Barlow’s Research Roundup: Profit review, top picks in REITs from a RBC analyst
RBC Capital Markets analyst Pammi Bir has reviewed the first quarter earnings in the REIT sector, highlighting positive trends in seniors housing, industrial, and retail. The report suggests a constructive outlook for these subsectors, with notable upward revisions to earnings and NAV estimates. Additionally, Scotiabank strategist Hugo Ste-Marie discusses the narrowing of global market leadership, indicating challenges for active managers in the current market environment.
- ▪RBC Capital Markets identifies seniors housing, industrial, and retail as preferred subsectors in the REIT sector.
- ▪Only 36 percent of S&P 500 stocks are outperforming the index year-to-date, reflecting a narrowing market leadership.
- ▪BofA Securities warns of potential market corrections as bond yields rise and investor sentiment shifts.
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ShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountDaily roundup of research and analysis from The Globe and Mail’s market strategist Scott BarlowTop picks in REITSRBC Capital Markets analyst Pammi Bir reviews first quarter earnings in the REIT sector and provides top picks,“Our view: Post better-than-forecast earnings growth, we can’t help but feel more constructive on our preferred subsectors, particularly seniors housing, industrial, and retail. Notably, upward revisions to earnings and NAV estimates were once again the strongest in seniors housing, while firmer tailwinds are also forming in industrial. Retail remains operationally resilient, with some extra juice to NAVs from cap rate compression on the back of recent transactions.
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