Post by
materialsgirl on Dec 15, 2020 5:00pm
CIBC has an upside target of $29 too
To get there, they suggest a 3.75% cap rate as compared
to their base case of 4%
$29 also assumes a 2.5% NOI improvement over the base case.
Also a 10% premium over NAV
High 20s is certainly possible within 12 to 15 months.
The floodgates will open to immigrants by August
mat