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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Scott Mc who wrote (3503)	6/21/2002 2:05:37 AM
From: David Alon	Respond to of 11633

CAP REIT to boost size of portfolio Real estate trust to add apartments in bid to match banner year: 27% return in 2001 Garry Marr National Post Thursday, June 13, 2002 National Post Tom Schwartz, president of Canadian Apartment Properties REIT, told shareholders yesterday low interest rates have put pressure on rental markets by encouraging people to purchase homes. ADVERTISEMENT Tom Schwartz, president of Canadian Apartment Properties Real Estate Investment Trust, had a few words of caution yesterday to those who would flock to income trusts for a higher return. "It is important to note that, unlike a number of other income trusts on the market today, an investment in CAP REIT is supported by a portfolio of high quality apartment properties -- hard assets that will appreciate in value," Mr. Schwartz told shareholders at the company's annual meeting. REITs have been coming under increasing competition from income trusts created for such things as dog food and sardines, as investors have flocked to instruments with higher yields. Mr. Schwartz also pointed to the favourable tax treatment REITs receive and said CAP REIT had a 77% tax deferral on income paid out in 2001. "It's clear an investment in CAP REIT offers a much higher after-tax return," he said. Like most in the sector, CAP REIT had a phenomenal 2001 with a total return of 27%. CAP REIT's plan is to continue to grow the portfolio in 2002 by adding 1,500 to 2,000 apartment suites. It now has 11,238 suites. But it's clear the REIT will walk away from any transaction it feels is not accretive. CAP REIT did exactly that last year, turning away at the last minute from buying part of the Acanthus apartment portfolio from a subsidiary of the Caisse de dépôt et placement du Québec. The move contributed to 2¢ per unit reduction in distributable income in the first quarter of 2002. Mr. Schwartz said there have been pressures on the apartment sector because of low interest rates, which have encouraged home buying and investor-owned condominiums. But he noted Cap REIT still has a 98.8% occupancy among its buildings. © Copyright 2002 National Post Return to search results

To: Scott Mc who wrote (3503)	6/21/2002 9:10:15 PM
From: Peter W. Panchyshyn	Read Replies (1) \| Respond to of 11633

It seems that your entire premise is based on the premise "its been going up so it must be good". -------- Just what part of getting more and more units as a result of the conversion of the rights and warrants ( I have already more than doubled my total number of units as a result of these past documented offerings) and then having the payouts remain around the same (increased monthly payouts, DON'T YOU UNDERSTAND. Just what part of getting double to triple digit real gains from trading these very instruments, DON'T YOU UNDERSTAND. THATS NOT JUST ""BEEN GOING UP""". THATS PUTTING REAL RETURNS INTO ONES POCKET. How you can miss the most obvious is very puzzling to say the least????????? Especially given the fact that you have yet to even counter any of my real world trust data examples I have put forward in this discussion with anything similar of your own. And thats real world trust numbers. Not your trademark apples to oranges comparisons which show nothing regarding your assumptions of the trusts of trusts. ---------------------------- I used to hear the same thing about NTel. --------- More apples to oranges comparisons. About all your able to come up with. Gee please tell all, how much was ntel paying monthly to its holders???? Just how many times did ntel allow you to buy rights for $0.05 and then in a matter of weeks sell them for $0.20 or more??? You can look over the past links I gave out to see just how many times EIT.UN and SDT.UN did just that. These comparisons (apples to oranges) of yours to try to prove your point show you know next to nothing about these trusts -----------------