TSXV:PAR.H - Post by User
Comment by
YieldChaseron Dec 02, 2014 8:47pm
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Post# 23188366
RE:Units are selling based on yield alone at ~ 6%,
RE:Units are selling based on yield alone at ~ 6%,
Better REITs, with higher quality assets in bigger markets, i.e. not secondary or teritary markets, such as AAR.un or DIR.un with sustainable 7.5%+ distributions exist .. using an 8% yield target for this weak retail asset class in secondary and teriary markets I arrive at a $3 unit price.
Any value upside is pure speculation, as same-asset NOI is still falling. REIT prices only go up if NOI is going up or sustainable distributons are raised, both of which are not the case here.
Why would par.un go up 30% ?
Buy DIR.un instead .. it is sub $9 right now with an almost 8% yield. Sound retrirement strategy. Not speculaitive 42%+ hype.