Opportunities in Canadian REITs
Real Estate Investment Trusts ("REIT") is one of the worst hit sectors under COVID-19 pandemic. REIT prices not only declined more deeply at the onset of the pandemic, but they also did not fully participate in the V-shaped stock market recovery which started in late-March.
Despite an uptick in prices and valuations lately, there may be pockets of opportunity for diligent investors especially in apartment REITs. Boardwalk REIT (BOWFF) is one such stock that jumps out on relative performance.
Source: Bloomberg
Why is Boardwalk a compelling value call?
We like Boardwalk