TSX:SGR.UN - Post Discussion
Post by
DanielDarden123 on Dec 14, 2020 4:10pm
CIBC Report Today
Upside Scenario: US$10.50
Our upside case reflects a 5% discount to NAV with higher NOI growth of +2.5% and a 25 bps decrease in the cap rate.
My Take: Barring a Covid disaster, this IMO is doable and likely next year. The NOI growth and cap rate compression should not be difficult, and once accomplished, should lead to a small discount to NAV which will be determined by investors.
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