TSX:NWH.DB.G - Post by User
Comment by
DanielDarden123on Apr 01, 2023 5:04pm
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Post# 35374017
RE:CIBC comment
RE:CIBC commentAs is usual, sellers have overreacted here apparently without realizing: 1) NOI is constantly improving; 2) the cap rate is stable; 3) the weighted average interest is dropping; 4) most rental rates are indexed to inflation; and 5) healthcare is defensive in nature. Long term investors should relish this period as it will likely be a low point if the JVs materialize as stated. Each to his own!