Q: Is there any reason for the recent drop in CAR.UN and is it still worth holding for longer term?
5i Research Answer:
In the Q3, cash flow per unit did miss estimates. However, we think the recent drop is more related to the uptick in market interest rates and the new rules about Canadian immigration. Canada's population may decline now into 2027, and this has seen many residential REITs decline on this concern. We would still consider it the best in the sector and worth holding.