OTCQX:PMULF - Post by User
Comment by
maypeterson Jul 21, 2019 3:36pm
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Post# 29944294
RE:Option?
RE:Option?Thanks Daniel. Already have NVU. Picked up a bunch after the drop when the merger was announced. Not done as well as IIP and some of the others but its still relatively much much cheaper. DanielDarden123 wrote: Indeed, our investment thesis remains well intact. At current unit prices, NVU trades at ~10x FFO turns below its broader domestic residential peer group, a valuation discount that we believe is overly punitive given the substantial progress the REIT has made over the past few years (i.e., improving growth outlook, declining leverage, and reduced exposure to resource-based markets), while offering a sector-leading yield. We maintain our Outperformer rating, and increase our NAV to $30 (from $29). Our price target increases to $31 (from $30), based on a slight premium to NAV.
Read more at https://stockhouse.com/companies/bullboard?symbol=t.nvu.un&postid=29739062#sjj5b3t31sEfGq5g.99
The view from CIBC post Q1. And no currency risk. What not to like if you like this space.