Canadian Apartment Properties: Crowd Comes Around To Our View
Avis Budget Group(CAR) Seeking Alpha·2024-09-06 01:32
Kaan Uluer/iStock via Getty Images Note: All amounts discussed are in Canadian Dollars. Stock Prices refer to those on the TSX and not the OTC symbol. In May of this year, we switched to a Buy on Canadian Apartment Properties Real Estate Investment Trust (TSX:CAR.UN:CA) (“CAPREIT”) and acquired a chunk of shares. The REIT was hit with the same malaise that infected the entire Canadian sector. But unlike some distressed names, this one had no real issues, apart from a lack of investor patience. That pat ...