Northview Residential REIT T.NRR.UN

Alternate Symbol(s): NRRUF

Northview Residential REIT is a Canada-based real estate investment trust. The Company is engaged in indirectly acquiring, owning, and operating a portfolio of income-producing rental properties in secondary markets within Canada. Its properties include multi-residential properties, commercial properties, and execusuite properties. Its multi-residential properties include Dawson Townhomes, Ridgeview Apartments, Parkview Apartments, Tuscany Manor, County Squire A and B, Willowbrook Townhomes, Mt. Glacier Apartments, and Springhill Apartments, among others. Its commercial properties include the Franklin Manor Building, Bristol Court Sun Life, Blackstone Federal Building, Mack Travel Building, Shoppers Drug Mart, NWT Commerce Place, and others. Its execusuite properties include Inuvik Capital Suites, Capital Suites, and Iqualit Capital Suites. Its portfolio consists of approximately 14,400 multi-residential suites and 200 execusuites across nine provinces and two territories.

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Northview Residential REIT > New Coverage

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Comment by DanielDardenon Oct 10, 2024 6:30pm

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Post# 36261861

RE:New Coverage

DanielDarden wrote: National Bank has initiated coverage with a $18.50 target recently. More should follow now that REITs are back in favor. As this story gets spread more widely the discount to NAV should shrink considerably. Improving NOI and lower cap rates are a tailwind IMO which should push this higher.

National Bank has now raised their target to $20. Three months ago nobody was covering this so suddenly the tide has turned and more should follow. Q3 likely will show the impact of evacuations due to forest fires so will be an opportunity to add. NAV/u should reach $30 with sp in that vicinity as interest rates ease.

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