Vision Capital Corporation

Yesterday, Vision's Andrew Moffs, Senior Vice President, Portfolio Manager was the featured guest on BNN Bloomberg's Market Call. Andrew addressed investor inquiries on the broad spectrum of publicly-traded real estate securities, providing a nuanced perspective on forward-looking operating fundamentals. Andrew’s top picks included: First Capital REIT (TSX: FCR.UN): A high-quality grocery-anchored retail portfolio with a robust pipeline of incremental development density, currently undervalued and positioned to deliver strong returns. Chartwell Retirement Residences (TSX: CSH.UN): Canada’s leading senior housing provider experiencing strong occupancy growth and capitalizing on accretive external acquisitions. Empire State Realty Trust (NYSE: ESRT): An office portfolio concentrated in the prime New York City submarket, strategically positioned to capture leasing gains. 

Yesterday, Vision's Andrew Moffs, Senior Vice President, Portfolio Manager was the featured guest on BNN Bloomberg's Market Call, fielding investor queries and commenting on a wide cross-section of publicly-traded real estate securities.   Andrew's top picks included Boardwalk REIT (TSX: BEI.UN), benefiting from strong supply-demand conditions in its core Alberta submarket, Digital Realty Trust, Inc. (NYSE: DLR), well-positioned as a premier operator and preferred partner for institutional capital seeking to establish platforms and/or partnerships within the data centre sector, and Chartwell Retirement Residences (TSX: CSH.UN), a deeply discounted seniors housing operator regaining occupancy at a faster rate than forecast by the street. https://lnkd.in/g8yAJjhb

This week, Vision's Jeffrey Olin was featured in an engaging panel alongside highly-regarded industry colleagues, to discuss early successes and the untapped potential of liquid alternative funds, as adoption and integration continues across the Canadian investment landscape. With thanks to AIMA - The Alternative Investment Management Association for organizing a thoughtful and well-attended event, and continuing to be a leading advocate for alternative investment managers.

Please find a link below featuring Vision's Jeffrey Olin, President and CEO, Portfolio Manager as a featured guest on Michael Campbell's MoneyTalks. Moving beyond a myopic focus of a "higher for longer" interest rate environment, Jeff discusses the resilience of public REIT balance sheets and business models as higher costs of capital continue to be digested by the sector. Cheaper and more flexible financing has allowed REITs to go on the offensive, taking advantage of declining values in the property market to revive accretive external growth, complementing organic internal growth evidenced by a swathe of dividend increases in the first quarter of 2024. Jeff highlights operators that are benefiting from strong supply-demand fundamentals and compelling valuations that may deliver outsized total returns over the next 12-18 months: First Capital REIT (TSX: FCR.UN), Sun Communities & Sun RV Resorts (NYSE: SUI), Boardwalk REIT (TSX: BEI.UN), Dream Industrial Real Estate Investment Trust (TSX: DIR.UN), Chartwell Retirement Residences (TSX: CSH.UN), and Sienna Senior Living (TSX: SIA).

Yesterday, Andrew Moffs, Vision's Senior Vice President, Portfolio Manager was the featured guest on BNN Bloomberg Market Call, fielding investor queries and presenting Vision's thesis on a broad cross section of publicly-traded real estate securities.   Amidst an evolving macroeconomic backdrop, REITs appear to be approaching a point of inflection. Previously seen as headwinds weighing on sector prospects, certain market factors are now becoming tailwinds, including the prospect of peak interest rates, a resurgence of investor confidence leading to fund flows reverting to historic averages, and an uptick in transaction activity due to improving credit markets.   Andrew discussed prior top picks First Capital REIT (TSX: FCR.UN), Sun Communities & Sun RV Resorts (NYSE: SUI) and AMH (NYSE: AMH), as well as highlighting current top picks comprised of Dream Industrial Real Estate Investment Trust (TSX: DIR.UN), First Industrial Realty Trust (NYSE: FR) and Chartwell Retirement Residences (TSX: CSH.UN), pure-play vehicles benefiting from robust forward-looking supply-demand fundamentals, while trading at wide discounts to their North American listed peer groups, private market appraisals and transactions, and their own intrinsic value.