First stock in the clip. GLTA
https://www.bnnbloomberg.ca/video/andrew-moffs-past-picks~2775684
COMMENT
Selloff is creating value?(A Commentary)
27/09/2023
Selloff is creating value?
Yes, this setup reminds him of opportunities such as the 2008 financial crisis or during the pandemic, where public real estate markets sold off more between 20-40%. An opportunity to buy great quality companies at a discount to NAV.
At this time, more investors spanning institutions, pension plans, endowments, sovereign wealth funds and private equity have amassed dry powder totalling US$344 billion earmarked for direct property investments. REITs that have been the most resilient throughout 2023 within sectors containing positive supply and demand fundamentals will increasingly be targets for strategic takeovers should they continue to trade at wide discounts to net asset value.
Andrew Moffs