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.
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.