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

What is the probability

[phrenk]

What do you guys believe the probability of WRK being bought out by another public REIT in the  next 12 months ? Seems like they have things down operationally, great balance sheet, lease maturity and debt expiration schedule, and that their portfolio (80% office) could be a perfect fit for some of the bigger REITs outhere, such as Artis which is mostly in Western Canada and lacking Ontario / QC exposure.

I know Jason was shopping the REIT back in 2007-2008, and it makes me wonder if they are getting calls regarding this.

[themangokid]

i gotta ask, how do you know whiterock was being shopped around?I peg the probability at pretty low as there haven't been too many reit takeovers during the past few years.  + in this environment, if wrk continues improving its numbers across the board I dont think management would welcome a bid until they have a chance to grow into a much larger reit.  I think the company is looking

[canadafan]

The statement was "they were shopping the reit back in 2007/08That was a factual statement.They were then very small market cap with some prime properties and as today, way undervalued at the unit price level.They came to market too late and missed the spike pre-2008.leading into 2008 crashm, that idea never came to frutation.A decsion was made then to stay the course, grow the reit to

[themangokid]

cmq.un has an offer on the table.  caught me by surprise.  I guess the probability is greater than I thought.

[canadafan]

Recently a take over offer came out for CMQ.un .. totally out of the blue.Interestingly the price brings the unit value down to around 6%.A similar offer for WRK ( 6% cap) would equate to a price of $18.70!A 7% cap which is what comier is traiding at would be $16.So you can see the potential.Now I am not expecting or even hoping for this to happen. As hard it is to believe, even a 23% increase to