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Rate cut a ‘lunch bag letdown’ for REITs, says BMO analyst
Aggregated Source: ChinaLegalBlog.com

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

BMO real estate analyst Michaeil Markidis described the ‘lunch bag letdown’ of the first Bank of Canada rate cut for REITs,

“The S&P/TSX Capped REIT Index was down 1.5% for the week ended June 14, despite a 18bps decline in the 10-year GoC (to 3.28%).…

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