TSX:AX.PR.E - Post by User
Post by
garyreinson Feb 24, 2024 10:25am
164 Views
Post# 35897106
THE REALITY OF THE MATTER.
THE REALITY OF THE MATTER.Despite the fact that the narrative with both central banks and the media has distinctly turned into "cuts" this year, with the timing being in question, the REALITY of the matter is that 80% of the reits did not reach their summer highs. In fact, take HR and Riocan for example, they missed by about 8% or so. The ones that did hit it have been rolling over for sometime. Maybe FCR is an exception because of their significant asset sales well above FMV.
I would simply not expect this type of action if cuts were indeed coming in 2024 and the worst of it was behind us.
One by one REITS suspend their dividends- virtually hit all office and can soon spill over to other reits like Melcor, NWH and others.
The dividend wiper outer era we have here.
The way this garbage is trading I would expect the next big move to be down. I hope I am wrong but the charts speak otherwise!