Q: Comments on the recent rally? Is it likely to benefit other reits?
5i Research Answer:
GRT is now up 31% over one year. Jan 14 it announced some asset purchases and dispositions (net acquired $102M) and provided a leasing update. The deals rebalance the portfolio and see the company re-enter the UK. The sector may do better this year with lower rates. These announcements however were company-specific.