Post by
garyreins on Aug 22, 2024 2:57pm
36m acquisition
Wild man. 6.7% cap rate. Why not just use the for ncib.... implied 10% based on trading price. Don't get it
Comment by
canadian on Aug 22, 2024 6:21pm
Partially agree with you but their goal is to become 100% industrial reit. Also as interest rates fall, they might not be able to buy the property at this price. It could be a lot higher. I believe once BoC cuts interest rates to 3%,, some reits will start share buybacks