TSX:ERE.UN - Post Discussion
Post by
retiredcf on Nov 14, 2021 4:37pm
Another View
Price/cash flow is the best valuation metric (FFO is same as cash flow per unit). On that basis, vs peers, ERE is not that cheap at 28X cash flow. But it does have higher growth. It is growing nicely with acquisitions and occupancy is high. Payout ratio is 80% which allows some room for higher distributions but perhaps not in the short term. Its size adds a bit of risk but otherwise it looks pretty good.
So said the team at 5iResearch. GLTA
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