‘We still think 2024 can be a good year for REITs’, Scotiabank says in providing top picks

News Snapshot:

Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow Scotiabank analyst Mario Saric summarized the findings from the firm’s recent REIT conference, “This year investor (and REIT) focus was very much on the ability to convert SSNOI [same store net operating income] growth into FFOPU [funds from operations per unit] growth … we sense investors are doing work on REITs given significant perceived trading discounts to NAV … We still think 2024 can be a good year for CAD REITs, but some patience is required… lack of investor confidence in NAVPU [net asset value...