Here are two picks for post-COVID-19 gains: FirstService Corp. and Colliers International Group Inc.

Article Excerpt

The shares of these two real estate firms have soared from their March 2020 lows on expectations that COVID-19 vaccine programs will let retail stores and offices reopen. Both of these stocks should also gain as property owners transform their buildings to new uses after the pandemic. FIRSTSERVICE CORP. $168 is a buy for aggressive investors. The company (Toronto symbol FSV; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 43.6 million; Market cap: $7.3 billion; Price-to-sales ratio: 2.7; Dividend yield: 0.5%; TSINetwork Rating: Extra Risk; www.firstservice.com) has two main businesses: FirstService Residential (59% of 2019 revenue) provides property management services such as collecting monthly condominium fees and cleaning/maintenance services; and FirstService Brands (41%) offers a wide variety of property management services through several franchised businesses, including Paul Davis Restoration and CertaPro Painters. Despite COVID-19, strong housing markets in Canada and the U.S. continue to spur demand for home-renovation services. Hurricanes have also spurred demand for remediation, restoration and reconstruction services. FirstService’s revenue in the three months ended…

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