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Pure Industrial Real Estate Trust T.AAR.UN

"Pure Industrial Real Estate Trust is a real estate investment trust.. The Company acquires, owns and operates a diversified portfolio of income producing industrial properties in areas including British Columbia, Alberta, Ontario, USA and Other."


TSX:AAR.UN - Post by User

Comment by mjh9413on Jan 18, 2016 11:43pm
287 Views
Post# 24470884

RE:Canaccord report - Pure Industrial one of top picks for 2016

RE:Canaccord report - Pure Industrial one of top picks for 2016Yes, let`s hope it does complete its promise. With 17% of portfolio with long leases and rent incrementals in USA, and  with the Fedex Vaughan property due to be stabilised in May 2016 when revenues ensue (adding 6.9% to NOI), this has become somewhat of a sleeping beauty. I also like the coy`s additional reference in last qtr`s MD&A, in bold below:
`...the Vaughan development is expected to add significant value to unitholders upon stabilization, and management remains committed to a strategy of responsible debt reduction over time. Further, based on recent comparable market transactions and the outcome of third-party appraisals, management believes that there is considerable embedded value in the portfolio yet to be realized.`
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