Ewing Morris Investment Partners (EM) is working with First Capital (FCR) founder Dori Segal to push for Board changes at the REIT. FCR units have been weak and trade at a bargain valuation which appears to reflect broad market factors. EM has not yet made a compelling argument for new management or operating strategy. First … Continue reading Segal and Degel Fight for First Capital REIT
Canadian REITs underperformed the S&P TSX Composite in 2020 (-10% vs +6%)Canadian capital gains tax is assessed on a settlement date basis so December 29 was the last day to realize losses in 2020REITs with poor YTD returns and notable recent insider buying include Cominar, Riocan, First Capital, Allied Properties, Brookfield, and Artis Real estate … Continue reading Canny Insiders Buying Canadian REITs During Tax Loss Season
Unit price has fallen 51% since 2/28, much worse than peers Trading at a 60% discount to its IFRS Net Asset Value ($25.79) and 7.3 X 2020 AFFO (C$1.40) estimated prior to the impact of the coronavirus Diversified business model is unpopular with investors, but includes high quality assets that should sustain their value through … Continue reading H&R REIT: This Blue Chip Canadian REIT Has Never Been Cheaper
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