GREY:MSTUF - Post by User
Post by
retiredcfon Sep 22, 2016 6:46am
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Post# 25264282
Analyst Recommendation
Analyst Recommendationhttps://www.bnn.ca/market-call-tonight/andy-nasr-discusses-milestone-apartments-reit~955665
MST.UN-T 2016-09-20 COMMENT Andy Nasr
A great name with a good management team and a decent balance sheet. They own garden style apartments through the US. Thinks there could be some additional upside. Apartments are a very defensive asset class, because if there is slower economic growth, there is more demand for low income housing. Home ownership in the US is at a 50 year low, mainly because credit conditions are still tight. The only concern is that there is going to be some additional supply come onto the market towards the end of 2017-2018, and rent growth will start to decelerate.
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Price:
$19.000
Subject:
REITS, GLOBAL & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
Unknown