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john378 wrote: You presently make about $1 a year in divy's but yet you are down an average of $11 in market value in the last 10 years. You would have made more money if you were parked in a GIC for last decade on top of having both your base capital and gains guaranteed. R to R like that is why I have not done anything more than short term momo trade any REIT since the end of the real estate bubble in 2007. If long term you can not outperform a GIC then you need to take a step back and re-evaluate your investment strategy.
Ten years ago, RioCan was trading at $30, about 20% above its NAV at the time. Anyone buying at that level was clearly overpaying, ignoring basic valuation metrics.
So if your losses stem from that entry point, it’s not the stock that’s at fault, but the decision-making behind the investment.
When investors with limited understanding of REIT fundamentals start loudly writing off a stock, it often signals that we’re nearing a bottom. Historically, that kind of sentiment has been a strong contrarian indicator. Thanks for the bullish upgrade.
