Andrew Moffs
Member since: Nov '19
Senior Vice President and Portfolio Manager at
Vision Capital
Vision Capital
157 Opinions
Latest Top Picks
(A Top Pick Mar 05/20, Down 15%) He's still buying it today. Affordable apartments in the US. Navigated well through the pandemic. Cheap stock, well situated.
(A Top Pick Mar 05/20, Up 17%) Likes their strategy. Use technology adeptly, so margins and valuations have gone higher. Big runway.
(A Top Pick Mar 05/20, Up 9%) Demand exceeds supply in Canada, so lots of runway. Valuation is cheap. Uses technology well. Market leader.
A way to diversify away from Canadian markets, but still listed on the TSX. Cheap. Lots of upside. Great job of recycling their portfolio. Great chance to buy a smaller, higher growth REIT. Yield is 4.54%. (Analysts’ price target is $16.19)
Focused on Dublin market, where there's a severe shortage of housing. Ireland is one of the winners of Brexit, as well as being a tech hub. Trades at big discount to NAV. Nice company, nice growth. Yield is 3.90%. (Analysts’ price target is $1.52)
Signal
Opinion
Expert
Chart
COMMENT
COMMENT
January 28, 2021
What's trends are catching your eye? Condo market is quite different than publicly traded real estate. CAR, for example, is focused on the upper tier suburban market that isn't competing with condo rents. Condo rents are being affected by a shutdown in population growth. Return of immigration and foreign students will make a big difference to the condo market downtown. In the meantime, apartment REITs such as CAR are well positioned.
Show full opinionHide full opinion
What's trends are catching your eye? Condo market is quite different than publicly traded real estate. CAR, for example, is focused on the upper tier suburban market that isn't competing with condo rents. Condo rents are being affected by a shutdown in population growth. Return of immigration and foreign students will make a big difference to the condo market downtown. In the meantime, apartment REITs such as CAR are well positioned.
COMMENT
COMMENT
January 28, 2021
What about retail trends? Retail properties need to reinvent themselves, and this will take a lot of capital. First quarter will be choppy. More store closures than last year. He's staying away from retail. Winners continue to be logistics and industrial warehouse real estate. There's growth there. Consumer hasn't stopped shopping; they're just shopping differently.
Show full opinionHide full opinionWhat about retail trends? Retail properties need to reinvent themselves, and this will take a lot of capital. First quarter will be choppy. More store closures than last year. He's staying away from retail. Winners continue to be logistics and industrial warehouse real estate. There's growth there. Consumer hasn't stopped shopping; they're just shopping differently.
HOLD
HOLD
January 28, 2021
Right area of healthcare. Global footprint. Trades at a premium. As they continue to acquire assets, they should be in a good spot. If you own it, continue to hold.
Show full opinionHide full opinionRight area of healthcare. Global footprint. Trades at a premium. As they continue to acquire assets, they should be in a good spot. If you own it, continue to hold.
REAL ESTATE
BUY WEAKNESS
BUY WEAKNESS
January 28, 2021
Apartment sector in Canada, concentrated in Ottawa, but also across Canada. Hurt because of high-end exposure to downtown areas. Cheap. Thinks highly of management. Should do well in a v-shaped recovery. Trades at a discount. Hold it, and look for pullbacks to buy.
Show full opinionHide full opinionApartment sector in Canada, concentrated in Ottawa, but also across Canada. Hurt because of high-end exposure to downtown areas. Cheap. Thinks highly of management. Should do well in a v-shaped recovery. Trades at a discount. Hold it, and look for pullbacks to buy.
REAL ESTATE
HOLD
HOLD
January 28, 2021
Thinks highly of management. Focus on Atlantic, with nice expansion west. Stable operator. Nice value-added strategy. Steady growth. Rebounded nicely off lows. But growth won't be the same as other REITs.
Show full opinionHide full opinionThinks highly of management. Focus on Atlantic, with nice expansion west. Stable operator. Nice value-added strategy. Steady growth. Rebounded nicely off lows. But growth won't be the same as other REITs.
property mngmnt/investment
HOLD
HOLD
January 28, 2021
Focus on data centres in key markets globally. Secular themes that work, with data consumption and the cloud. Supply has been an issue, but now more balanced. Trades at a nice premium, whereas he's always trying to find discounts. Long-term secular growth. Trim on strength.
Show full opinionHide full opinionFocus on data centres in key markets globally. Secular themes that work, with data consumption and the cloud. Supply has been an issue, but now more balanced. Trades at a nice premium, whereas he's always trying to find discounts. Long-term secular growth. Trim on strength.
Financial Services
DON'T BUY
DON'T BUY
January 28, 2021
Very strong management, high credit tenant base with pharmacies and grocery stores. It's a tough leasing environment right now. Resiliency of retail is being questioned. If you want better growth, look elsewhere.
Show full opinionHide full opinionVery strong management, high credit tenant base with pharmacies and grocery stores. It's a tough leasing environment right now. Resiliency of retail is being questioned. If you want better growth, look elsewhere.
REAL ESTATE
SELL
SELL
January 28, 2021
Subject of a takeover by parent. Do you wait for a better offer, or sell now? He'd sell. You could switch to BAM. Thinks highly of WPT Industrial REIT, which has more upside than BAM.
Subject of a takeover by parent. Do you wait for a better offer, or sell now? He'd sell. You could switch to BAM. Thinks highly of WPT Industrial REIT, which has more upside than BAM.
REAL ESTATE
BUY
BUY
January 28, 2021
Thinks very highly of management, likes portfolio exposure. Warehouses in Canada, US, and Europe. Its Magna leases have a lot of upside. Has grown effectively. Warehouse facilities are in demand from e-commerce. Attractive at these levels. Yield is about 4%.
Thinks very highly of management, likes portfolio exposure. Warehouses in Canada, US, and Europe. Its Magna leases have a lot of upside. Has grown effectively. Warehouse facilities are in demand from e-commerce. Attractive at these levels. Yield is about 4%.
property mngmnt/investment
DON'T BUY
DON'T BUY
January 28, 2021
Tough to own. Retail, office, some industrial. Deep value, but doesn't see a catalyst. He's not a buyer of enclosed mall office or retail.
Show full opinionHide full opinionTough to own. Retail, office, some industrial. Deep value, but doesn't see a catalyst. He's not a buyer of enclosed mall office or retail.
investment companies/funds
PAST TOP PICK
PAST TOP PICK
January 28, 2021
(A Top Pick Mar 05/20, Down 15%) He's still buying it today. Affordable apartments in the US. Navigated well through the pandemic. Cheap stock, well situated.
Show full opinionHide full opinion(A Top Pick Mar 05/20, Down 15%) He's still buying it today. Affordable apartments in the US. Navigated well through the pandemic. Cheap stock, well situated.
REAL ESTATE
PAST TOP PICK
PAST TOP PICK
January 28, 2021
(A Top Pick Mar 05/20, Up 17%) Likes their strategy. Use technology adeptly, so margins and valuations have gone higher. Big runway.
Show full opinionHide full opinion(A Top Pick Mar 05/20, Up 17%) Likes their strategy. Use technology adeptly, so margins and valuations have gone higher. Big runway.
REAL ESTATE
PAST TOP PICK
PAST TOP PICK
January 28, 2021
(A Top Pick Mar 05/20, Up 9%) Demand exceeds supply in Canada, so lots of runway. Valuation is cheap. Uses technology well. Market leader.
Show full opinionHide full opinion(A Top Pick Mar 05/20, Up 9%) Demand exceeds supply in Canada, so lots of runway. Valuation is cheap. Uses technology well. Market leader.
BUY WEAKNESS
BUY WEAKNESS
January 28, 2021
Likes it and its sector. Trade at a healthy premium. In the right markets. Growth has traditionally been there. Fairly valued today. Look for pullbacks to buy.
Show full opinionHide full opinionLikes it and its sector. Trade at a healthy premium. In the right markets. Growth has traditionally been there. Fairly valued today. Look for pullbacks to buy.
investment companies/funds
DON'T BUY
DON'T BUY
January 28, 2021
Likes the way it's positioned to take advantage of opportunities in the future. Has transitioned to focus on the major markets. It's a trading stock. Question marks on the horizon. Not a buy today. Still volatility ahead.
Show full opinionHide full opinionLikes the way it's positioned to take advantage of opportunities in the future. Has transitioned to focus on the major markets. It's a trading stock. Question marks on the horizon. Not a buy today. Still volatility ahead.
property mngmnt/investment
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