TSX:CAR.UN - Post by User
Comment by
AlwaysLong683on Apr 29, 2022 9:25pm
117 Views
Post# 34644235
RE:RE:RE:RE:National Bank
RE:RE:RE:RE:National BankGreat discussion.
I think there are two things CAR should consider doing:
1) If they can't get permitted to build more apartment buildings on land they own because those in the neighbourhoods don't want apartment buildings (even new ones) "in their backyard", CAR should see what they can get in selling the land to private developers to build detached homes, townhomes, or condos as I would think they would be able to fetch a handsome sum given the demand for new houses and the building frenzy that has been going on for quite some time now.
2) While the shares are trading this low, use excess cash to buy back shares (units) as much as they can safely do - thus creating unitholder value while the market is undervaluing this REIT IMO.