# Barlow’s Research Roundup: TD analyst sees buying opportunity in REITs

Canonical page: https://sequoia-research.com/news/barlow-s-research-roundup-td-analyst-sees-buying-opportunity-in-reits-d8d4dc8b

Author: Sequoia Research
Published: 2026-10-23T12:23:00.741Z
Updated: 2026-10-24T03:43:37.456Z
Original source: [The Globe and Mail](https://www.theglobeandmail.com/investing/markets/inside-the-market/article-barlows-research-roundup-td-analyst-sees-buying-opportunity-in-reits/)
Source published: 2026-10-23T11:30:56.000Z
Type: News
Topics: REITs

The Globe and Mail's research roundup describes TD Cowen analyst Sam Damiani's view that a pullback has created opportunities in Canadian REITs. TD's estimated sector price-to-net-asset-value ratio had fallen to 83%, from a recent year-to-date high of 93%. Those ratios depend on the firm's asset-value estimates, rather than confirmed sale prices for the underlying properties.

The same analysis reduced targets for 22 covered securities by an average of 6% and favored seniors housing and health care. It projected approximately 1.2% third-quarter growth in adjusted funds from operations per unit. The bullish interpretation accompanies lower price targets and remains an analyst forecast, not evidence that the projected earnings growth has occurred.

[Read the original](https://www.theglobeandmail.com/investing/markets/inside-the-market/article-barlows-research-roundup-td-analyst-sees-buying-opportunity-in-reits/)

## Research considerations

REIT news can cover acquisitions, operating results, distributions, capital raising, and liquidity. Publicly traded and nontraded structures can have different reporting and liquidity arrangements. Identify the actual vehicle before comparing an announcement with other investments.

- Which REIT or portfolio is covered, and what period does the announcement describe?
- How do the reported figures relate to debt, operating performance, distribution coverage, and liquidity?

This Sequoia Research summary was prepared with AI assistance from the credited source. It is not independent verification of the source’s claims. The original publisher retains authorship of its reporting; follow the source link for the complete article.

## About Sequoia Research

Sequoia Research, LLC is an independent real estate investment research firm providing analysis of Delaware Statutory Trusts (DSTs), Tenant in Common (TIC) investments, Opportunity Zone Funds, and mineral rights and royalties.

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