ScotiabankStill trying to climb that $14.00 wall. GLTA
Scotiabank analyst Mario Saric believes domestic REITs are set to play catch-up with the TSX and global peers,
“Canadian REITs have meaningfully lagged both the TSX and Global REIT peers during the pandemic. CAD REITs are -9% vs. Global REITs and -25% vs. TSX … Canadian vaccination rates are starting to catch up and even surpass global peers. Canada has one of the largest gaps globally between first-dose and full vaccination rates (64% and 11% of population, respectively); the 64% is the highest globally while the 11% is one of the lowest. We continue to prefer Growth over Value as broader valuations normalize. Top Growth Picks = BAM, CRR, DIR, GRT, IIP, MHC, SMU, SVI and TCN. Top Value Picks = AP, CSH, ERE, Top Income Picks = APR, CRR and CRT.’