Gulf & Pacific Equities Corp. Stock Analysis GUF.V

Gulf & Pacific Equities Corp. engages in the acquisition, management, and development of anchored shopping malls in rural centers in Alberta and British Columbia. The company is headquartered in Toronto, Ontario. The firm acquires, manages and develops anchored shopping malls in Western Canada's rural centers, particularly Alberta. Its portfolio consists of three properties located in Alberta. The three properties consist of Tri-City Mall located in Cold Lake, Alberta, with a gross lease area of 149,491 square feet, St. Paul Shopping Centre, in St. Paul, Alberta, with a gross lease area of 79,042 square feet and a stand-alone property in Three Hills, Alberta with 8,922 square feet of gross lease area. The firm still holds a vacant lot in Merritt, B.C. The tenant at St. Paul Shopping Centre profile consists of Peavey Mart, Ardene, Dollar Tree, Marks, and Giant Tiger Stores occupying the mall. The two pad sites are leased by Tim Hortons and Petro Canada. The company targets smaller, rapidly growing hub communities serviced with hospitals, high schools, police stations, and retail service infrastructure.