Second stock in the clip. GLTA
https://www.bnnbloomberg.ca/video/barry-schwartz-s-top-picks~1977763
CANADIAN APARTMENT PROPERTIES REIT (CAR/U TSX)
Shares of Canadian REITs have been hurt dramatically during this crisis as investors worry about the viability of commercial and office real estate. One thing is certain: you have to live somewhere. As a result, Canadian Apartment REIT is well positioned as the largest apartment landlord in the country, with a focus on reasonably priced rental units in Toronto, Vancouver, and Montreal. We remain bullish on the long-term fundamentals of multi-family real estate in these three cities due to supply shortages and immigration growth and think shares are attractive, with a 2.9 per cent distribution yield.
TOP PICK
Canadian Apartment Properties (CAR.UN-T)
June 15, 2020
It has been added to the TSX-60. Immigration will pick up after the virus. They focus on mid-level apartment buildings. Their rents are undervalued. As there is turnover, they are able to charge market rents. They are looking to grow their European division. (Analysts’ price target is $56.23)
Barry Schwartz
Price
$49.090
Owned
Yes