Northview Apartment Real Estate

NVU.UN-T

Analysis and Opinions about NVU.UN-T

Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
July 20, 2012
(A Top Pick Aug 4/11. Up 15.36%.) Multifamily, primarily in northern geography. Selling their seniors housing portfolio which had been an overhang. As this works through, you should see this name work up.
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(A Top Pick Aug 4/11. Up 15.36%.) Multifamily, primarily in northern geography. Selling their seniors housing portfolio which had been an overhang. As this works through, you should see this name work up.
TOP PICK
TOP PICK
April 16, 2012
(A Top Pick March 10/11. Up 13.69%.) Underperformed phenomenally in the last little while. Going to be some changes in management. Stated they are going to get out of the nursing homes they are in but they have not got it done. On the other hand, it has low debt and low payout ratio. Caveat emptor because he doesn't know when it is going to stop going down. 5.1% distribution.
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(A Top Pick March 10/11. Up 13.69%.) Underperformed phenomenally in the last little while. Going to be some changes in management. Stated they are going to get out of the nursing homes they are in but they have not got it done. On the other hand, it has low debt and low payout ratio. Caveat emptor because he doesn't know when it is going to stop going down. 5.1% distribution.
PAST TOP PICK
PAST TOP PICK
(A Top Pick Feb 4/11. Up 21.8%.)
PAST TOP PICK
PAST TOP PICK
(A Top Pick Oct 18/11. Up 5.36%.)
BUY
BUY
November 11, 2011
Owns properties in relatively remote areas such as Northwest Territories, Northern BC and Alberta. Good REIT with a good management team. Attractive yield of 5.3%. Primary concern is sent out their retirement residences for about $200 million but will take some cash flow out of the business. Until the $200 million is deployed, it will have drag on them for the next couple of quarters.
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Owns properties in relatively remote areas such as Northwest Territories, Northern BC and Alberta. Good REIT with a good management team. Attractive yield of 5.3%. Primary concern is sent out their retirement residences for about $200 million but will take some cash flow out of the business. Until the $200 million is deployed, it will have drag on them for the next couple of quarters.
HOLD
HOLD
September 19, 2011
Very illiquid and going through some changes. Core of their business is excellent. Problem is that most of it is in the Arctic and has residential in the mining areas. Debt is very reasonable. Trying to get rid of their nursing homes/apartments. Nothing is major but it has put a bit of cloud on them. You won't get any growth for quite a while.
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Very illiquid and going through some changes. Core of their business is excellent. Problem is that most of it is in the Arctic and has residential in the mining areas. Debt is very reasonable. Trying to get rid of their nursing homes/apartments. Nothing is major but it has put a bit of cloud on them. You won't get any growth for quite a while.
TOP PICK
TOP PICK
August 4, 2011
The only purchasers of apartment buildings and commercial real estate in Yellowknife and Rankin Inlet so can pretty much dictate what price the transaction will take place at. Lower leverage and low payout ratio.
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The only purchasers of apartment buildings and commercial real estate in Yellowknife and Rankin Inlet so can pretty much dictate what price the transaction will take place at. Lower leverage and low payout ratio.
BUY
BUY
May 26, 2011
Primarily apartments but also some commercial real estate and located in northern areas of Alberta, BC and St Johns. Have increased their dividends consistently. Feels it’s worth about $32.
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Primarily apartments but also some commercial real estate and located in northern areas of Alberta, BC and St Johns. Have increased their dividends consistently. Feels it’s worth about $32.
TOP PICK
TOP PICK
March 10, 2011
Northern Alberta. Alberta and Arctic. Low debt and low payout ratio and good management group. Lots of room to grow, lots of excess capacity in Alberta where they economy is improving a lot. Number came out - very good.
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Northern Alberta. Alberta and Arctic. Low debt and low payout ratio and good management group. Lots of room to grow, lots of excess capacity in Alberta where they economy is improving a lot. Number came out - very good.
TOP PICK
TOP PICK
February 4, 2011
(A Top Pick March 19/10. Up 26.69%.) Still likes.
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(A Top Pick March 19/10. Up 26.69%.) Still likes.
WEAK BUY
WEAK BUY
November 17, 2010
Hey own several extended stay hotels. They have to deal with this before year-end because of REIT rules. Don’t be concerned about it. The change won’t be noticeably. Had a blow out quarter this quarter. A little expensive for him to buy now.
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Hey own several extended stay hotels. They have to deal with this before year-end because of REIT rules. Don’t be concerned about it. The change won’t be noticeably. Had a blow out quarter this quarter. A little expensive for him to buy now.
DON'T BUY
DON'T BUY
November 5, 2010
Philosophical challenge because they focus on residential properties in northern areas. Quality of properties is not that high. Risky name. Valuation does not reflect the risk in the name.
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Philosophical challenge because they focus on residential properties in northern areas. Quality of properties is not that high. Risky name. Valuation does not reflect the risk in the name.
BUY
BUY
Primarily apartments. 6.2% yield.
TOP PICK
TOP PICK
March 19, 2010
Went into the tar sands at the wrong time and got caught. Doing very well in Newfoundland. Less than 80% payout ratio and debt is less than 50%. Very responsible. Getting some good deals and the tar sands are starting to turn around. 16%-18% vacancy so there is a lot of room to move forward. 6.3% yield.
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Went into the tar sands at the wrong time and got caught. Doing very well in Newfoundland. Less than 80% payout ratio and debt is less than 50%. Very responsible. Getting some good deals and the tar sands are starting to turn around. 16%-18% vacancy so there is a lot of room to move forward. 6.3% yield.
BUY WEAKNESS
BUY WEAKNESS
March 17, 2010
Has a small operating business of furnished hotel suites, which does not qualify for the REIT tax exemption so management is going to scale back this part in order to qualify. Great name. 1st half of 2010 is going to be weak because of turn over, giving them a chance to spend CapX to maintain their apartments so growth should continue in the 2nd half.
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Has a small operating business of furnished hotel suites, which does not qualify for the REIT tax exemption so management is going to scale back this part in order to qualify. Great name. 1st half of 2010 is going to be weak because of turn over, giving them a chance to spend CapX to maintain their apartments so growth should continue in the 2nd half.
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