Bullboard - Stock Discussion Forum Northview Residential REIT T.NRR.UN

Alternate Symbol(s): NRRUF

Northview Residential REIT is a Canada-based real estate investment trust. The Company is engaged in indirectly acquiring, owning, and operating a portfolio of income-producing rental properties in secondary markets within Canada. Its properties include multi-residential properties, commercial properties, and execusuite properties. Its multi-residential properties include Dawson Townhomes... see more

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Northview Residential REIT > New Coverage

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Post by DanielDarden on Jul 30, 2024 3:20pm

New Coverage

National Bank has initiated coverage with a $18.50 target recently. More should follow now that REITs are back in favor. As this story gets spread more widely the discount to NAV should shrink considerably. Improving NOI and lower cap rates are a tailwind IMO which should push this higher.

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Comment by DanielDarden on Oct 10, 2024 6:30pm

National Bank has now raised their target to $20. Three months ago nobody was covering this so suddenly the tide has turned and more should follow. Q3 likely will show the impact of evacuations due to forest fires so will be an opportunity to add. NAV/u should reach $30 with sp in that vicinity as interest rates ease.

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Northview Residential REIT