Latest Expert Opinions

Signal
Opinion
Expert
BUY
BUY
September 24, 2013

Recently has moved into the US and likes their payout ratio on the US side. For example, they have moved into Arizona and Denver, which are very fine moves. He is a little more concerned about the Canadian side as it has a lot of tenant exposure. The move into the US will provide limited risks as well as new income sources going forward. 7.51% yield.

Recently has moved into the US and likes their payout ratio on the US side. For example, they have moved into Arizona and Denver, which are very fine moves. He is a little more concerned about the Canadian side as it has a lot of tenant exposure. The move into the US will provide limited risks as well as new income sources going forward. 7.51% yield.

Derek Warren
Asst Vice President, Lincluden Investment Mgmnt
Price
$14.390
Owned
Yes
COMMENT
COMMENT
September 24, 2013

A good, long-term hold. Nature of their leases is to have them longer than most, so some of their office buildings have 20 year leases. Payout ratio is quite low so that they can still do certain kinds of development or add-on projects. This is why the yield is low. Recently took over Primarus and he is a little more concerned on stocks that are in transition. 6.36% yield

A good, long-term hold. Nature of their leases is to have them longer than most, so some of their office buildings have 20 year leases. Payout ratio is quite low so that they can still do certain kinds of development or add-on projects. This is why the yield is low. Recently took over Primarus and he is a little more concerned on stocks that are in transition. 6.36% yield

Derek Warren
Asst Vice President, Lincluden Investment Mgmnt
Price
$21.090
Owned
Yes
COMMENT
COMMENT
September 24, 2013

They own senior care homes, but on a triple net lease structure. They don’t have the risk of operating the buildings. They just own the building and lease it to someone else who manages the operation. Mostly in the US, in the Chicago, Illinois area. Feels it is trading a little bit above NAV, but it gives you a very good yield. The 8.25% yield is very safe.

They own senior care homes, but on a triple net lease structure. They don’t have the risk of operating the buildings. They just own the building and lease it to someone else who manages the operation. Mostly in the US, in the Chicago, Illinois area. Feels it is trading a little bit above NAV, but it gives you a very good yield. The 8.25% yield is very safe.

Derek Warren
Asst Vice President, Lincluden Investment Mgmnt
Price
$10.310
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
September 24, 2013

(A Top Pick July 31/13. Down 1.74%.) An industrial company in the US. They buy in the 6 key core markets, the main port cities. They recognize that there is a strong economic up tide going on in those markets. Industrial markets give you one of the greatest exposures to the economy. Still likes.

Terreno Realty Corp (TRNO-N)
September 24, 2013

(A Top Pick July 31/13. Down 1.74%.) An industrial company in the US. They buy in the 6 key core markets, the main port cities. They recognize that there is a strong economic up tide going on in those markets. Industrial markets give you one of the greatest exposures to the economy. Still likes.

Derek Warren
Asst Vice President, Lincluden Investment Mgmnt
Price
$17.840
Owned
Yes
PAST TOP PICK
PAST TOP PICK
September 24, 2013

(A Top Pick July 31/13. Down 8.85%.) Great US apartment company that is diversified and increasing the in-development work, especially in the Texas area. Has been a little bit weak in the last while. Yield of around 3%-4% and growth at around 5% plus they are doing development that has a good return as well.

Camden Property Trust (CPT-N)
September 24, 2013

(A Top Pick July 31/13. Down 8.85%.) Great US apartment company that is diversified and increasing the in-development work, especially in the Texas area. Has been a little bit weak in the last while. Yield of around 3%-4% and growth at around 5% plus they are doing development that has a good return as well.

Derek Warren
Asst Vice President, Lincluden Investment Mgmnt
Price
$63.360
Owned
Yes
PAST TOP PICK
PAST TOP PICK
September 24, 2013

(A Top Pick July 31/13. Down 4.7%.) Good diverse company, based in Québec. Stock has been under pressure, which he thinks is partly because of concerns about Québec. Has liked this for a long time, but it has been disappointing. Last earnings were a little bit disappointing on their operation side. About 7% yield but not a lot of growth.

(A Top Pick July 31/13. Down 4.7%.) Good diverse company, based in Québec. Stock has been under pressure, which he thinks is partly because of concerns about Québec. Has liked this for a long time, but it has been disappointing. Last earnings were a little bit disappointing on their operation side. About 7% yield but not a lot of growth.

Derek Warren
Asst Vice President, Lincluden Investment Mgmnt
Price
$19.250
Owned
Yes
BUY
BUY
September 24, 2013

A big fan of this one. Great company and in a great sector. Gives exposure to the Canadian economy but also tends to do well when the US is doing well. Solid 7.3% yield. Good growth with possibilities of 2%-3% NOI.

A big fan of this one. Great company and in a great sector. Gives exposure to the Canadian economy but also tends to do well when the US is doing well. Solid 7.3% yield. Good growth with possibilities of 2%-3% NOI.

Derek Warren
Asst Vice President, Lincluden Investment Mgmnt
Price
$4.420
Owned
Yes