Q: Ref : Patrick question on Monday:
“Do you have any thoughts on CUBE? I don’t have a lot of REIT exposure in my portfolio (just a small position in DIR.UN and some ARE at a large loss).”
Since ARE:CA has been a great performer in the last 5 years, I believe he is referring to ARE:US for real estate.
“Do you have any thoughts on CUBE? I don’t have a lot of REIT exposure in my portfolio (just a small position in DIR.UN and some ARE at a large loss).”
Since ARE:CA has been a great performer in the last 5 years, I believe he is referring to ARE:US for real estate.
5i Research Answer:
Thank you; you are right, however the former question did use ARE:CA as the symbol so we went that way. ARE:US is actually down 74% in the past five years. It offers a 6.59% yield but its office exposure has been a drag on performance.