TSX:REI.UN - Post by User
Comment by
CANCDNon Dec 15, 2020 5:27pm
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Post# 32114560
RE:CIBC has an upside target of $29 too
RE:CIBC has an upside target of $29 too Can you share where you found the CIBC upgrade? Last I saw, it was 22...
On IKBR they only show the analyst name and company, the price target and recommendation. It is still showing 22 for CIBC analyst.
Looking at history, RioCan usually trades at or above NAV by about 10%. Allied REIT at times traded 20-30% above NAV.
Will be interested to see how the market prices in devlolement projects going forward. With a strong focus on apartment rentals, we could be as much as a 30% premium. The NAV is going to rise quickly as these developments start coming online in phases.
materialsgirl wrote: To get there, they suggest a 3.75% cap rate as compared
to their base case of 4%
$29 also assumes a 2.5% NOI improvement over the base case.
Also a 10% premium over NAV
High 20s is certainly possible within 12 to 15 months.
The floodgates will open to immigrants by August
mat