TSX:IIP.UN - Post Discussion
Post by
jonathanS on Sep 19, 2022 12:10pm
high-quality REIT
At roughly $12.50 a share, InterRent is trading more than 30% off its highs. That’s not all, though. The stock is now trading at just 0.8 times its estimated net asset value (NAV) compared to roughly 1.1 times its estimated NAV at the beginning of the year.
Higher interest rates are indeed impacting the real estate market. However, with vacancy rates already ultra-low, immigration picking back up and students returning to post-secondary schools this fall, there is little downside risk left with these stocks.
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