TSX:CAR.UN - Post by User
Comment by
Mephistopheles3on Apr 08, 2022 4:34pm
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Post# 34589273
RE:RE:RE:Residential REITs and the Federal Budget 2022
RE:RE:RE:Residential REITs and the Federal Budget 2022Not just CAR, but Resi REIT's in general. InterRent was up 4% today as well and one thing you'll see is that the final bid/ask spread for CAR was quite large and I think the ask finished at $52.78, meaning it had a little bit left to climb.
I don't see them targetting the REIT's at all like the banks/insurance companies. I don't think trying to go after REIT's that provide rental supply is a great solution and I think that's partly why it got left out.. there's not much to review, so their promise to review it later is pretty soft and they'll probably just forget about it. Once interest rates really start to kick in, the housing market will just cool down automatically and REIT's might be forgotten (until CPI gets calculated for 2023 rent).
Looking forward to seeing the earnings release in a month. All trends that I'm looking at point to good income for CAR. I'm just checking out SEDI each day to see if they actually did any buybacks - they have until the 10th of the month to disclose.