TSX:NRR.UN - Post by User
Comment by
DanielDardenon Sep 13, 2023 6:19pm
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Post# 35634918
RE:RE:Mispriced?
RE:RE:Mispriced?incomedreamer11 wrote: Same team?
Drimmer and Co. destroyed all four public-traded REIT ,
you may check it- two Starlight funds, TNT.UN and now NRR.un
How you can trust money them?
If you re-read my post you should realize that I was referring to the NVU team not Drimmer’s. The NVU team has managed most of the portfolio previously and continuity should be welcomed by most tenants. Drimmer likely will allow Mr. Cook the required latitude after the Fund fiasco which is undoubtedly impacting NRR temporarily.
If investors are attaching Starlight’ baggage then the huge discount is explained. However, comparing TNT to NRR is not warranted IMO as financing for apartments is available through CMHC at much better rates. Insofar as trust, I held NVU until the take over and am comfortable with the risk- reward imbalance today to warrant adding on weakness.