-
On Thursday, Zachary George, co-founder and portfolio manager of FrontFour Capital Group, which owns 6.6 per cent of HREIT's units (with two other funds), was appointed to the HREIT's board of trustees along with two other veteran real estate players.
[George] said he believed part of HREIT's problems stemmed from its relationship with Shelter, whose fees grow as the portfolio gets larger, regardless of the performance of HREIT or its unit price.
On Wednesday, HREIT announced its intention to buy back up to five per cent of the outstanding units over the next 12 months, claiming there is a "disparity between the market price and what HREIT believes to be the underlying value of the units.
-
A year ago, there was new competition in the aviation business and that depressed our margins," [Mike Pyle] said. "Last year, manufacturing carried the load. This year, it is a little slower in manufacturing and we dealt with the competition in the aviation side and our market shares are back up a little and we are carrying some challenges in a couple of manufacturing companies.
It is the aviation business where EIIF has made gains this quarter. After losing some market share to North American Charters and upstart Kistigan Air in 2007, Perimeter and Keewatin proved to be the stronger competitors and both those companies exited the Manitoba market in 2008 -- NAC in January and Kistigan in June.
"The unit price is not reflective of what they have achieved," [Kevin Hooke] said. "But at t...
-
There is the potential for another strong period of orders (after the coming pause)," [David Tyerman] said. "It is not at all clear to me when production would have to slow. It may not have to for the foreseeable future.
"One of the reasons the unit price is down may be that people are worried that some of the big backlog will go away and the states won't have the money to pay for some of the orders that are in the backlog," Tyerman said. "This kind of money will help alleviate some of those concerns."
"New Flyer thrived under [John Marinucci] and his management team," Tyerman said. "To see him leave makes investors nervous. It always happens. There will be a period of wait and see what the new guy can do."
-
Although HREIT is a larger entity both in asset value of real estate holdings and market capitalization, IAT unitholders will own 53 per cent of the merged entity and HREIT unitholders will own the other 47 per cent.
Since his arrival on the board of HREIT, [George] helped instigate a strategic review in an attempt to enhance the unit price that lagged as a small cap REIT. That turned into an effort to try to find a buyer for Huntingdon, but that was scrapped -- along with HREIT's monthly cash distributions -- in October 2008 in the midst of the meltdown in the financial services industry.
Tuesday's announcement, released jointly by HREIT and IAT, said "the combined entity will benefit from internalizing HREIT's asset management function.
-
Armin Martens, president and CEO of Westfield, described the move from the TSX Venture Exchange as a "natural progression.
He said being listed on the country's largest stock exchange should have a number of benefits. For example, many institutional investors are restricted from investing in companies that aren't listed on the TSX as well as those that don't meet minimum market capitalization requirements and unit price.
It's the strongest office market today in North America. It's booming," he said. "As the leases turn over in the properties we own there, we've very optimistic we'll be increasing our revenues dramatically."
-
Business growth goal attainment can be achieved through the effective management of product and service mix. Both the customers and the employees have to agree on the value of the higher price per unit products and services which push sales mix improvement. Gross margin revenue growth through the buy low-sell high tactic should be attained since many competitors can easily imitate levels of cost of goods sold and pricing. The key is value, not customer satisfaction.
-
You don't go buy a morning coffee if you don't know what price it's going to be," said Jim Wachowich of the Consumers Coalition of Alberta.
"If you got to the till at Starbucks and it was $8 for a plain cup of coffee, you might go, 'Whoa, what happened?"' Wachowich said yesterday.
"And that's like the price range we've seen on a unit of natural gas over the past five or six years.
-
Property owners, in association with one another, can choose to place restrictions on their individual property rights. An important question for valuation is whether the imposition of restrictions affects the market value of the units. The research presented here studies the effect of one particularly strong restriction: strata by-laws that forbid owners of condominium units in the strata from renting their units. What effect rental restrictions should have on prices and values is not clear. Restrictions reduced potential investor's return, making a unit in a building that forbids rental of lower value to investors. Transaction data on condominiums in Vancouver, BC and the adjacent suburbs of Richmond and Burnaby is used to measure the effect of these restrictions on unit values. To es...
-
The building's vacant status is not for lack of interest. The 480-square-foot house dubbed the All-Terrain Cabin started touring home shows in late 2006 where it invariably draws viewers to ask, "Where can I get this?
Strawboard made from prairie wheat makes up the wall-boards, because, [Robert Studer] says, "Why clear-cut our forests when we can clear-cut our fields?"
The cabin is a "high-end" unit that, were it to be sold, would be comparable in price to a Vancouver condo unit. In other words, it's not cheap. How "not cheap?" Studer won't put a figure on it, but the Weatherhaven MECC walls that hold the unit are $60,000 alone.
-
...The same per-unit fee, however, is paid whether the project is infil.... The same applies to a slew of other price signals: property taxes, network service rates (wa...