Post by
garyreins on Aug 13, 2024 8:03pm
THINK ABOUT WHAT I'M SAYING
No CAD listed reit, whether it was artis signifying they're on track for very healthy debt to gbv, nwh with a completed big strategic review transaction, pmz that raised guidance, Riocan and prv that saw historic leasing spreads... coupled with 10 year falling significantly.... and none of those reits were able to come close to break out of their bottom basement trading range of past year. Remarkable
Comment by
ScroogeMcDuck1 on Aug 13, 2024 8:06pm
I agree, but it could be iminent. Look at NET.un. Up 10% in a few days. At the end of the day there will be a timeframe where people get fomo, as the path is pretty clear with guaranteed rate reductions. Sellers dry up and bad liquidity works in our favour.
Comment by
garyreins on Aug 13, 2024 8:12pm
"guaranteed rate reductions" looks thats what has happened past 2-3 months with inflation coming in a lot beter and unemployment rising, esp in canada. and REITS have no reacted that well, being well BELOW last summer levels (when we just got another hike)