RE:RE:RE:RE:RE:RE:RE:RE:Today's Bounce see below:
https://www.theglobeandmail.com/investing/markets/inside-the-market/article-top-picks-in-the-beaten-down-canadian-reit-sector/
A 55-page report published by CIBC analyst Dean Wilkinson Tuesday provided useful insights into the domestic REIT sector (my emphasis),
“We believe that the pace of the COVID-19 recovery will be the single most important factor driving the eventual path of REIT returns through the rest of the year. .. we do not believe that valuation can be used as an indicator for potential price floors at this time … current pricing provides appealing entry points for many of the REITs within our coverage universe for those investors with very long-term time horizons … Residential and Industrial REITs are likely to see the least impact to FFO in an optimistic and base scenario … we would expect more upside torque from Retail and Seniors REITs should COVID-19 concerns dissipate quickly. ... We favour those REITs that carry relatively lower valuation risk, above-average yield, and strong balance sheets, including BPY, REI, SRU, GRT, and HR, and small(er) caps including APR, KMP, WIR, and HOM”