Latest Stock Buy or Sell? Make More Informed Decisions!
Today, Andrew Moffs commented about whether IIP.UN-T, PECO-Q, BEI.UN-T, INO.UN-T, WIR.UN-T, REI.UN-T, DLR-N, DRE-N, NWH.UN-T, DIR.UN-T, CAR.UN-T, TCN-T, HOM.UN-T, HR.UN-T, CUF.UN-T, MR.UN-T, SRU.UN-T, GRT.UN-T, SGR.UN-T, SVI-T are stocks to buy or sell.
- Page 1/5
- Next Page
COMMENT
Interest rates and real estate investing. Sentiment continues positive. We're seeing real inflation, translating into rent growth, which is the key part of the valuation equation for real estate. Very high new lease growth in US sunbelt apartments, single family homes, and industrial sector. Those who own properties and have taken the opportunity of low interest rates to get well capitalized are well positioned. They have dry powder to take advantage of an increased rent environment in those sectors that have pricing power.
DON'T BUY
Concentrated in Alberta. His reservation is that most assets are in retail and office, with only 5-6% industrial warehouse. These are two very tough sectors. Will take a long time to recover. Discount to NAV, but not many catalysts to close the gap. Instead, look at the apartment sector.
REAL ESTATE
COMMENT
REIT convertible debentures. For any new offering, always read the prospectus, the filings, and understand the fine print. Majority of the issues by Canadian REITs include a clause about "payment in kind". If bankruptcy, you would be paid back in shares, rather than having a seniority position for cash. He wouldn't typically invest in these, unless he's also willing to own the equity. In terms of bonds, there are better yield plays out there.
