Canadian Apartment Properties Real Estate Investment Trust T.CAR.UN

RE:Allan Tong

[Defiance2050]

Possibleidiot01 wrote:

BUY

Canadian Apartment Properties(CAR.UN-T)

20/06/2022 at 08:00pm

 

Allan Tong’s Discover Picks I reiterate a buy on this renown REIT, especially after shares have slid $15 this year to below $44 to 52-week lows, while the dividend has climbed from well below 3% to 3.35%. CAP REIT owns 57,000 units particularly prime real estate in Ontario and to a lesser extent, Quebec. It’s the largest multi-residential REIT on the TSX. CAP REIT’s occupancy rate was 98.6% as stated in the company’s 2021 annual report. The PE is now an attractive 5.75x, though admittedly higher than other residential REITs like Boardwalk, as noted above.
 

investment companies / funds

$0.000

Owned

Kind off blows the recomendation away when someone references P/E ratios on Reits. As it include non-operational aspects such as property valuations. 

But we are in a panic sell everything environment. But Residential and Apartment Reits benefits from higher inflation and dont directly get impacted by higher rates. Fixed rates over 3 year maturity rate on average at close to previous prime and low levels of debt to assets. Inflation bring it on for rents as enough have CPI and Inflation rent raises on existing rents.