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  5. SRU.UN: Was thinking of adding the following reit into my portfolio after selling BPY. [SmartCentres Real Estate Investment Trust]
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Q: Was thinking of adding the following reit into my portfolio after selling BPY.UN - thoughts?

Asked by ruvim on February 08, 2021
5i Research Answer:

For income, we would consider it OK; there is just not a lot of growth here. Even with a recovery, cash flow per unit is expected to decline in 2021. But it is priced well at 11X cash flow and we would not have real concerns on the distribution.