TSX:IIP.UN - Post by User
Post by
Panic54321on Nov 11, 2024 3:06pm
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Post# 36307075
5 year low ……
5 year low …… I consider this a very unjustified five-year low.... this is now lower than the low in Covid times.. highest interest rate times...
I understand it might have some impact from lower immigration..
now that rates have already come down and are likely to come down more...
personally, not a fan of management after listening to the conference call not that I think they're doing a terrible job, but when the stock price is low, they really need to pull the trigger on buybacks not wait for asset sales....
so now we have to get through ( tax loss selling season ) and then this will bounce off its five year low...
L
this sector has outperformed for a long time until this last five years the entire sector for the most part has been in the doghouse... A lot of apartment rates have a much higher asset value than their current trading price.. patience has been a tough road for this sector....