April 16, 2019 / 1:28 PM / 7 months ago

BUZZ-Extendicare: Best risk-reward opportunity across Canadian REIT sector - LB Securities

** Yashwant Sankpal of Laurentian Bank Securities initiates coverage on Canadian real estate co with “buy” rating and C$10 price target

** EXE offers the best risk-reward opportunity across Canada’s REIT sector, Sankpal says in a note

** Says market is overlooking stability of EXE’s overall business and cash flow, its liquid, under-levered balance sheet and the discount at which it is trading

** EXE trades at a 32% discount to its $11/shr sum-of-parts value and yields 6.4% despite there being no material business and balance sheet risk - Sankpal

** Up to Monday’s close, stock had risen ~18% this year (Reporting by Debroop Roy in Bengaluru)

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