Latest Expert Opinions

Signal
Opinion
Expert
COMMENT
COMMENT
September 11, 2015

He is very encouraged by the story he is hearing. There are 2 factors you have to be aware of. This is 25% of the REIT benchmark, and is the barometer of the sector. Also, there has been a bit of a fear in the retail market in Canada in general. Retail sales are going down, which will weigh on the stock. However, this is a fantastic management team with amazing properties with extra development opportunities. If you are looking at the long-term, you buy this on these dips.

He is very encouraged by the story he is hearing. There are 2 factors you have to be aware of. This is 25% of the REIT benchmark, and is the barometer of the sector. Also, there has been a bit of a fear in the retail market in Canada in general. Retail sales are going down, which will weigh on the stock. However, this is a fantastic management team with amazing properties with extra development opportunities. If you are looking at the long-term, you buy this on these dips.

Derek Warren
Asst Vice President, Lincluden Investment Mgmnt
Price
$23.990
Owned
Unknown
COMMENT
COMMENT
September 11, 2015

Has gone through a rebranding and cut their dividend dramatically. It was an old, old structure with a high payout in tertiary markets which created a lot of weight on it. Management cut their dividend back to a responsible level. They have some very interesting development projects. Although it is a very small REIT, they have 15% of their balance sheet under development right now. While that is a risk, it is perhaps an opportunity in tertiary markets. This could have an accelerated outcome should the economy start to improve.

OneREIT (ONR.UN-T)
September 11, 2015

Has gone through a rebranding and cut their dividend dramatically. It was an old, old structure with a high payout in tertiary markets which created a lot of weight on it. Management cut their dividend back to a responsible level. They have some very interesting development projects. Although it is a very small REIT, they have 15% of their balance sheet under development right now. While that is a risk, it is perhaps an opportunity in tertiary markets. This could have an accelerated outcome should the economy start to improve.

Derek Warren
Asst Vice President, Lincluden Investment Mgmnt
Price
$3.030
Owned
No
TOP PICK
TOP PICK
September 11, 2015

Thinks this has further upside. There is the possibility of a takeover, as there is so much demand from Canadian and American institutions for this sector. Because of that, you could see significant upside. If it doesn’t, this is still an excellent company. The challenge is that there is a real estate component and an operating component. The company has always been looked at from a real estate value of about $12 a share, but that operating business is worth something, especially when you are the only remaining public operator and you have an excellent reputation. Should be a core holding of every portfolio. Yield of 4.43%.

Thinks this has further upside. There is the possibility of a takeover, as there is so much demand from Canadian and American institutions for this sector. Because of that, you could see significant upside. If it doesn’t, this is still an excellent company. The challenge is that there is a real estate component and an operating component. The company has always been looked at from a real estate value of about $12 a share, but that operating business is worth something, especially when you are the only remaining public operator and you have an excellent reputation. Should be a core holding of every portfolio. Yield of 4.43%.

Derek Warren
Asst Vice President, Lincluden Investment Mgmnt
Price
$12.430
Owned
Yes
TOP PICK
TOP PICK
September 11, 2015

This is a small-cap REIT, not a large company. They develop grocery anchored centres in the Maritimes. Also, have some other portfolios in Québec and a little bit in BC. Have raised their dividend every year for 17 years. Management owns a ton of stock. Yield of 5.94%.

Plaza Retail REIT (PLZ.UN-T)
September 11, 2015

This is a small-cap REIT, not a large company. They develop grocery anchored centres in the Maritimes. Also, have some other portfolios in Québec and a little bit in BC. Have raised their dividend every year for 17 years. Management owns a ton of stock. Yield of 5.94%.

Derek Warren
Asst Vice President, Lincluden Investment Mgmnt
Price
$4.210
Owned
Yes
TOP PICK
TOP PICK
September 11, 2015

The hotel industry in Canada is doing quite well, and in the US it is on fire, and these are all American hotels They have long-term contracts with railway companies. Not sexy hotels, but they are steady income. Have also been expanding into limited service hotels. It’s a growth story and has been growing aggressively. A very attractive yield of 9.02%.

The hotel industry in Canada is doing quite well, and in the US it is on fire, and these are all American hotels They have long-term contracts with railway companies. Not sexy hotels, but they are steady income. Have also been expanding into limited service hotels. It’s a growth story and has been growing aggressively. A very attractive yield of 9.02%.

Derek Warren
Asst Vice President, Lincluden Investment Mgmnt
Price
$9.980
Owned
Yes