TSX:MRG.DB.B - Post by User
Post by
nini2022on Apr 29, 2022 8:01am
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Post# 34641474
RBC / TD raise target to $24
RBC / TD raise target to $24RBC has it's NAV at $32.50 and TD close to $30. The properties sold post-Q1 were done in the low 3% cap rate range, MRG units trade in the 6% implied cap rate range LOL. The properties sold were also on the lower end quality spectrum for MRG (older buildings and one in the suburbs of NO). The price of these units becomes more comical with time but management really doesn't give the public much reason to care either.