TSX:IIP.UN - Post Discussion
Post by
retiredcf on Feb 25, 2022 9:30am
Scotiabank
Scotia analyst Mario Saric is bullish on domestic apartment REITs,
“We reiterate our strong disposition towards considering increasing our Apartment REIT allocation (just one Outperform right now) as regulatory visibility improves (Ontario Election, Federal Budget) and international immigration/students return, positioning the asset class as a “catchup growth trade” in our view. In terms of NTM ROR [next 12 months rate of return] , the top 3 CAD apartments in order are IIP [Interrent REIT] , CAR[ Canadian Apartment Properties REIT], and KMP [Killam Apartment REIT] . We also continue to like TCN [Tricon Capital Group Inc.] on expected superior NTM NAVPS growth”
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