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-0.00126927958767639 -0.00284626331781995 -0.00461556213700523 -3.84630178083423E-05 -0.00673102811646602 -0.011115812146621 -0.0068079541520827 -0.00892342013154349
Stock impact report

Garry Marr: Canada's REIT sector is shrinking fast. For investors, that might be a good thing [Yahoo! Finance Canada]

Blackstone Inc. (BX) 
Last blackstone inc. earnings: 4/23 06:56 am Check Earnings Report
A $9.4 billion deal, including debt, will see Toronto-based First Capital Real Estate Investment Trust, a retail landlord with about 136 shopping centres in urban areas, be sold to privately held KingSett Capital and Choice Properties REIT. The pair plan to carve up the portfolio. It's the latest REIT takeover in a sector in which stock prices have been battered since the pandemic, with private entities often scooping up assets at a discount. In this case, Canada's largest REIT, Choice Properties , controlled by the Weston family, is in on the deal. The $24.40 per unit offer is a 17 per cent premium to First Capital's 20-day volume-weighted average price and a premium of eight per cent to the REIT's net asset value of $22.57 per unit. But consider the REIT traded at almost $22 before the pandemic for context. One of the ongoing themes in post-pandemic real estate has been that private assets have traded at higher prices than their public counterparts, with many arguing about th Show less Read more
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