June 24, 2017 - HR.UN
New! H&R REIT - Price Target Update .....
June 22, 2017 - BCE
BCE Inc. -Price Target Update .....
June 21, 2017 - T
Telus Corporation - Q1-2017 Earnings Update .....
June 20, 2017 - DR
Medical Facilities Corp. Q1-2017 Earnings & Price Target Update .....
June 17, 2017 - PEY
┬ĘPeyto Exploration & Development Corp. Price Target Udpate .....
June 16, 2017 - IPL
Inter Pipeline Ltd - Price Target Update .....
June 15, 2017 - TRP
TransCanada Corporation - Price Target Update .....
June 14, 2017 - EEP
Enbridge Energy Partners LP - Review & Price Target Update .....
Recommendation Changes
IPL, RNW, INE, BEP.UN, REI.UN, more...

Pure Multi Family REIT - Price Target Update

This is only a sample of the article, please login to view the entire article

Pure Multi Family REIT is a Canadian-based REIT that owns a portfolio of 15 multi-family properties located in the US sunbelt region. The portfolio is comprised of 5,229 residential units, located within three metropolitan areas: Dallas - Fort Worth; Houston, San Antonio in Texas, and Phoenix, Arizona. Approximately 75% of units are located in the Dallas-Fort Worth area. Units are listed on the TSX and priced in both Canadian and US dollars using the symbols RUF.UN and RUF.U respectively.

There are two classes of shares, the Class A are listed on the TSX in either Canadian or US dollars and Class B shares held by the sponsors. The Class B shares represent a 5% ownership interest entitled to 5% of the distributions and the Class A shares receive 95% of the distributions. The Class B shares are convertible into Class A shares once the market cap for the REIT exceeds $300M which occurred in Aug-2016. As of Dec-31- 2016 no Class B shares had been converted, consequently our AFFO per share data is adjusted to reflect the dilution from the Class B share entitlements to 5% of total distributions. The manager received the Class B shares totalling 5.6M units as compensation for management fees since the IPO. The management agreement has been internalized at no cost.


You must be a member to view the entire article, please subscribe or login

New Issues & Acquisition
June 23, 2017
New! Weekly Price Changes June 16-23, 2017
June 20, 2017
New! BMO 4.4% Rate Reset Preferred Share New Issue
June 16, 2017
Weekly Price Changes June 9-16, 2017
June 9, 2017
Weekly Price Changes June 2-9, 2017
June 7, 2017
Firm Capital Mortgage Investment Trust - New Convertible Debenture
June 3, 2017
Weekly Price Change May 27-June 2, 2017
June 2, 2017
Algoma Central Corporation - New Convertible Debenture
June 1, 2017
American Hotel Income Properties REIT LP - New Convertible Debentures - US Dollars