Today, Andrew Moffs commented about whether GRT.UN-T, ERE.UN-T, TCN-T, PLD-N, KMP.UN-T, FCR-T, SRU.UN-T, HR.UN-T, WIR.UN-T, AMH-N, HOM.UN-T, CHP.UN-T, CSH.UN-T, SIA-T, NVU.UN-T, CRR.UN-T, IIP.UN-T, MI.UN-T, DIR.UN-T are stocks to buy or sell.
It is in the right sector. We are in the earlier innings of a whole change in the supply chains. It has recovered off its lows and is a safe hold. Longer term this is a really good stock to own. The distribution is quite safe.
It trades at a discount. It focuses on key urban centers. It benefited from strong net immigration and this will pause short term. He believes immigration should continue going forward. Every time a tenant moves out they can move the rent higher.
SIA-T vs. CSH.UN-T. It was sad what the pandemic has done in the long term care sector. Sienna has had to make some difficult management changes. This is an important needs-based sector in Canada. In Ontario the government has to look how they can properly fund that business. With question marks on the horizon, he would focus on CSH.UN-T because it does not depend on government finding as much. They have done a phenomenal job during the pandemic.
SIA-T vs. CSH.UN-T. It was sad what the pandemic has done in the long term care sector. Sienna has had to make some difficult management changes. This is an important needs-based sector in Canada. In Ontario the government has to look how they can properly fund that business. With question marks on the horizon, he would focus on CSH.UN-T because it does not depend on government finding as much. They have done a phenomenal job during the pandemic.
It has L-T as their largest tenant. He thinks very highly of management. The stock is pretty well valued today. It is a very safe company.
It is safe in terms of distribution. They have exposure to Walmart, so in terms of cash flow it is safe, however they have zero growth. They have quite a bit of leasing to do. They have a good management team and some exciting developments. (Analysts’ price target is $20.75)