TSX:CAR.UN - Post by User
Post by
retiredcfon Jan 17, 2022 8:48am
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Post# 34323658
National Bank Top Pick
National Bank Top Pick National Bank revealed its top picks by real estate asset class. They are:
Apartments
Canadian Apartment Properties Real Estate Investment Trust with an “outperform” rating and $70.50 target. Average: $68.47.
Firm: “CAP provides a high-quality hybrid exposure to Canada’s largest urban markets with asset concentrations in both densely populated and suburban nodes but also a growing footprint in smaller cities popular with retirees. It has an exceptional liquidity position, best in class platform, the strongest leverage metrics relative to apartment peers and a long track record of earnings/distribution growth supported by a management style that prioritizes operational stability. All of this works well in an environment where timing-related concerns around the pandemic are balanced against the prospect for much brighter days on the other side of the current wave of infections.”