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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (153429)9/19/2023 2:13:29 PM
From: Goose94Read Replies (2) of 202143
 
Canadian Apartment Properties REIT (CAR.UN-T) top pick from David Baskin on BNN.ca Market Call Toonie Tuesday September 19th @ 1200ET

CAPREIT is the largest apartment landlord in Canada. CAPREIT’s portfolio historically focuses on older rent-controlled buildings and CAPREIT has been hurt in recent years by strict rent control guidelines, cost inflation, and low moving activity. CAPREIT has shifted its portfolio strategy recently to focus on acquiring newly completed buildings that are not subject to rent control, at prices below replacement cost, which should result in stronger rent growth going forward. With the current housing crisis, CAPREIT will also benefit from looser land-use restrictions by developing its unused space such as parking lots. We think shares are attractively valued at a 20 per cent discount to net asset value. We should see the distribution and the yield rise as the average rents increase.
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