Q: Your thoughts on this undervalued company and if you feel there's a recovery in the next year?
Thnx for your input!
Dave
Thnx for your input!
Dave
5i Research Answer:
CAR.UN has been trading at a significant discount to book value in recent years. The company is trading at a Price/Book of 0.7x, while its apartment portfolio is expected to generate stable income for the foreseeable future. CAR.UN has been aggressively repurchasing its units in recent years to narrow the gap between Net Asset Value (NAV) and share price. Most real estate asset classes may see near-term tailwinds due to declining interest rates, which could potentially increase property values. We think CAR.UN’s risk/reward profile looks decent here as rates move lower. Here are some other recent comments.