When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
SMMCF - WPT Industrial: We See Multiple Expansions For This 5.5%-Yielding REIT
Summit Industrial Income REIT Tr Unit New
Investment Thesis
WPT Industrial (WPTIF) (TSX:WIR.U) owns a portfolio of industrial properties in the United States. The REIT should continue to benefit from strong demand for industrial properties in 2019 thanks to the rise of e-commerce. Therefore, the company should continue to enjoy favorable leasing spreads in the next few years. The temporary decline in AFFO in H1 2019 due to equity issuance and free rent associated with lease extensions has created good opportunity for investors as its share price remains relatively weak compared to its peers. We think investors can take advantage