TSX:CAR.UN - Post by User
Comment by
AlwaysLong683on Apr 14, 2022 7:29pm
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Post# 34605600
RE:RE:Analyst Comment
RE:RE:Analyst Comment
BEI.UN has run up in unit price quite a bit over the past couple of years in line with the oil and natural gas boom as approximately 56% of their portfolio is in Alberta (with Quebec coming in secont at 15%. Unit price went from around 20.00 in March 2020 (start of COViD impact on stocks) to just under 60.00 today for a two year gain of 200%. How much more upside does it have near term....?
CAR.UN seems the much better value right now IMO. It only fell to the low 40s in March 2020, recoverd the low 60s in August 2021 and has dropped since to the low 50s today in spite of a great mortgage book, more provincial diversification in provinces that are less reliant on any single market sector: 41% Ontario, 21% Manufactured Housing Communities, 18% Quebec, 10% BC (plus a piece of Europe). I believe the Liberal / NDP government is opening up immigration levels due to the need for skilled workers to fill jobs, and CAR.UN has many more buildings in many more areas to fill this need vs. BEI.UN.
The individual making the comments is likely pushing the REIT he's invested in and downplaying the one he's not. That's fine, but IMO he's got it backwards.