Rating Card

premium

Unlock Expert's Rating and Top Picks Portfolio

Curated by Michael O'Reilly since 2020
1550+ opinions with 4.81 rating (one of the best performing expert)

Latest Top Picks

Stock Opinions by Andrew Moffs

COMMENT

Central banks globally are threading the needle of satisfying markets, yet managing inflation. That remains elevated, but inflation is showing signs of declining. The Canadian economy benefits from rapid immigration which creates demand for the market for real estate as there is limited supply.

Unknown

Unlock the latest expert's opinion. Its free

Create a FREE account to see the latest opinions & get alerts about when to buy, sell or hold stocks

Unlock the latest opinion & get signals
BUY
85% of this is industrial, the rest in office. A good company. They focus on secondary markets like London, ON, which is good. It's growing well. It's hitting a pocket now, but upside lies ahead.
REAL ESTATE
DON'T BUY
They own U.S. hotels, a high-risk, high-reward stock. He's bearish on hotels, which is struggling with labour costs and keeping labour. HOT.UN has done a good job restoring vacancies, in the low-70s, though their peak was in the 80s. However, they've made up the balance on their hotel rates. Their balance sheet is slightly higher, so he would avoid. There are better hotel names.
investment companies / funds
BUY
A great company with a bulletproof balance sheet. Most financing is done through preferred equities. The self-storage business is resistant to a recession.
Financial Services
HOLD
Thinks highly of management. A great play on the GTA which boasts the highest rent growth. That said, they operate in rent-controlled markets, though. They see a nice increase in rents during renewals. They struggle, but are managing to manage costs. Upside is better than downside, so a solid hold. Solid assets.
investment companies / funds
WEAK BUY
They're concentrated in Ottawa, Toronto, then Montreal, Edmonton and Calgary. Their apartments are skewed to the higher end in cities which saw an exodus during Covid. They've suffered occupancy losses during Covid, but that has bottomed. In the past quarter though, occupanies are up 3.5% YOY, though Montreal has been difficult to operate in (more of a foreign student market). Overall, there's more upside than down here.
REAL ESTATE
DON'T BUY
He's bearish on office REITs, given work-from-home. SOT operates in secondary markets, which can be a good business, but is capital intensive. SOT is doing a fine job, but offices face double-digit vacancies. Money needs to be spend on improving spaces, less to shareholders.
REAL ESTATE
BUY
They control Loblaw, which anchors a strong portfolio. Is stable. Hold many industrial warehouses. Solid managers running a solid balance sheet. Pays over a 5% dividend. Shares now are not a bargain, but a solid investment.
REAL ESTATE
PARTIAL BUY
Focused on Amsterdam and Holland where there's a supply-demand mismatch. It trades at a big discount to NAV and we'll see in coming months if that gag closes. Really likes it.
0
PAST TOP PICK
(A Top Pick Nov 29/21, Down 8%) A year ago, interest rates were 2% lower. BEI hit a high last March. All things considered, this has done well. This is the play on multi-family REITs, focussed on Alberta. We're now seeing pricing power in Alberta given population growth. Trades at a double-digit discount to NAV. He sees nice cash-flow growth in 2023.
property mngmnt / investment
PAST TOP PICK
(A Top Pick Nov 29/21, Up 2%) He sold at a peak to recycle capital.
0
PAST TOP PICK
(A Top Pick Nov 29/21, Down 26%) Sold at peak, then rebought at the sell-off. Has a great portfolion in Toronto, Montreal and Vancouver. Great growth ahead.
property mngmnt / investment
COMMENT
A Canadian real estate fund has just halted payments Starlight had been growing a mismatch
Unknown
HOLD
It has done well this year, trading between $12-16, now in the upper end. They were a spun-out of H&R REIT and came out with a clean balance sheet. They've prudently bought back shares. They keep meeting their benchmarks each quarter. It's appropriately valued. Do you want to own malls long-term? You think stores will continue to grow? If so, this is a good REIT. Many of their assets have an alternative use long-term. A solid hold and a trade.
property mngmnt / investment
TOP PICK
They own the finest portfolio of grocery-anchored shopping centres in the world, 22 million sq.ft + 24 million sq.ft in the future, located in thriving neighbourhoods of density and income growth. It used to trade at a premium to NAV, but at a discount int he past 5 years, during which it was one of the worst-performing stocks Holds a great portfolio, though struggles that they trade at a discount to NAV. Not surprised that an activist investor has come aboard. Good growth ahead. (Analysts’ price target is $18.71)
property mngmnt / investment
Showing 1 to 15 of 366 entries