Colony Credit: Satisfactory Progress & Bargain Valuation

The company remains under-owned and undervalued (31% discount to BVPS compared to average premium of 8% for large cap peers) Earnings expected to cover dividend rate by 2H19 Portfolio return currently below peers due to lower yielding non core assets (real estate and Private equity) and low leverage Colony Credit Real Estate (CLNC) 3Q results … Continue reading Colony Credit: Satisfactory Progress & Bargain Valuation

Artis REIT: Trashed Stock With Bargain Price & Strategy That Will Build Value

Artis REIT's recent unit price (around C$9.15) is a 39% discount to IFRS Net Asset Value of $15.11/share. Artis trades at 9X 2018 AFFO, well below the 16X average for Canadian REITs and 19X average for US REITs. Artis' new strategic plan has similarities to the path followed by Dream Office which provided a total … Continue reading Artis REIT: Trashed Stock With Bargain Price & Strategy That Will Build Value