Post by
retiredcf on Sep 29, 2024 12:51pm
Assessment
KMP.UN has seen nice momentum recently amid the rate cuts from the Bank of Canada, and it trades at a decent valuation of 11.2X forward earnings. Its balance sheet is decent, and we could see its fundamentals improve as rates continue to decline. For a larger residential REIT, we might prefer CAR.UN, but KMP.UN has demonstrated similar returns over the years. (5iResearch)