Latest Expert Opinions

Signal
Opinion
Expert
BUY
BUY
September 1, 2010
Only one in Canada exposed to the hotel market that is well run and diversified. Numbers haven't been great but they are survivors and he thinks they will maintain their distributions. 7.7% yield.
InnVest Reit (INN.UN-T)
September 1, 2010
Only one in Canada exposed to the hotel market that is well run and diversified. Numbers haven't been great but they are survivors and he thinks they will maintain their distributions. 7.7% yield.
Charles Dillingham
Vice President and Portfolio Manager, Morguard Financial
Price
$6.720
Owned
Yes
BUY
BUY
September 1, 2010
Low payout ratio and relatively conservative product mix. Good at managing properties. Doesn't expect much to happen with this. 8.8% yield.
CANMARC REIT (CMQ.UN-T)
September 1, 2010
Low payout ratio and relatively conservative product mix. Good at managing properties. Doesn't expect much to happen with this. 8.8% yield.
Charles Dillingham
Vice President and Portfolio Manager, Morguard Financial
Price
$10.910
Owned
Yes
COMMENT
COMMENT
September 1, 2010
Calloway (CWT.UN-T) versus RioCan (REI.UN-T)? RioCan is feeling very challenged as it can't find any growth in Canada so are expanding into the US. Calloway has always had more sites than they were using and have the Wal-Mart relationship allowing them to expand. For immediate growth and a better economy in Canada, Calloway has the advantage. Very close to being the same. Fully valued.
Smart REIT (SRU.UN-T)
September 1, 2010
Calloway (CWT.UN-T) versus RioCan (REI.UN-T)? RioCan is feeling very challenged as it can't find any growth in Canada so are expanding into the US. Calloway has always had more sites than they were using and have the Wal-Mart relationship allowing them to expand. For immediate growth and a better economy in Canada, Calloway has the advantage. Very close to being the same. Fully valued.
Charles Dillingham
Vice President and Portfolio Manager, Morguard Financial
Price
$23.000
Owned
Yes
TOP PICK
TOP PICK
September 1, 2010
Very good yield at 8.6%. About 100% payout ratio and it's highly likely they will be bringing this down. Very sharp management.
Dream Office REIT (D.UN-T)
September 1, 2010
Very good yield at 8.6%. About 100% payout ratio and it's highly likely they will be bringing this down. Very sharp management.
Charles Dillingham
Vice President and Portfolio Manager, Morguard Financial
Price
$25.520
Owned
Yes
TOP PICK
TOP PICK
September 1, 2010
Geographically diversified. Trading at a multiple of 16. 3.7% yield.
Geographically diversified. Trading at a multiple of 16. 3.7% yield.
Charles Dillingham
Vice President and Portfolio Manager, Morguard Financial
Price
$15.850
Owned
Yes
TOP PICK
TOP PICK
September 1, 2010
Apartments and gets all the benefits of CMHC financing. Starting to grow in Ontario. About 85% payout ratio and a sustainable 6.1% yield.
Apartments and gets all the benefits of CMHC financing. Starting to grow in Ontario. About 85% payout ratio and a sustainable 6.1% yield.
Charles Dillingham
Vice President and Portfolio Manager, Morguard Financial
Price
$9.240
Owned
Yes
PAST TOP PICK
PAST TOP PICK
September 1, 2010
(A Top Pick Sept 3/09. Up 32.07%.) Wonderful hands on management.
(A Top Pick Sept 3/09. Up 32.07%.) Wonderful hands on management.
Charles Dillingham
Vice President and Portfolio Manager, Morguard Financial
Price
$14.810
Owned
Yes