The COVID-19 pandemic has inspired sector wide panic selling in multi-residential real estate investment trusts (REITs). Companies such as Boardwalk (TSX: BEI-U), Minto (TSX:MI-U), InterRent (TSX:IIP-U), Canadian Apartment Rentals (TSX:CAR-U), Mainstreet Equity Corp.(TSX:MEQ) and Killam Apartment REIT (TSX:KMP-U) have seen their stock prices severely impacted. The selloff has been exacerbated by investor fear that tenants, as a result of a job loss, will not have the capacity to pay their rents.
Disclaimer: Palos Funds are shareholders of BEI-U.
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