The real estate and REITs sector has been extremely popular among Canadian investors since the financial crisis, not least because they’ve offered competitive cash flow for income-oriented portfolios.
Ms. Ma entitled her year ahead report ‘Something’s Gotta Give’. This refers to a valuation divergence that the analyst believes will be resolved during 2023. The situation is somewhat equivalent to a stock trading cheaply on price to book value but prohibitively expense on price to earnings and price to cash flow. By slashing her REITs price targets and emphasizing the muted outlook for earnings growth, the analyst is suggesting the valuation divergence will be settled in favour of AFFO yield. In other words, unit prices are unlikely to grow significantly.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: calgaryherald - 🏆 64. / 52 Read more »
Source: VancouverSun - 🏆 49. / 61 Read more »