Carney headed to Washington on Tuesday. Think the outcome can be good for Canadians, especially industrial REITs which have suffered with the tariff narrative. I added more $NXR.UN as the last thing holding it back are the automotive threats. Lots of running room if they make a deal.
Canadians elected a new government to stand up for Canada and build a strong economy.
As Prime Minister, I’ve heard that message loud and clear. Today, I’ve shared my plan to set out on a new path for Canada — and act with focus and determination.
As Prime Minister, I’ve heard that message loud and clear. Today, I’ve shared my plan to set out on a new path for Canada — and act with focus and determination.
May 5, 2025 at 12:45 AM
Carney headed to Washington on Tuesday. Think the outcome can be good for Canadians, especially industrial REITs which have suffered with the tariff narrative. I added more $NXR.UN as the last thing holding it back are the automotive threats. Lots of running room if they make a deal.
My biggest worry of that name are there four largest properties in Montreal. They need to move cap rates by probably 200 basis points or move which would leave very little equity value. Don't see good risk-reward there at all personally. Think they cut the dividend and likely take a 20-30% haircut.
March 19, 2025 at 5:14 PM
My biggest worry of that name are there four largest properties in Montreal. They need to move cap rates by probably 200 basis points or move which would leave very little equity value. Don't see good risk-reward there at all personally. Think they cut the dividend and likely take a 20-30% haircut.
$TNT.UN restores dividend at a very low payout ratio. They had been using capital to reduce debt and make a significant dent in unit buyback with NCIB. CEO Drimmer hadded millions worth. Total occupancy ~93% or ~87% including assets for sale. Location matters more then quality in my opinion.
March 19, 2025 at 7:58 AM
$TNT.UN restores dividend at a very low payout ratio. They had been using capital to reduce debt and make a significant dent in unit buyback with NCIB. CEO Drimmer hadded millions worth. Total occupancy ~93% or ~87% including assets for sale. Location matters more then quality in my opinion.
4 people cooked alive in Toronto Tesla incident:
www.anews.com.tr/world/2024/1...
Quebec man lucky to be alive after Tesla randomly catches on fire while at intersection:
www.apa.ca/en/quebec-ma...
$TSLA #TeslaTakeDown !
www.anews.com.tr/world/2024/1...
Quebec man lucky to be alive after Tesla randomly catches on fire while at intersection:
www.apa.ca/en/quebec-ma...
$TSLA #TeslaTakeDown !
4 people burned to death as Tesla locks doors during crash
In Toronto, Canada, a Tesla vehicle automatically locked its doors during a traffic accident. A fire that broke out in the vehicle resulted in the deaths of 4 people, while 1 person was rescued when a...
www.anews.com.tr
March 13, 2025 at 9:02 AM
4 people cooked alive in Toronto Tesla incident:
www.anews.com.tr/world/2024/1...
Quebec man lucky to be alive after Tesla randomly catches on fire while at intersection:
www.apa.ca/en/quebec-ma...
$TSLA #TeslaTakeDown !
www.anews.com.tr/world/2024/1...
Quebec man lucky to be alive after Tesla randomly catches on fire while at intersection:
www.apa.ca/en/quebec-ma...
$TSLA #TeslaTakeDown !
$NXR.UN latest update from Raymond James
March 12, 2025 at 11:58 PM
$NXR.UN latest update from Raymond James
$NXR.UN latest update from Scotia Bank. They think the distribution is sustainable for the time being.
March 12, 2025 at 11:57 PM
$NXR.UN latest update from Scotia Bank. They think the distribution is sustainable for the time being.
$WCP.TO / $VRN.TO deal, a nice little gem between friends in the Canadian E&P space. Two heavily promoted sellside companies merge. Putting the very miserable former Crescent Point operators out of business but Whitecap still inherits 4 of their zero alignment directors. Divy yield now 8% @ WCP. lol
March 10, 2025 at 4:58 PM
$WCP.TO / $VRN.TO deal, a nice little gem between friends in the Canadian E&P space. Two heavily promoted sellside companies merge. Putting the very miserable former Crescent Point operators out of business but Whitecap still inherits 4 of their zero alignment directors. Divy yield now 8% @ WCP. lol
Oil permabulls seriously underestimated the advancements in drilling and completion technologies.
March 10, 2025 at 3:48 PM
Oil permabulls seriously underestimated the advancements in drilling and completion technologies.
$NXR.UN Nexus Industrial #REIT results looked good to me and exceeded my own views on guidance. Already a new tenant likely for the London area bankruptcy of Peaveymart which is paying below market rent. Organic growth coming online. NOI & NAV growth. Credit grade rating possible in 2025 per the CC.
March 10, 2025 at 3:21 PM
$NXR.UN Nexus Industrial #REIT results looked good to me and exceeded my own views on guidance. Already a new tenant likely for the London area bankruptcy of Peaveymart which is paying below market rent. Organic growth coming online. NOI & NAV growth. Credit grade rating possible in 2025 per the CC.
Looks like Twitter down. Is Musk trying to stop the bleed in $TSLA? lol.
#TeslaTakeDown #TwitterTakedown
#TeslaTakeDown #TwitterTakedown
March 10, 2025 at 1:56 PM
Looks like Twitter down. Is Musk trying to stop the bleed in $TSLA? lol.
#TeslaTakeDown #TwitterTakedown
#TeslaTakeDown #TwitterTakedown
Added $CVE the other day after the second big sell-off for $17ish. Agree it is a good time to add. Had 0 exposure other then a very old Strathcona position in spouse account. Now I'm up to 6%. Will consider upping my exposure if I see a big demand spike globally or US shale starts to roll over.
March 6, 2025 at 9:30 AM
Added $CVE the other day after the second big sell-off for $17ish. Agree it is a good time to add. Had 0 exposure other then a very old Strathcona position in spouse account. Now I'm up to 6%. Will consider upping my exposure if I see a big demand spike globally or US shale starts to roll over.
Doubt anybody on Bluesky is following $NRR.UN but it's a very large holding right now and likely remains l/t. Quarter looks solid to me. Western Canadian growth continues. SPNOI up meaningfully between quarters. Occupancy bullet proof. Selling their worst and oldest properties at/above IFRS values.
March 6, 2025 at 9:25 AM
Doubt anybody on Bluesky is following $NRR.UN but it's a very large holding right now and likely remains l/t. Quarter looks solid to me. Western Canadian growth continues. SPNOI up meaningfully between quarters. Occupancy bullet proof. Selling their worst and oldest properties at/above IFRS values.
Raymond James note on $HOM.U sale from this morning.
March 1, 2025 at 2:14 AM
Raymond James note on $HOM.U sale from this morning.
Artis still looks good to me. Impossible to know what's happening behind scenes. Was worried they'd start buying D.Un again even tho I'm bullish on it. Think others may see it as a negative. Resi REITs got hit since Q4 which opened an unusual window to buy them. Will likely re-enter at some point.
March 1, 2025 at 12:59 AM
Artis still looks good to me. Impossible to know what's happening behind scenes. Was worried they'd start buying D.Un again even tho I'm bullish on it. Think others may see it as a negative. Resi REITs got hit since Q4 which opened an unusual window to buy them. Will likely re-enter at some point.
As noted several days ago by me via the trading logs, Artis is back buying Dream Office. Manji also canceled 560,000 $AX.Un units today. I'm out of Artis for now as I moved my money into Northview and Dream Residential over the past month. One of the most shorted names on the TSX.
March 1, 2025 at 12:50 AM
As noted several days ago by me via the trading logs, Artis is back buying Dream Office. Manji also canceled 560,000 $AX.Un units today. I'm out of Artis for now as I moved my money into Northview and Dream Residential over the past month. One of the most shorted names on the TSX.
We'll take it for the real estate bros. Lower longer-term bond yields will be help. USTs seem to have been having a profound impact on Canadian bond yields as we would move off hot US inflation data which wasn't fun. Jig could be up now. I like it as a real estate investor and have been waiting for
Trade data from this morning has driven a huge drop in the Atlanta Fed GDPNow real-time tracker for Q1 GDP. Today's data took it from 2.321% to -1.477%. What's going on? Let's do a little thread explaining.
February 28, 2025 at 6:05 PM
We'll take it for the real estate bros. Lower longer-term bond yields will be help. USTs seem to have been having a profound impact on Canadian bond yields as we would move off hot US inflation data which wasn't fun. Jig could be up now. I like it as a real estate investor and have been waiting for
Just in regards to Dream residential, the discount is so wide that if they sell at a discount to Nav it matters very little to me. On the last call they also said 31% of their pf was audited. The cap rates expanded 5 basis points...
February 27, 2025 at 11:12 PM
Just in regards to Dream residential, the discount is so wide that if they sell at a discount to Nav it matters very little to me. On the last call they also said 31% of their pf was audited. The cap rates expanded 5 basis points...
Thanks. I noticed indeed after cap rate were adjusted but in regards to Dream residential, the NAV is $13.39 and Brian Pauls said on the latest CC he is confident in it. I don't care if they sell at $11. My average is low $7s. I think resi is easier to sell then office, so NAV has more use.
February 27, 2025 at 9:51 PM
Thanks. I noticed indeed after cap rate were adjusted but in regards to Dream residential, the NAV is $13.39 and Brian Pauls said on the latest CC he is confident in it. I don't care if they sell at $11. My average is low $7s. I think resi is easier to sell then office, so NAV has more use.
You think there is a read thru for $DRR.U which also has Dallas properties? They said they sold at IFRS values.
February 27, 2025 at 5:59 PM
You think there is a read thru for $DRR.U which also has Dallas properties? They said they sold at IFRS values.
$DRM.TO, found this comment on Regina very bullish. It's where Dream has the most residential land acres. They say they are most bullish on Regina and they have one of the only major developments in the city.
February 27, 2025 at 4:27 AM
$DRM.TO, found this comment on Regina very bullish. It's where Dream has the most residential land acres. They say they are most bullish on Regina and they have one of the only major developments in the city.
$DRR.U / $DRR.UN, around 50% discount to NAV into a strategic review process and the wizards at Scotiabank only have a sector perform rating on it while comparing it to $ERE.UN. They were neutral on ERE.UN as well until after they announced asset sales. Not sure how ppl make $ listening to analysts.
February 26, 2025 at 12:56 AM
$DRR.U / $DRR.UN, around 50% discount to NAV into a strategic review process and the wizards at Scotiabank only have a sector perform rating on it while comparing it to $ERE.UN. They were neutral on ERE.UN as well until after they announced asset sales. Not sure how ppl make $ listening to analysts.
Big BMO buyer is back at Dream Office today. Is Artis-Manji back in business? Good for me as I loaded up bigtime in the past month. Last run with Artis bidding it up allowed me to recover my losses and sell at a gain (with Jane Gavan) before buying back in @konekoresearch.bsky.social
February 25, 2025 at 7:47 PM
Big BMO buyer is back at Dream Office today. Is Artis-Manji back in business? Good for me as I loaded up bigtime in the past month. Last run with Artis bidding it up allowed me to recover my losses and sell at a gain (with Jane Gavan) before buying back in @konekoresearch.bsky.social
$D.UN $DRM.TO latest update after the call. "CLOUDS ARE BEGINNING TO CLEAR."
February 25, 2025 at 3:33 PM
$D.UN $DRM.TO latest update after the call. "CLOUDS ARE BEGINNING TO CLEAR."
$D.UN office call struck me as modestly bullish: Kansas office has unsolicited buy offers, sharp uptick in d/t touring rates, leasing up 74 Victoria faster then expected after gov't vacancy, sounded optimistic on transaction liquidity uptick, no more builds. Just a waiting game now as mkt tightens.
$D.UN results from TD Bank. I found the report positive as the 74 Victoria vacancy, which was known last year, already is seeing up to 104k sq ft of renewals. Also refinanced the 2025 maturities on 'attractive terms' and the Calgary res news is very interesting. I had it $0'ed out for my calculation
February 25, 2025 at 2:17 PM
$D.UN office call struck me as modestly bullish: Kansas office has unsolicited buy offers, sharp uptick in d/t touring rates, leasing up 74 Victoria faster then expected after gov't vacancy, sounded optimistic on transaction liquidity uptick, no more builds. Just a waiting game now as mkt tightens.
By numbers, activity levels are "low" in the US shale industry right now which is why bulls are scratching their heads wondering why production isn't falling. Nice slide below from RJ/Rystad OFS report showing why that is - rising HPP per frac fleet & increased rig efficiency: more with less. #OOTT
February 23, 2025 at 9:33 PM
By numbers, activity levels are "low" in the US shale industry right now which is why bulls are scratching their heads wondering why production isn't falling. Nice slide below from RJ/Rystad OFS report showing why that is - rising HPP per frac fleet & increased rig efficiency: more with less. #OOTT