Agellan Commercial Real Estate Investment Trust ACRVF

BMO analyst comments

[maypeters]

not a shareholder but maybe this helps

Troy MacLean, analyst at BMO Capital Markets, trimmed his target on Agellan Commercial REIT (ACR.UN-T) units to $12.25 from $12.40 and kept his “outperform” rating.

“We continue to like the REIT's discounted valuation, and attractive about 7 per cent yield,” he wrote in a research note. “We have modestly reduced our FFO [funds from operations] estimates for 2017 and 2018 to reflect new foreign exchange assumptions. Our 2018 AFFO [adjusted funds from operations] estimate is also revised due to changes in our foreign exchange assumptions and higher straight-line revenue. Our NAV [net asset value] estimate is unchanged at $12.25/unit.”