Post by
incomedreamer11 on Jan 17, 2022 4:53pm
From TD Real Estate Conference
Retail Most REITs have yet to see any impact to-date including (and not surprisingly) on January rent collections, although some smaller tenants have initiated requests for assistance.
While outlook commentaries were correspondingly restrained, REIT management teams overall reiterated their optimism for the balance of the year, assuming this current wave subsides as quickly as it came. On supply chain constraints and inflationary pressures, some expressed concern regarding development project timelines and potential yield compression. That said, SRU sees profitability on its Transit City 4&5 condos being at the upper-end of its target range.
SmartCentres' CFO Peter Sweeney said Q4/21 IFRS fair values could see a notable increase related to a handful of sites with redevelopment potential.
RioCan is targeting another retail leasing announcement regarding The Well soon (was 1/3 pre-leased in early 2021).
Primaris' management sees the opportunity to sell assets and repurchase units given their current wide discount to NAVManagement also reiterated that the unit price needs to improve for acquisitions to become a focus.