Post by
SNAKEYBOY on Aug 23, 2023 10:07am
The difference
Between artis and hr discount is HR is going to be a reit forever. Artis is looking to cash in on all or most of their assets in the near future. Artis should be trading at a premium to sector. The market simply does not believe.. betting against management once again!
Comment by
Reece1986b on Aug 23, 2023 10:37am
Bond yields are down today in U.S./Canada and we are seeing one of our best across the board Canadian REIT rallies in a while with most Canadian REITs up 1%+ on the day and actually outperforming the S&P 500 on the day so far. Like others have said before me, we need to see these bond yields come down if we want to see REITs perform better. Hopefully not too much longer to wait.
Comment by
SNAKEYBOY on Aug 23, 2023 11:33am
REITS have been down for 8 days in a row and 4 weeks in a row....nothing to ccelebrate with this "dead cat" bounce
Comment by
SNAKEYBOY on Aug 23, 2023 3:35pm
Well, then jobs data and CPI come in strong and we head south again. Thats been the story for past 16 month
Comment by
jmkOttawa on Aug 23, 2023 3:51pm
And when the cutting begins REITs will respond more quickly than expected....
Comment by
Frankie10 on Aug 23, 2023 10:34pm
Artis will benefit more than any other Canadian REIT - exactly how much will Artis' value increase upon cuts - Artis has 25% of variable/unhedged debt, therefore: (rate cut in % terms x 25% of total debt x a reasonable AFFO multiple) / common units outstanding ...red panty night for everyone on this board the day rates cut. Paid to wait until that day comes.
Comment by
SNAKEYBOY on Aug 23, 2023 11:33pm
Yeah cutting 0.25 from 5.5- 6% isnt exacttly bullish. A real lower rate environment will come on the FEAR trade where central bankers are forced to cut aggressively- i.e. FINANCIAL CRISIS, COVID19. Their gesture cut or two is the economy really stalls wont do much. Thats their goal