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BMO analyst’s top picks in industrial REITs

News Snapshot:

Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow Positive returns from industrial REITs have bucked the broader trend of weaker real estate returns. BMO analyst John Kim provides his top related picks in a Wednesday report, “The Industrial REIT sector continues to benefit from visible growth, with sector-leading 2023 estimated SSNOI [same store net operating income] growth of 9.1 per cent, 67-per-cent mark-to-market (PLD/REXR), and 2023 market rental growth projections of 10 per cent plus. While the sector is facing peak supply growth this year (up 3.1 per cent), CoStar expects a steep…

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