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

white rock reit very stable

[canadafan]

white rock reit has been very stable since the stock split.
I suspect the market is waiting for further news, balanced by a few taking prpfits from the "extra" units.
IMHO the stabilization of the price is great news. Too high too fast is always set-up for a pull back.
last we heard was the Q3 converence call ( still avilble on line), where jason said to exepext new expansions in the $50 million range wihtin this quarter.
so I suspect we will get that annoucement soon, followed by a resonable ralley again.

[Jimpossible]

Right on schedule, Canadafan, the next deal *********************************************************************************************************8 News from CNW Group Whiterock Announces $45 Million Acquisition of Property in Montreal and Toronto 07:00 EST Wednesday, December 02, 2009 TORONTO, Dec. 2 /CNW/ - Whiterock Real Estate Investment Trust (TSX:WRK.UN

[Jimpossible]

I'm a bit confused however.************************************************************************************************"Whiterock's 40% equity investment in the office building and 20% equity investment in the distribution centre, net of debt, will total approximately $5.0 million including closing costs"************************************************************************

[canadafan]

Your question re percentages not matching up. The 2 recent properties are bought with partners.One of which is mentioned in the NR.WRKs position is 40% in one building and 20% in the other.The partners hold the rest.WRK will provide the management and rental services for the JV, this is one way they are able to generate the AFFO which is being reported.Rioan has done many similar deals with

[Jimpossible]

Thanks, Canadafan. From the limited info Wrk  gave us, their share seems rather highly levered, only 5 million cash to get into a 45 million deal.  Thanks again for helping to clarify this.Have a good weekend.... Cheers, Jim

[canadafan]

as many know I watch WRK.un like a hawk.has been very stable since the split.last week they announced a new expansion. That was partnerships with another investment company.Look like after the close of today, the "news" is starting to have an effect on the trading price.In perspective WRK is one of the highest yielding REITs there is. At close to 12% is way above the industry average of