Post by
15Stanmore on Nov 09, 2020 6:15pm
Price to Book Value
If I have my numbers right, SMU.UN is now trading at 1.4 times it Net Book Value. This compared to other REITs that continue to trade at a discount to the quarterly FMV adjusted net book values, some like MRT trading at a 70% discount. SMU.UN distribution yield has now fallen below 4%, compared to above 8% for many of the REITs trading at a discount to the NBV.
Maybe time to rotate out of REITs that have recovered to a premium to NBV, and reivest in those that remain significantly below?
Any thoughts from other investors?
Comment by
incomedreamer11 on Nov 11, 2020 10:49am
I will trimm my position when price will hit again 14 $ , industrial REIT now overpriced ( my opinion) HR UN or another diversified REIT have more upside and better yield, same dtory for some retail (SRU.UN ,PLZ.UN etc.)