Positive
Seeking Alpha
1 month ago
CT REIT: Solid REIT At A Fair Price
CT REIT offers steady, predictable growth, high occupancy, and a strong track record, but faces high tenant concentration with Canadian Tire Corporation. Current valuation appears fair relative to historical averages, peers, and NAV, especially considering today's higher interest rate environment. Expected returns are in the high single digits, driven by a 6% yield, modest rent growth, and manageable refinancing headwinds.