TSX:AX.PR.E - Post by User
Comment by
hroark7on Nov 13, 2024 12:23pm
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Post# 36310526
RE:RE:RE:Set-up
RE:RE:RE:Set-upFrankie10 wrote: Yes, the deep value is in the public market... I can't wait to see what he has cooking.
This is an interesting point, RioCan just had their earnings call yesterday and they said that they sold some properties (including Strada, an apartment plus retail below in Little Italty Toronto near College and Bathurst) and they all sold well above NAV.
The deep value is indeed in the public market REITs. All it takes is one big whale (ie. Blackrock, Brookfield, a pension fund or insurance company) to buy a public REITs and say that and it would bump the whole sector up.
In the meantime I wait for Gary to whine and capitulate. Every time he cries out in pain I nibble a little more.