Parkit Enterprise, the Real Estate sector company, was revisited by a Wall Street analyst today. Analyst Mark Rothschild from Canaccord Genuity maintained a Buy rating on the stock and has a C$0.70 price target.
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Mark Rothschild has given his Buy rating due to a combination of factors that highlight Parkit Enterprise’s promising growth prospects and strategic positioning. The company has demonstrated strong internal growth, driven by robust leasing spreads and improved occupancy rates, which have contributed to an increase in funds from operations (FFO) per share. Additionally, Parkit’s strategic sale of industrial assets to Pro REIT, along with its acquisition of a significant stake in the REIT, suggests potential for future asset sales and collaborations, further enhancing its growth trajectory.
Furthermore, Parkit’s financial forecasts indicate a positive outlook, with expected FFO per share growth of 47% in 2025 and 27% in 2026, supported by healthy SPNOI growth. The company’s shares are trading at a discount to its net asset value (NAV), offering an attractive investment opportunity. Rothschild’s valuation approach, using a cap rate of 6.0%, results in a target price of $0.70 per share, reinforcing the Buy recommendation as Parkit is well-positioned to capitalize on market opportunities and deliver shareholder value.