TSX:NXR.UN - Post by User
Post by
DanielDardenon Aug 15, 2023 12:07pm
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Post# 35589170
Cap Rate to High
Cap Rate to High valuation is looking more interesting – NXR’s implied cap rate of 6.8% is 100bps wider to DIR.U (vs. 30 bps wider in early 2023), not unlike several other small cap REITs. (RBC)
My Take: RBC uses a cap rate of 6% in its’ report. Clearly they do not see rising cap rates in the industrial space which bodes well for future market prices. Most will see the value here eventually.