Globe editors have posted this research report with permission of Dundee Capital Markets. This should not be construed as an endorsement of the report's recommendations. For more on The Globe's disclaimers please read here. The following is excerpted from the report:
We remain cautious on the sector; risks remain in terms of interest rates volatility as well as the Canadian economy as a whole. In this environment we focus on 1) strong balance sheets (as defined by low leverage) 2) growth potential without additional capital. Our BUY-rated names which meet these criteria are: Boardwalk (BEI-U), InterRent (IIP-U), Mainstreet Equity (MEQ), Granite (GRT-U) and Allied Properties (AP-U). We also recommend Leisureworld (LW) due to the stability of their cash flows.
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