TSX:AX.PR.E - Post by User
Comment by
EstevanOutsideron Oct 04, 2023 1:09pm
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RE:RE:RE:With REITS moving down fast...
RE:RE:RE:With REITS moving down fast...doesn't matter bro, i was in oil stocks for the past few years and made massive gains. can take a couple gut punches to be a bit early in the reit space, lock in big yields, and see big capital gains over the next couple years as a new cycle starts. will be re-investing all the distributions back into reits.
impossible to call a bottom but valuations are near historical lows with still strong fundamentals, soaring building costs and an interest rate cycle which is almost over.
garyreins wrote: " rates are peaking out and soon they'll start falling." while you've been saying that a lot for past 2 months, yields keep pushing higher. Thoughyou may be right, they have to top soon or else it will be very restrictive environment at this pace