*BULLISH* 6.5% breakout to $61.90 target by New Years *full disclosure* I have a 28,000 CHF long position in RET*
Retail Estates is an underappreciated European retail REIT that is primed for a substantial technical breakout this December. Please take the time to look over the technical analysis, which is purposefully decluttered to provide a utilitarian analysis of the overall forecasted direction of the share price.
The fundamental analysis is far more appetizing since the REIT is likely to be a pillar in my portfolio, similar to how SGRO was over the last 5 years. Similar to SGRO that focused on commercial real estate on the periphery of town, RET does the same for retail outlets, except instead of encompassing the UK and pan-Europe, they specialize in Belgium and the Netherlands.
As COVID-19 vaccines are set to roll out across Europe, the smaller countries are likely to be more efficient in distribution than the larger ones. Furthermore, Belgium is home to the ECB and the Netherlands is home to the International Justice Court, and with Brexit underway, these are two highly English proficient, international countries that are likely to benefit from a "no deal".
Work culture is ultimately shifting to stay-at-home, but the office in the center of town will remain a cornerstone of any business. RET's retail outlets are perfectly suited to take advantage of this new trend as more people live on the periphery of towns and make trips into town on a ad hoc basis. All in all, given the technical and fundamental analysis, I am bullish on the stock.
Thank you for reading and considering my analysis.
Yours Sincerely,
Turner Capital Management
