Post by
netgenx on Apr 07, 2019 1:48pm
TSX listing
now that RUF.UN has its TSX listing I expect the yield to come down to the 5% rate of other residential REITs such as Artis (AX.UN). This implies a re-rating in share price of about 10% which would put us right around $10/sh.
I trust this will calm the nerves of those setting their hair on fire last August when management rejected the T/O bid.
stay long -
Comment by
netgenx on Apr 08, 2019 4:40pm
yes, I realize that, nor is it holding completely U.S. properties, but it is one of the highest yield REITs on the TSX. As I'm using this as something of a proxy for "undervalued" it suits the context.
Comment by
Dominotia on Apr 08, 2019 4:57pm
i would not use ax as an example--it just cut its dividend in 1/2 and is trying to sell off its less attractive properties. IE its in a bit of a bind. It is not by any means undervalued. Its level of US holdings is reaklly quite small. The only comparable to Ruf is Hom.un the best res reits are nvu.un and iip.un- imho