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Prologis Inc. (PLD)
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Granite Real Estate Investment Trust (GRT.UN)
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Dream Industrial Real Estate Investment Trust (DIR.UN)
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Stag Industrial Inc. (STAG)
Q: What are your thoughts on the quarter and year end results for STAG? I'm looking for the best industrial REIT values in the US and Canada right now, can you give me a couple options you like and why?
Cash flow per share of $2.21 beat estimates by 0.14%, so essentially an exact match. Revenue was also inline at $182.2M. Cash flow rose 7.8%. Occupancy remains very high at 98.5%. While relatively small at $6.4B, we would consider it one of the better sector names. We would also suggest PLD, though its quality makes it expensive but we like its property and geographic exposure and growth has been solid. Also FR for largely the same reasons. DIR.UN in Canada (we have a report) and GRT.UN for its solid tenants, occupancy and consistency.