OTCPK:NNVUF - Post by User
Post by
DanielDarden123on May 12, 2018 10:33am
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Post# 28022271
CIBC
CIBC We maintain our Outperformer rating in reflection of the REITs significant discount, attractive and sustainable yield of 6.2%, and the defensive nature of the multi-family asset class. Even though the units have appreciated substantially over the past year, we still believe that current valuation offers investors a compelling entry point, trading at a material ~8.3x 2018E FFO discount to residential peers.