Artis Real Estate Investment Pref Shs Series E T.AX.PR.E

Frankie and Estevan

[garyreins]

Make yourselves useful and reassure my confidence in this dysfunctional sector by reminding what's a very historical and useful metric indicating public reits are undervalued. From what I recall at top of head its a cap rate of 3% above Canadian 10 year bond.  So reits should be trading at 6.5% cap rates yeah... not 8 to 9%?

[jmkOttawa]

So Frankie and Estevan are useless if the don't do as you request?  You might want to reconsider how you aks for asistance Gary.

[Frankie10]

Lol gfy 

[EstevanOutsider]

we are at peak cap rates and nav's have already been written done. imho industrial: 5-6% office: 7-8% residential: 4-5% but there is more to it than cap rates now, especially with development opportunities.

[EstevanOutsider]

and i would say retail should be between 5-6.5% depending on the asset. all my views are based on transactions in the past year with some nuances.

[garyreins]

Thank you for your response. I am aware of CAP rates used to determine NAV as you quoted, but then again, reits always traded at a "discount" and that will never change.  So the question remains the same, by what historical measure can you conclude that reits are undervalued and will mean-correct.