Cominar Real Estate Investment Trust Trust Units CMLEF

Analyst comment w/TR

[zack50]

RBC Dominion Securities’ Pammi Bir raised his Cominar REIT  target to $10 from $9 with a “sector perform” rating. The average is $9.85.

“On the back of Q4 results that exceeded our call, our outlook on Cominar continues to incrementally improve. Looking ahead, we expect organic growth to gain traction over the course of 2021 as the economy gradually re-opens. To be clear though, we believe the path to recovery is likely uneven, particularly given the exposure to enclosed malls and CUF’s elevated leverage. Net-net, for more risk-tolerant investors seeking a ‘re-opening trade’, the current discounted valuation may have some appeal.”