True North Commercial REIT T.TNT.UN

RE:Raymond James not impressed

[EstevanOutsider]

i don't think much of it at all. reit analysts just follow the stock trading price and market sentiment.

go back and read their rosy reports into the rate cycle when it was clear to get out.

all reit analysts were optimsitic... 

office is clealry the toughest place to be but tnt is a good reflection of the risk & opportunity. 

new tenants moving in & some old ones still ending leases early/downsizing.

empty buildings give an opportunity to sell well above the implied valuation.

buying back gives opportunity to capture public-private market arbitrage.

in the next couple years we'll see the impact of no / few new builds & supply being removed.

then office will shine again.