OTCPK:NNVUF - Post by User
Comment by
WDMBellon Oct 04, 2020 9:16pm
103 Views
Post# 31665162
RE:RE:RE:RE:Open Survey /Thoughts; Where to put some NVU.UN Proceeds?
RE:RE:RE:RE:Open Survey /Thoughts; Where to put some NVU.UN Proceeds? There is one apartment REIT that is undervalued at the present moment that might be worth looking into. Boardwalk BEI.UN is in the tank since the beginning of COVID and has yet to recover.
They started to divest their portfolio several years ago to reduce exposure to AB & SK and have increased units in the east. Furthermore the balance sheet is in good condition and the cap rates and AFFO return on assets is comparable to all the rest of the apartment reits.
The distribution was cut several years ago as well when oil went down and it has yet to increase but their distribution rate is low compared to other apartments.
Have a look