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CIBC Sees Up to 10% Return for REITs

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Canadian real estate investment trusts are going to have a hard time outperforming the broader public market because of investor distaste for retail assets, according to a new investment bank report. CIBC World Markets says Canadian REITs could deliver 0% to 10% total returns in 2018, based on 3% cap-weighted average funds from operations growth and 5% average yields that are mostly flat. "It seems likely that 2018 will be another stock pickers...

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