Latest Expert Opinions

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
December 5, 2018
This REIT has had a couple of challenging years. They have made some tough decisions, including cutting their dividend. Although he applauds their efforts, it is late in the cycle to be doing this. The yield is now 5.6% and it does not stand out at that level. Yield 5.6%.
This REIT has had a couple of challenging years. They have made some tough decisions, including cutting their dividend. Although he applauds their efforts, it is late in the cycle to be doing this. The yield is now 5.6% and it does not stand out at that level. Yield 5.6%.
Joshua Varghese
Portfolio manager, Signature Global Asset Management, CI Investments
Price
$9.690
Owned
No
HOLD
HOLD
December 5, 2018
This is a hidden gem although it has had its challenges a few years ago. The CEO took the big steps back then and they are well positioned today as a result. They are focused on Toronto, which has seen tremendous growth and getting big rents.
Dream Office REIT (D.UN-T)
December 5, 2018
This is a hidden gem although it has had its challenges a few years ago. The CEO took the big steps back then and they are well positioned today as a result. They are focused on Toronto, which has seen tremendous growth and getting big rents.
Joshua Varghese
Portfolio manager, Signature Global Asset Management, CI Investments
Price
$23.960
Owned
No
BUY
BUY
December 5, 2018
The story of retail is hurting many REITs including this one. He sees them having one of the better management teams, who is invested in this as well. They avoid dilutive equity raises. This is a fine entry point and you will be aligned with one of the best businesses. There is a lot of development opportunities.
The story of retail is hurting many REITs including this one. He sees them having one of the better management teams, who is invested in this as well. They avoid dilutive equity raises. This is a fine entry point and you will be aligned with one of the best businesses. There is a lot of development opportunities.
Joshua Varghese
Portfolio manager, Signature Global Asset Management, CI Investments
Price
$4.090
Owned
No
BUY
BUY
December 5, 2018
Industrial real estate has had a great run and will only continue going forward, he thinks. Amazon has increased the need for industrial distribution by all involved and this benefits them. As retailers need to optimize their supply chain, they can afford to pay more to the industrial landlord. He would like to see real cash-flow growth before he goes all in, but this is a good entry point.
Industrial real estate has had a great run and will only continue going forward, he thinks. Amazon has increased the need for industrial distribution by all involved and this benefits them. As retailers need to optimize their supply chain, they can afford to pay more to the industrial landlord. He would like to see real cash-flow growth before he goes all in, but this is a good entry point.
Joshua Varghese
Portfolio manager, Signature Global Asset Management, CI Investments
Price
$13.200
Owned
No
HOLD
HOLD
December 5, 2018
This is benefiting from the trend towards renting by the residential space. Canadians have not had good rental options provided by landlords offering real services to their tenants.
This is benefiting from the trend towards renting by the residential space. Canadians have not had good rental options provided by landlords offering real services to their tenants.
Joshua Varghese
Portfolio manager, Signature Global Asset Management, CI Investments
Price
$16.360
Owned
No
WATCH
WATCH
December 5, 2018
A unique space, owning storage facilities and collecting rents. This has one of the returns of the real estate sector. It is very capex light – it does not require many upgrades. The cash flow just continues to grow. The problem for them is that they are caught up in the surplus of storage in the US, which slows the rate of rental growth. A good long term investment, but would not jump in yet.
Public Storage (PSA-N)
December 5, 2018
A unique space, owning storage facilities and collecting rents. This has one of the returns of the real estate sector. It is very capex light – it does not require many upgrades. The cash flow just continues to grow. The problem for them is that they are caught up in the surplus of storage in the US, which slows the rate of rental growth. A good long term investment, but would not jump in yet.
Joshua Varghese
Portfolio manager, Signature Global Asset Management, CI Investments
Price
$0.000
Owned
No
BUY WEAKNESS
BUY WEAKNESS
December 5, 2018
A shortage of housing and a willingness to rent to added to their tailwinds. At these levels, he would wait for a better price.
A shortage of housing and a willingness to rent to added to their tailwinds. At these levels, he would wait for a better price.
Joshua Varghese
Portfolio manager, Signature Global Asset Management, CI Investments
Price
$46.400
Owned
No