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

TIP SHEET

[carswell]

TIP SHEET News from globeandmail.com Thursday, March 13, 2008 TIP SHEET David Berman The income trust sector has continued to pump up its distributions, even after Ottawa sounded the death knell on the sector in October, 2006. According to RBC Dominion Securities, the number of distribution increases has been far greater than the number of distribution cuts since that momentous day, when the trust universe seemed to be in deep trouble. In the case of business trusts, there have been 93 distribution increases and just 37 cuts - thanks to strong operating performances, good markets and, in some cases, sensible acquisitions. For infrastructure trusts, the numbers are 8 to 3, in favour of distribution increases. And for REITs, the numbers are 23 to 3. The statistics were grim in the oil and gas sector, though, where there were only six distribution increases and a mammoth 55 cuts - but that has less to do with Ottawa and more to do with volatile natural gas prices. Still, there are reasons for investors to remain cautious about income trusts going forward. RBC plotted the ratio of distribution increases to decreases over the past 10 quarters on a rolling 12-month basis, and the trend is noticeably downward. See David Berman's Market Blog on ReportonBusiness.com

[canadafan]

White Rock REIT, as you have said has been bought by institutions & insiders over the past few months.The Year end and Q 4 results will be out before the end of this month.I expect to see very good results from that. REITS are all sleeping right now. and wrk is snoring the loudest. having said all that, still one of the best values there is IMHO. based on yeild and operations. The unit

[Jimpossible]

FWIW The Nesbitt Trust Tracker predicts an AFFO payout ratio of 107.5 for 2008, for Whiterock. Not bad considering they predict 116.4 for Riocan. Another gem IMO is Btb.un, predicted by Nesbitt to have an AFFO payout ratio in 2008 of 94.9. IMO there is something cooking with that one, as there was extreme institutional buying a couple or three months ago. They're up over 77% ownership I