Q: Could you please update your views on Americold. Do you think the recent price declines represent an opportunity? Thanks!
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Investment Q&A
Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.
Q: Would you have an opinion on this reit in the U.S. THANKS
Q: COLD is included in “RBC's Top 30 Global Ideas- Q1 2021” ( released 4 Jan 2021). I compared COLD to COR and COR struck me as a better investment. RBC rates COLD Outperform and COR as sector perform. I read through the usual blurbs and recent year financials as well as generally available projections. CFRA rates both as Hold (neutral). I looked through Thomson Reuters and I think COLD has higher ratings in general (I am not sure as it is difficult to tell when the TR reports on each were actually updated).
It is unlikely RBC Capital would have picked COLD as a global best idea without studying COLD’s peers. I conclude therefore that I must be missing something. Which one of the two do YOU see as the better investment? (Important : If neither, please give names of OTHER US Industrial REITs that you prefer OVER the above-noted COLD and COR).
It is unlikely RBC Capital would have picked COLD as a global best idea without studying COLD’s peers. I conclude therefore that I must be missing something. Which one of the two do YOU see as the better investment? (Important : If neither, please give names of OTHER US Industrial REITs that you prefer OVER the above-noted COLD and COR).
Q: In looking a bit deeper into COLD, I see the short position is ~ 14%! Is this simply b/c it is quite expensive for an REIT? Forward P/E is 70. Apart from it being "expensive" is there any other reason for a high short position on what should be a fairly stable company?
Q: What companies will benefit most by providing the logistics for distribution of the virus vaccine? Would Americold Trust, COLD be one of these companies?
- NorthWest Healthcare Properties Real Estate Investment Trust (NWH.UN)
- Summit Industrial Income REIT (SMU.UN)
- Americold Realty Trust Inc. (COLD)
Q: Hi,
I hold SMU (up 100%) and NWH (up 40%). COLD, however, has come up as recommended from a few places I get my ideas from and I'm considering initiating a position in it. To free up some funds I need to dump either SU or NWH and am curious which one you would exit and why? I'm more interested in capital growth than dividend and generally hold mid-long term.
Cam.
I hold SMU (up 100%) and NWH (up 40%). COLD, however, has come up as recommended from a few places I get my ideas from and I'm considering initiating a position in it. To free up some funds I need to dump either SU or NWH and am curious which one you would exit and why? I'm more interested in capital growth than dividend and generally hold mid-long term.
Cam.
Q: I’m looking for a steady company with dividends to barbell more growthy names. What are your thoughts on these 2 companies that have corrected or would you recommend others in Canada or the US? Thanks
Q: Your past comments have been somewhat "cool"
Why the selloff the last month or so.
Is it because of the options exercised today?
What is your view of COLD going forward
thankyou
Why the selloff the last month or so.
Is it because of the options exercised today?
What is your view of COLD going forward
thankyou
Q: Re todays acquisition announcement I assume this should prove to be a positive move for the company, and I assume the share issue is needed to complete the takeover. However, I am puzzled and do not understand the forward purchase arrangements that appear to accompany the deal. Can you explain the latter please and comment on their acquisition. Thank you.
Q: Thank you for your response to my previous question. I still find the issues involved puzzling. Stating the apparently conflicting issues i) while the same store growth is expected to be modest at around 2% the overall revenue growth appears to have been closer to 20% (for 2019) and ii) while analyst share price expectations have been rising notably of late that has occurred in the face of reduced earnings expectations; according to First Call these have been declining modestly but consistently for at least the past year.
The rationale for investing in this company was at least in part based on its competence as evidenced by the share price growth and its participation in an industry sector that offered significant opportunities for growth as a result of substantial sector fragmentation, to which they appear to be willing and able to respond. I subsequently see that COLD also has substantial industry participation both in the US as well as overseas, and promotes its competence in its management and operating systems. I also see that the REIT sector is currently under pressure and, or perhaps despite, that the cost of capital should be low as a result of all time low prevailing rates of interest. The obvious question is whether the current valuation represents a significant entry opportunity for a company which is doing well but still sorting out the bugs resulting from its growing interests. I would be interested in your response.
The rationale for investing in this company was at least in part based on its competence as evidenced by the share price growth and its participation in an industry sector that offered significant opportunities for growth as a result of substantial sector fragmentation, to which they appear to be willing and able to respond. I subsequently see that COLD also has substantial industry participation both in the US as well as overseas, and promotes its competence in its management and operating systems. I also see that the REIT sector is currently under pressure and, or perhaps despite, that the cost of capital should be low as a result of all time low prevailing rates of interest. The obvious question is whether the current valuation represents a significant entry opportunity for a company which is doing well but still sorting out the bugs resulting from its growing interests. I would be interested in your response.
Q: How do you view this company's prospects and current valuation? While analysts expectations appear to have been on the rise in recent weeks the price has been soggy for some while, and I cannot determine the basis for the share price appreciation seen beginning in early 2018 through Q3 2019. The company's prospects seem now in question despite apparent growth in the underlying demand for their services.
- WPT Industrial Real Estate Investment Trust (WIR.U)
- Dream Industrial Real Estate Investment Trust (DIR.UN)
- Cencora Inc. (COR)
- Americold Realty Trust Inc. (COLD)
Q: I bought DIR.un and WIR.un , the industrial REITs based partly on NAV, FFO, and dividend growth and because I had hardly any Canadian investments. However , on the said REITs , perhaps my calculations were incorrect. Both are down significantly notwithstanding that eCommerce has grown rapidly. I also have COR and COLD on close watch. I expected industrial warehouses and logistics to have a reasonably good growth trajectory. Do you think that growth in this type of company will be flat for the next year or two? To what would you attribute the weakness evident in the valuation of these companies that should, one would think, behave very differently from , say apartment REITs? Would you favor COLD or COR over the Canadian-listed ones and if yes, your reasons other those obvious in financial metrics?
Q: Good morning fellas :
Please provide your thoughts on recent quarter . Would you add to this name ?
Thx
Mark
Please provide your thoughts on recent quarter . Would you add to this name ?
Thx
Mark
Q: Morning guys :
Please comment on recent quarter
Thx
Mark
Please comment on recent quarter
Thx
Mark
Q: HiTeam:
Good day!
I am holding SCHW & SBNY with some 30% loss, and COLD some 7% loss. Should I let go the first two and hold the COLD?
Please take the points for each one as I have 3 companies in question.
Thank you.
Louisa
Good day!
I am holding SCHW & SBNY with some 30% loss, and COLD some 7% loss. Should I let go the first two and hold the COLD?
Please take the points for each one as I have 3 companies in question.
Thank you.
Louisa
Q: Morning guys:
Please comment on earnings .
Thx
Mark
Please comment on earnings .
Thx
Mark
- Canadian Apartment Properties Real Estate Investment Trust (CAR.UN)
- InterRent Real Estate Investment Trust (IIP.UN)
- Americold Realty Trust Inc. (COLD)
Q: How do you rate these 3 REITs, Cold being an American Reit that’s had successful growth in the states compared to Car.un and IIP.un in Canada?
Thnx for the awesome service!!👍
Thnx for the awesome service!!👍
Q: I'm interested in COLD since it's pulled back - what are your thoughts here and what would be the tax issues for the distribution in a registered account like an RSP or TFSA? Thanks.
Q: I note in your reply to Mark today you say that COLD is expensive; the question from an investment standpoint is how expensive are they? It seems that earnings expectations are all over the place for fiscal '19 and '20. First Call seems to expect over $1 in '20, TR 0.67, while PE ratios presented are anything between almost 300 and 130, which doesn't compute, and on top of that should COLD be evaluated as a REIT AFFO or other criteria or as an ordinary industrial equity? I also note that COLD has failed to meet earnings expectations for the past four consecutive quarters.
Taking into account actual earnings and volume growth could you please fill in some of these gaps and provide a basis for reasoned evaluation of this company's share pricing. The price run down in recent days could provide an attractive entry into an enterprise which appears to have significant prospects because of industry needs as well as fragmentation. Thank you.
Taking into account actual earnings and volume growth could you please fill in some of these gaps and provide a basis for reasoned evaluation of this company's share pricing. The price run down in recent days could provide an attractive entry into an enterprise which appears to have significant prospects because of industry needs as well as fragmentation. Thank you.
Q: Morning guys:
Please comment on recent quarter .
Thank u
Mark
Please comment on recent quarter .
Thank u
Mark