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Chris in Canada 🍁's avatar

Great article. I'm all in on the Space: Nexus, H&R, Dream Office, Dream Residential, Dream Unlimited, Northview Residential, Artis to name a few. Small positions in MPCT & MRT for now but I think both of those names might move a lot when they do bust loose. Want to start buying back into Plaza which I discarded given elevated yield and falling payout ratio. Really the space is overly compelling right now. Gotta do something about IIP too... 5.7% implied cap rate is pretty crazy given recent evidence of sales in the lowest of 4s on old buildings.

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Mark's avatar

Hi Koneko - noticed a possible error in the "Canadian REITs Comparison" chart. Slate Grocery is listed as having a 25% discount to NAV but a 9% premium to EV. I don't think it's possible to have both a NAV discount and EV premium, and my calculations seem to imply a 12% discount to EV based on the $14.65 unit price in the chart.

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