR trades at only a 6.1x PE and boasts revenue growth YOY of 25.75%. The REIT currently has six buy ratings and two holds with an average price target of $15.07, more than $2 above its current stock price. WIR is trading slightly above its 50- and 200-day moving averages.
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WPT Industrial REIT(WIR.UN-T) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for WPT Industrial REIT is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

WPT Industrial REIT(WIR.UN-T) Frequently Asked Questions

What is WPT Industrial REIT stock symbol?

WPT Industrial REIT is a Canadian stock, trading under the symbol WIR.UN-T on the Toronto Stock Exchange (WIR.UN-CT). It is usually referred to as TSX:WIR.UN or WIR.UN-T

Is WPT Industrial REIT a buy or a sell?

In the last year, there was no coverage of WPT Industrial REIT published on Stockchase.

Is WPT Industrial REIT a good investment or a top pick?

WPT Industrial REIT was recommended as a Top Pick by on . Read the latest stock experts ratings for WPT Industrial REIT.

Why is WPT Industrial REIT stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is WPT Industrial REIT worth watching?

0 stock analysts on Stockchase covered WPT Industrial REIT In the last year. It is a trending stock that is worth watching.

What is WPT Industrial REIT stock price?

On 2021-10-19, WPT Industrial REIT (WIR.UN-T) stock closed at a price of $26.81.