All values are in CAD unless noted otherwise
Prior to February 2020, a "diversified" REIT bought a smile to every real estate investor's face which outlasted their waking hours well into their dreamy nights. Those were simpler times. Now investors immediately whip out their calculators to discount the office and retail portions of any diversified REIT portfolio. And then discount it again, because you know, for an extra margin of safety. Majority of the previously office going workforce is working from home with no end in sight. Malls have reopened but are not operating at