Rss Top Picks FeedRss Daily Feed| Click Here to receive daily reports of the TOP PICKS OR your personal stock choices | STOCKCHASEWhat the experts are saying! |
| There are 1 registered members and 26 guests viewing the site. | Follow us on Twitter | Tweet | Rss Top Picks Feed | Rss Daily Feed |
StockResearchPortal.com |
|
| BUY | 12.440 | Paul Gardner, CFA | Distribution is 115% but is dropping down each quarter. Well managed and has excellent properties and are well funded. Acquiring and growing. 8.8% yield. | 2010-09-01 | |
| BUY | 11.990 | Steven Conville | Good yield of 9.1%. There is also the potential for big upside in the event of a takeover or acquisitions of more properties. Could see $15-$17. | 2010-08-13 | |
| BUY | 11.820 | Charles Dillingham | Had been knocked down because of too much Calgary exposure. Have diversified into mixed products of industrial and office. Have to bring their payout ratio down to 90% or lower. 9.2% yield. | 2010-08-03 | |
| Comment | 11.680 | Jeffrey F. Olin | Strong management team. Western Canadian-based commercial. Diversified. High growth. Attractive yield and relatively attractive valuation because of their exposure to the Calgary office market, which is a soft spot in real estate. | 2010-07-28 | |
| BUY | 11.710 | Paul Gardner, CFA | Basically a Western play and own retail, commercial and industrial. Very good at what they do. Biggest problem with their distribution was a little too high but are starting to grow into it. Attractive yield a 9.2%. | 2010-07-26 | |
| BUY on WEAKNESS | 11.380 | Dennis Mitchell, CFA | Good quality name. Recently made a very accretive acquisition in Minnesota. Try to buy at around $10.50. | 2010-07-15 | |
| WEAK BUY | 11.040 | Charles Dillingham | Has been changing and growing and covered with issues. They are trying to expand and diminish the effect of their Calgary exposure. Payout ratio is still a bit above what they are earning. Payout is 10%. Thinks there is danger. But he things they will work things out and are a good long term hold. | 2010-06-18 | |
| BUY | 11.300 | Paul Harris, CFA | Great company, well run and good management. REITs will not have a change in their tax structure. 9.4% yield. | 2010-05-19 | |
| BUY | 11.550 | Charles Dillingham | Probably a good long-term hold. Alberta-based but are spreading across the country. Payout ratio of 82%. Acquiring properties in Manitoba. Very safe and a good source for high yield. | 2010-05-17 | |
| BUY | 11.500 | Michael Simpson, CFA | Western Canadian focused. One of the knocks was that they had too much exposure to Calgary office space but has done a great job diversifying. Payout ratio of 82% and is coming down. | 2010-05-13 | |
| BUY | 11.600 | Dennis Mitchell, CFA | Probably over distributing slightly at about 110%. They'll come on side late this year or early next year. Feels the distribution is safe. 9.3% distribution. | 2010-04-28 | |
| WEAK BUY | 11.670 | Barry Schwarrtz | REITs are going to have a good place in investors’ portfolios. A lot of them have very nice yields but they are going to react to higher interest rates. Be cautious. | 2010-04-20 | |
| PARTIAL BUY | 11.570 | Charles Dillingham | Been challenged in a lot of ways. Made a lot of good moves and keep on surprising their detractors. 9.35% yield. Payout ratio and debt are too high. Large exposure to Calgary, which is still a question mark. Not likely to have to cut distributions. | 2010-04-15 | |
| BUY | 11.780 | Charles Dillingham | One of the best performing REITs. Western-based. Have a lot of small deals. Too much debt and too high a payout ratio but are getting a lot of followers. Very credible group. | 2010-03-19 | |
| TOP PICK | 11.450 | Dennis Mitchell, CFA | Office, industrial and retail properties in Western Canada. Just reported with good results. Expect Q2 and Q3 will be good. | 2010-03-17 | |
| PARTIAL SELL | 11.310 | Michael Decter | Have done a good job of building value. Not a top pick in his REIT list. Consider gradually selling out. | 2010-03-08 | |
| HOLD | 11.500 | Paul Gardner, CFA | Mix of office, industrial and retail. Market overreacted over the last year or two. Own it in a mutual fund he manages. Just took a little profit on it. Thinks they will deliver in the end. They are still going to grow. | 2010-02-24 | |
| HOLD | 11.350 | Michael Decter | Had a good rebound. Would be a little nervous about buying at these levels but would continue to hold. | 2010-01-25 | |
| PAST TOP PICK | 11.710 | Dennis Mitchell, CFA | (Top Pick Feb 12/09, Up 102%) Had tremendous exposure to Calgary so it sold off dramatically before he recommended it. They have done a good in that their offices are not so downtown, single tenant and now they are selling assets at gains and redeploying. Great job of managing balance sheet. | 2010-01-19 | |
|
| |||||
| BUY | 11.250 | Paul Gardner, CFA | Just did a new issue so they are beefing up their acquisition and balance sheet. Well diversified in office, commercial and retail in the West. Concentrating on lowering their Alberta exposure. Excellent management. | 2010-01-08 | |
| TOP PICK | 11.100 | Robert Lauzon | Western Canadian-based real estate company owning commercial/office/retail space primarily in Calgary. A bit of a trough right now so this is a good time to enter. 9.5% yield. | 2010-01-06 | |
| BUY | 9.840 | Paul Gardner, CFA | They like the company. They just started buying it. They recently got their balance sheet in order. They diversified into Winnipeg out of Calgary. He thinks that with a yield of 10.9%, over the next 6-9 months they will probably creep up. They can sustain their distribution and they are good operators. They are not as susceptible to the hot oil economy as one might think. | 2009-11-24 | |
| BUY | 9.050 | Paul Gardner, CFA | Commercial and industrial real estate in Alberta. Did a convertible debenture so they have funding in place. Not too expensive. Thinks the small-cap space in the rates is poised to outperform. | 2009-10-06 | |
| BUY | 9.140 | Prakash Hariharan | Likes where it is trading right now, but would prefer the converts to the units. It’s a good risk return | 2009-09-29 | |
| SELL | 8.850 | Charles Dillingham | Focused in downtown Calgary so they have stuff in the suburbs and some industrial. Management continues to surprise people by finding problems and getting out of them. Probably okay to stay here but probably safer to go to another investment. | 2009-09-03 | |
| Comment | 8.440 | Charles Dillingham | Expecting huge vacancies in Calgary but are also spread among other western provinces. Also have industrial and suburban products. Surprised him by doing a good job in fixing problems. 12.8% yield. | 2009-08-10 | |
| PAST TOP PICK | 7.540 | Dennis Mitchell, CFA | (A Top Pick Aug 13/08. Down 43.74%.) Have done a tremendous job of building a high-quality portfolio and continue to recycle assets. Still a Buy. | 2009-07-20 | |
| SELL | 7.460 | Ben Cheng | (Market Call Minute.) A lot of exposure to the Calgary office space. | 2009-07-13 | |
| BUY | 8.000 | Ara Nalbandian | REIT that invests in properties in the Alberta area. This market has been suffering of late. Vacancy rates are going up. Attractively valued and he doesn't see any short-term risks of cuts in distributions. | 2009-07-03 | |
| HOLD | 8.090 | Charles Dillingham | Just did a debt issue. Heavily located in Calgary, which is a very vulnerable market. A lot of risk. Will probably survive. 13.3% yield. Good portfolio and management. | 2009-06-25 | |
| Comment | 8.350 | Charles Dillingham | This is a huge bet on Calgary. Over came a bunch of problems. Conservative. Have a couple of more things to do. Good management. | 2009-06-09 | |
| PAST TOP PICK | 8.490 | Dennis Mitchell, CFA | (A Top Pick June 12/08. Down 42.67%.) Overhang has to do with the Calgary offices where there is an overbuilt situation. There has been some slippage in occupancy. Have an opportunity for some acquisitions at good prices. | 2009-06-03 | |
| PAST TOP PICK | 6.290 | Dennis Mitchell, CFA | (A Top Pick March 24/08. Down 55%.) All Western Canada and huge exposure to class B offices in Calgary. Market is expecting the ceiling to fall in on that market. Generated 9% internal cash flow growth in Q3 and their free cash flow per unit has grown 33% with occupancy at 97%. Still a Hold. | 2009-03-17 | |
| PAST TOP PICK | 5.710 | Sandy McIntyre | (A Top Pick Feb 26/08. Down 59%.) Has under performed the REIT space because of fears of the Western economy. He likes Alberta and energy longer-term so is continuing to average in. | 2009-02-24 | |
| TOP PICK | 5.770 | Dennis Mitchell, CFA | Comparing Q3 of 08 with Q3 of 07, their cash flow per unit is up 33%, occupancy is pretty well flat at 97% and their payout ratio has declined significantly. Good management. | 2009-02-12 | |
| PAST TOP PICK | 6.550 | Sandy McIntyre | (A Top Pick Feb 28/08. Down 49.6%.) Real estate is deeply out of favour on concerns about refinancing. Actually had a 6% increase in operating income over the year. A levered play on Alberta so there is a negative view on housing. Wait for REITs to normalize. | 2009-01-22 | |
| SELL | 7.530 | Paul Gardner, CFA | (Market Call Minute.) Mostly in the West and are vulnerable to the slowdown. | 2009-01-13 | |
| DON'T BUY | 7.930 | Andrew Guy, CFA | This has always been one of his favourite income trusts on the REIT side. Very well managed. If you are concerned about a slowing economy in Western Canada, it is probably a little too early to buy. | 2008-11-19 | |
| PAST TOP PICK | 10.750 | Dennis Mitchell, CFA | (A Top Pick Dec 7/07. Down 34.2%.) Distribution is safe. Exposure to Calgary office where there is a lot of development. Have managed to re-lease all of their 2008 expiries and 30% of their 2009. Very cheap and a Strong Buy. | 2008-11-03 | |
|
| |||||
| BUY | 15.300 | Michael Simpson, CFA | Primarily in Western Canada and split between industrial, office and retail. Payout ratio is coming below 100%. Good exposure to economies where in place rents are below market-rents. Good management. | 2008-08-13 | |
| TOP PICK | 15.300 | Dennis Mitchell, CFA | (A Top Pick Aug 15/07. No change.) Had a distribution increase. Started to recycle some assets with tremendous gains. Excellent leasing velocity in terms of roll-ups. Expecting near-term volatility, so buy on weakness. Yielding over 8% on a free cash flow basis. Leasing for the next 7 quarters looks very strong. | 2008-08-13 | |
| TOP PICK | 16.660 | Dennis Mitchell, CFA | Tremendous leasing spread in the Calgary office market. 70% of their leasing has already been done. Tremendous free cash flow growth. If you Buy under $16, you can expect double-digit returns year over year. | 2008-06-12 | |
| PAST TOP PICK | 16.850 | Michael Simpson, CFA | (A Top Pick July 4/07. Up 2%.) Great exposure to Western Canada. Made several acquisitions in the last year. Good management. Some low rents are due for renewal. Still a Buy. | 2008-05-14 | |
| PAST TOP PICK | 15.030 | Dennis Mitchell, CFA | (Top pick, February 16, 2007. Down 11%) Has done nothing wrong. Excellent balance sheet. Trading at an 8.5% free cash flow yield. Undervalued. | 2008-03-24 | |
| TOP PICK | 13.350 | Dennis Mitchell, CFA | Was a past top pick, still likes it. Their results reported today were very strong. Very sustainable payout ratio, about 85%. Exposure to the western economy. $30 mil of cash on the balance sheet. A great name. | 2008-03-24 | |
| VAGUE | 14.000 | Doren Quinton | (Guest Comment) Product focus is commercial real estate, in western Canada. Earnings per share have increased. Have done good things with money. Debt to market value is close to 40%. No liquidity risks. | 2008-03-19 | |
| TOP PICK | 14.560 | Dennis Mitchell, CFA | Office/industrial and retail based in Western Canada. The idea is to own B assets in A markets and A assets in B markets. Tremendous internal growth with leasing spreads at 79%. Discount to NAV. Strong internal management. | 2008-02-29 | |
| TOP PICK | 14.560 | Sandy McIntyre | (A Top Pick Apr 13/07. Down 10% including distributions.) There has been concern about the Alberta economy, which has resulted in this stock selling off. GP and income growths in Alberta continue to lead the nation. Their ability to mark rents to market is well above their industry peers.t | 2008-02-26 | |
| BUY | 14.820 | Andrew Guy, CFA | A quality name. Think Canadian commercial real estate will continue to do very well. | 2008-02-06 | |
| TOP PICK | 12.720 | Michael Simpson, CFA | Western Canadian diversified REIT, office, industrial and retail. 25% of their portfolio has rents rolling over in offices. A lot of their rents are anywhere from 30% to 65% below market, so even if there is a slowdown in Alberta with rents dropping 15%, there is still a lot of upside. 2/3 of their operating income is out of Alberta. Trades at about 24% of its NAV. 8.1% yield. | 2008-01-22 | |
| PAST TOP PICK | 13.700 | Dennis Mitchell, CFA | (A Top Pick Feb 16/07. Down 16%.) Great quality name. Suffered from perception of a slowdown in Western Canada. Still significant internal growth through lease renewals. 7.8% distribution should be safe. Still a Buy. | 2008-01-14 | |
| Comment | 15.030 | Paul Gardner, CFA | Specialized in retail with most of their assets in Alberta and are right in the sweet spot in Alberta's economy. Because of the credit blow out, institutions generally migrate to large cap REITs and avoid small caps. | 2007-12-28 | |
| TOP PICK | 15.160 | Dennis Mitchell, CFA | Office, industrial and retail in Manitoba to B.C. More of a tactical call. Even if concerned about a slowdown in Western Canada, the portfolio in Calgary is almost fully occupied and rents are so far below market that even if rents rolled down 20%, you would still get significant internal cash flow growth. | 2007-12-07 | |
| BUY | 17.600 | Charles Dillingham | Stock price has held up very well. There is expectation that someone, including Dundee (D.UN-T) will take them over. Have a lot of Alberta properties. | 2007-09-14 | |
| PAST TOP PICK | 16.750 | Dennis Mitchell, CFA | (A Top Pick Nov 21/06. Up .08%.) They continue to deliver on the B assets in A locations in western Canada and A assets in B locations. 40% of their portfolio comes up for renewal in the next 3 years. A good entry point. | 2007-08-16 | |
| TOP PICK | 17.150 | Michael Simpson, CFA | 70% cash flow coming from western Canada. Excellent management team. Focus on class B buildings in secondary cities, but recently made an acquisition of a good building in Calgary. Looking for distribution increases over the next couple of years as many of their “in-place rents” are below current market and will be raised on renewals. | 2007-07-04 | |
| BUY | 16.650 | Dennis Mitchell, CFA | Enthusiastic supporter of Artis Reit. Focused on western Canada. 40% of their portfolio is up for maturity in the next 3 years and they are probably anywhere from 30 to 50% below market. Significant internal growth potential. In this pullback they are buyers. | 2007-06-29 | |
| HOLD | 17.100 | Charles Dillingham | Huge Alberta play with secondary quality product. Depends on the economy stained really strong. Recently made a series of acquisitions of higher-quality properties. | 2007-06-20 | |
| Comment | 17.410 | Charles Dillingham | Big in Alberta. A lot of relatively new properties with leases below spot market. Good optimism for them to jump yields if Alberta stays strong. Fairly good yield. | 2007-05-07 | |
|
| |||||
| TOP PICK | 17.300 | Dennis Mitchell, CFA | Have a really good portfolio put together. 40% is coming up for renewal in 2 years, of which 2/3 is in Calgary in particular. Is currently being leased significantly cheaper then the current rates in the market. | 2007-05-05 | |
| TOP PICK | 17.000 | Sandy McIntyre | Retail, industrial and office. 60% of properties are in Alberta. | 2007-04-13 | |
| PAST TOP PICK | 16.760 | Dennis Mitchell, CFA | (A Top Pick Nov 21/06. Up 10%.) (Formerly Westfield (WFD.UN-T).) Starting to really generate significant internal cash flow growth. Expecting significant upside. | 2007-04-03 | |
| BUY | 16.270 | Michael Simpson, CFA | About two thirds of their operating income comes from Alberta. There have been some big rent increases as rents roll over. Strong management. | 2007-03-20 | |
| BUY | 16.180 | Paul Gardner, CFA | Focused office and industrial in Alberta and had a good run last year. Has done a good job of initiating acquisitions. Wouldn't be surprised if it has a better year than what the sector dies. | 2007-03-19 | |
| TOP PICK | 15.950 | Dennis Mitchell, CFA | Commercial diversified in office, industrial and retail. Focused on markets west of Manitoba and up to the eastern edge of B. C. Strategy is to own primary assets in secondary markets or secondary assets in primary markets. Generated fantastic returns. Great management. | 2007-02-16 |
