TSX:IIP.UN - Post by User
Post by
Panic54321on Dec 11, 2024 11:49am
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Post# 36356772
Is it really that much worse then the ( Covid lows ) ???
Is it really that much worse then the ( Covid lows ) ???
well, even though rents were much lower during the Covid lows than they are today.
By the share price of this particular apartment reit ... ( The answer would be unequivocally ........ yes ))).
Things must be much worse if you calculate the share price today compared to Covid Lowes...
first these reits went down because I have no one being able to pay the rent which never occurred.
then because interest rates rose at the fastest level in decades...
now are again under attack because rates are not coming down fast enough for the market to care that you got 2. 50 points cuts in a row. ( that's fast )
big-time five year lows for this much unloved reit...
also, I'm giving management zero credit in this environment. They should be doing a lot more to buy back as much stock as possible but instead they sit on their hands and let it all just unfold not impressed...
Yes, I understand the rest of the story with immigration and potential tariffs..
this was once considered as safe defence sector.... wow that changed dramatically...
The days will come when this sector is liked again, but wow, am I ever shocked?