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Scotiabank Predicts Mixed Earnings for REITs | Markets & Money News
Scotiabank has provided insights into the Canadian real estate investment trusts (REITs) for the third quarter of 2023, predicting mixed results. While the office sector shows potential, with Dream Industrial REIT anticipated to report a 77% increase in recurring funds from operations, other companies like Morguard and Sienna Senior Living may struggle. Scotiabank’s estimates indicate a tougher short-term outlook but signal a stronger recovery in 2024, highlighting the importance of careful
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