Whiterock Real Estate Investment Trust T.WRK.DB.K

slow recovery against down market Re 200DMA etc

[canadafan]

Re your point about moving averages etc.
again "half full or half empty"
Rember I held RioCan for close 16 years , though all kinds of ups and down including the tec boom/bust of the 1999/2001 era.
Your sentiment ( and is your to have), is the exact reason WRK is underpriced right now.
Have to look at why would you buy or sell a investment at any given time.
A year ago, WRK was trading around $8.40 ( around 20% yeild) and the analysts were saying stay away the yeild is too high.
Now the price has come up and the distribution is still the same ( it has not changed in years), but the yield is 12%.
Analysts are now saying "buy" with a targt of $16.50
So: assuming yoo were looking to "invest" , that is for an extended period of time. Right now , you can get 12% from WRK. The price will go up and down over the next few years...but you will still continue to pull in 12% on your original investment, on a monthly basis.
The unit price sometimes gets out of line with the underlying business. When it trades lower than it should be that is the time to buy.
When it trades higher than it should be is the time to sell.
So: to get to "what should it be trading at" you need to look at the underyling business. In this case they own buildings and collect rent. They have made great strides over the past 6 months to add to the protfolios ability to do that.
And in comparison to the peers are trading to a discount to the industry average.
It is sometimes hard to go against the grain, but that is where the biggest gains are.
WRK is not down becaue of its business, it is down because of the overall market. My time line is more than 6 yrs on this and I will have all of my invested capital back by then and will not care what the units are trading at.
Alternatly if someone is looking at wrk as a "trading play", not the palce to be. REITS are by design a longer term investment.

And BTW I did say that once the market accepts WRKs distribution as safe ie AFFO is announced as = to distributions , then the unit price will move up to be in-line with the peer group.
Why do you think WRK trades so little volume?
Those who understand it are not selling. Those who do not understand it are affraid of the high yeild.
A totally basackwards logic
I have held and bough much more over the past 3-4 years.