CIBC analyst offers some top picks in the real estate sector

November 20, 2023

Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow

CIBC analyst Sumayya Syed surveyed the REIT sector and offered some top picks,

“We estimate 2024 FFO [funds from operations]/unit growth to average approximately 3 per cent, led by industrial REITs at 6 per cent, and office REITs trail the group at a 4-per-cent AFFO [adjusted funds from operations] decline.…

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