TSX:NXR.UN - Post by User
Post by
retiredcfon Nov 18, 2021 11:30am
168 Views
Post# 34140995
BMO
BMOPicking this up below the financing level looks like a good plan. GLTA
BMO analyst Joanne Chen discussed the sustainability of the Canadian Industrial REIT success story and provided top picks,
“We have often been questioned on the strength of the growth runway for the Canadian industrial REITs in our coverage, and there continues to be areas of concern surrounding the sustainability of it among the investor base. Based on our analysis and feedback from the CRE broker community, we note that the industrial REITs in our coverage are actively looking to capture the existing growth runway and focus on their portfolio growth in a strategic manner … Record low availability rates, minimal supply growth, and increasing rental rates across Tier I markets have led tenants to look for alternative markets… Landlords, tenants and investors are focused on the next growth industrial markets – Brantford, Hamilton, Kitchener Waterloo Cambridge (Ontario), Montreal (Quebec) and Calgary (Alberta) – amid tightening supply pipelines in Tier I markets … We see Nexus REIT (Restricted) and Summit Industrial Income REIT (See our note) as leaders of the pack within Canada, which have begun to deploy capital and are constantly circling new industrial markets”