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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks

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To: Gordf who wrote (163)2/16/1999 2:12:00 PM
From: Greg Spendjian  Read Replies (2) of 11633
 
To Gordf and others,

Was happy to find this site on SI.

I have also been very surprised to see the persistent weakness in REI.UN, SMU.UN, and HOT.UN.

The monthly payments have been going up (at least for for REI and SMU) on a quarterly basis, but prices have been going down. Go figure.

My only explanation is (a) that investors with deep pockets are staying away because they fear a recession ... depression ... stock market collapse would demolish real estate prices, and/or (b) the fact that the REITs are now having more trouble issuing new units in this kind of market .

What's your view and prognosis for Canadian REITs?

TIA,

Greg
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