News Snapshot:
Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow Scotiabank REIT analyst Mario Saric is bullish on apartment REITs, “We think Apartment REITs can standout in 2023. CAD Apartment REITs are up 10 per cent year-to-date vs. 7 per cent for CAD REITs and 3 per cent for U.S. Apartment REITs, recovering some 2022 weakness (down 22 per cent vs. down 16 per cent vs. down 34 per cent). We think one driver = accelerating market rent growth vs. decelerating U.S. growth. Our 2023E AFFOPU [adjusted funds from operations per unit] = 116 per...
