TSXV:SSS.P - Post by User
Post by
15Stanmoreon Nov 09, 2020 6:15pm
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Post# 31867466
Price to Book Value
Price to Book ValueIf I have my numbers right, SMU.UN is now trading at 1.4 times it Net Book Value. This compared to other REITs that continue to trade at a discount to the quarterly FMV adjusted net book values, some like MRT trading at a 70% discount. SMU.UN distribution yield has now fallen below 4%, compared to above 8% for many of the REITs trading at a discount to the NBV.
Maybe time to rotate out of REITs that have recovered to a premium to NBV, and reivest in those that remain significantly below?
Any thoughts from other investors?