US Central Bank Ownership- Earnings: PLZ, GEI, EXE, BPY, MRG, Preferred Shares
This is only a sample of the article, please login to view the entire article
Until final congressional confirmation of the next US central bank chairperson, short term visibility for monetary policy is uncertain. Markets are taking this in stride knowing there will likely be no long term radical change from current policies. This is in good part due to the structure of the US Federal Reserve Bank including the twelve regional banks that was set up years ago, and still serves its intended purpose. This week's economic commentary covers the checks and balances built into this structure.
Earnings updates include Plaza Retail RETI(PLZ.UN, PLZ.DB.D), Gibson Energy Inc.(GEI), Extendicare Inc.(EXE, EXE.DB.B), Brookfield Property Partners(BBY), and Morguard North American Residential REIT(MRG.UN, MRG.DB). For the preferred share sector the data focuses on trading volumes to identify the most active and liquid issues for each of the three categories of preferred shares.
Plaza Retail REIT is a Maritimes focused owner of predominantly grocery and drug store anchored shopping centres. Their core strategy has been to add value by developing or redeveloping shopping centres rather than to acquire properties where the improvements have already been done. They have a substantial enough development pipeline of 1.7M sq. ft. to add value to the existing 7.6M sq. ft. portfolio. The grocery and drugstore anchors are not as prone to internet based competition compared to fashion and electronics retailing. Dividends have been increased 15 times in the past 14 years.
You must be a member to view the entire article, please subscribe or login
|New Issues & Acquisition|
October 13, 2017
|New! Weekly Price Changes Oct 6-13, 2017|
October 6, 2017
|Weekly Price Changes Sept 29-Oct 6, 2017|
September 29, 2017
|Weekly Price Changes Sept 22-29, 2017|
September 22, 2017
|Weekly Price Changes Sept 15-22, 2017|
September 15, 2017
|Weekly Price Changes Sept 7-15, 2017|
September 8, 2017
|Weekly Price Changes Sept 1-7, 2017|
September 6, 2017
|Brookfield Asset Management - 4.75% Variable Rate Preferred Share New Issue|
September 1, 2017
|Weekly Price Changes Aug 25-Sept 1, 2017|