TSX:APR.UN - Post by User
Post by
biggerironon Nov 30, 2018 12:16pm
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Post# 29045768
CIBC, review, says
CIBC, review, saysPrice Target Calculation APR trades at ~9.8x 2019E FD FFO, 11% below our $11.25 NAV estimate at a 6.5% cap rate, and yields an attractive 8.0%. We rate Automotive Properties Outperformer and our 12- to 18- month price target is $12.00, 7% above our $11.25 NAV, which equates to 11.5x-12.0x 2019E FFO.