Opinions
The Panic-Proof Portfolio (Stockchase Research)
CI Global REIT Private Pool ETF
CGRE-T
COMMENT
Feb 18, 2025
Stock price when the opinion was issued
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CGRE holds 64% of its real estate holdings in the US, the rest is split between Canada and internationally -- adding some global diversification. We like that its holdings are not concentrated in only two-three assets. It trades at 1.4x book value with an average PE of 24. REITs are a good way to diversify your portfolio. The space has been under pressure for a while due to interest rate volatility, but with rate cuts anticipated going forward this is a good time to enter. We recommend setting a stop-loss at $17.50, looking to achieve $25.00 -- upside potential of 18%. Yield 5.18%
A unique REIT that offers global diversification and trades at just over book value and holds a portfolio of assets averaging a PE of 24. We continue to recommend a tight stop at $19.50, looking to achieve $24.50 -- upside potential of 18%. Yield 5.1%
We reiterate CGRE, a REIT holding 64% of its real estate holdings in the US (the rest is split between Canada and internationally), as a TOP PICK. We like the global diversification and that its holdings are broadly based. It trades at 1.4x book value with an average PE of 24. REITs are a good way to diversify your portfolio. The space has been under pressure for a while due to interest rate volatility, but with rate cuts anticipated going forward this is a good time to enter. We recommend up the stop (from $17.50) to $19.50, looking to achieve $25.50 -- upside potential of 18%. Yield 4.8%