TSX:NXR.UN - Post Discussion
Post by
retiredcf on Jun 01, 2022 6:53am
Gardner
Second stock in the clip; he and his family also own it personally.
https://www.bnnbloomberg.ca/video/paul-gardner-s-top-picks~2453733
It was kind of a strange show as he
hasn't been on BNN for over a year and at that time, he was primarily a REIT specialist. But he has now gone off most REITs (other than NXR) as he thinks we're already in a recession. As an example, one of his top picks was ARX and he never looked at energy in the past. His comments were generally negative for all the companies he used to recommend including CAR.UN, HOM.UN, DIR.UN, AP.UN and TCN. GLTA Nexus Industrial REIT (NXR.UN TSX)
Nexus Industrial REIT is an industrial pure-play REIT. Avenue is still very bullish towards the specific sector of industrial REITs. There are a few investments one can make in the Industrial REIT spot. But at a valuation of only 15x AFFO (2023), there is an opportunity for this REIT to outperform other REITs. As well they have an “inside track” to purchase more industrial land from a relationship they have with a large private holder of industrial properties. The company is well diversified.
Be the first to comment on this post