Stocks to Follow – WPT Industrial REIT

Posted by Michael Markidis, Desjardins Online Brokerage

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wptWPT Industrial REIT is a US-based owner of high quality industrial properties located in 12 US states, with a fair value of ~US$800m based on International Financial Reporting Standards (IFRS). The REIT’s state-of-the art industrial portfolio boasts an average clear ceiling height of 31 feet (best-in-class 30–36+ feet clear height allows for higher stacking, which is key for warehouse/distribution real estate) and an average age of just 14 years. WPT caters to e-commerce, warehouse and logistics users; its ten largest tenants account for 42% of revenue, and include high-profile tenants such as General Mills, Unilever, Zulily, CEVA, Amazon, eBay and Honeywell.

Owing to its young portfolio and low renewal/re-leasing costs, WPT boasts a highly… CLICK HERE for the complete analysis