Inovalis Real Estate Investment Trust T.INO.UN

AGM

[Holden22]

Only 2 shareholders attended the AGM on a stock that has lost 70% of its value in 12 months. Management shrugged their shoulders and said the market was difficult. No reason to be excited about this one. Here is hoping they sell some buildings by the end of June and the market responses positively to that development.

[flamingogold]

The sector is out of favour so not surprised to hear of no interest. Just like residential real estate this Spring which started with a promising pop with multiple bidding wars again in late January on the hopes of rate cuts by March, then fizzled out by April when no cuts landed. Property ownership is debt heavy and majorly affected by the direction of rates. The ECB will likely cut this summer

[SIGG1]

Flamingo, have you read the latest letter to unitholders?  This sounds more positive than the previous ones, do you agree?

[flamingogold]

It doesn't matter at this point, the shorts can push it down based on lack of buyers. Just as mentioned how the AGM failed to attract investors in attendance, it's a sign there is little to no buying interest. Unfortunately without buying support I see this breaking below $1 and likely testing the all-time low again. Short term catalyst would be a pivot by the ECB from their holding

[flamingogold]

Just to add how terribly viewed the sector is one just needs to look at MRT.UN. I have owned that one for over 2 years. My average is at breakeven but with distributions I am in the green. It is a stock that has a combined 80% ownership between it's CEO, parent company MRC plus a +10% investor. The stock is still paying a distribtuion (had two cuts early on during covid). Yet, despite all