RBC - Canadian REITs and REOCs – Q3/21 recap......................
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Canadian REITs and REOCs – Q3/21 recap
Results ahead of forecasts, as recovery continues to unfold
Recommendations: Our Outperform-rated REITs include Allied Properties, Boardwalk, BSR, CAPREIT,
Dream Industrial, European Residential, First Capital, Granite, InterRent, Killam Apartment, Minto
Apartment, and SmartCentres. Also on our roster of Outperform-rated securities is Chartwell
Retirement Residences. For further details, see Exhibits 16 and 17 – "REIT valuation table" on pages
14-16 and “NAV summary” on pages 17-19. While we remain cognizant of potential macro headwinds
ahead and the ongoing pandemic, our sector outlook remains constructive supported by reasonable
valuations, recovering fundamentals, an attractive growth outlook, and strong appetite for real assets.
Q3 results ahead of forecast on another solid earnings rebound...
Link to Rpt: https://tinyurl.com/3ym86vct