Post by
junglejames on May 02, 2022 8:04pm
great Q1 results, but brutal times ahead for REITS
nice numbers delivered today. CC tomorrow hopefully will address managements fews on the impact of rising rates. I have this on DRIP and will hopefully ride out the cycle.
CAR.UN and others took quite a pounding today. Even REITs like CRT.UN which has built in rent increases across a mostly "locked" client (Canadian Tire) pulled back. I guess with 3 year GIC's already offering 4% (EQ Bank for example) we are likely to see a continued flight to that market.
Comment by
jcjohn36 on May 03, 2022 1:59pm
The only bright side I see is that 5 year GIC's not showing a big increase on the 3 year - market saying inflation might have peaked and it won't be higher rates for longer. Time will tell.
Comment by
junglejames on May 04, 2022 7:45am
I agree. I expect central banks to over-shoot on interest rates, and set off a recession, at least among the G7+. More "interesting times" ahead
Comment by
junglejames on May 04, 2022 7:45am
I agree.@ I expect central banks to over-shoot on interest rates, and set off a recession, at least@ among the G7+.@ @More @interesting times@ ahead