True North Commercial REIT T.TNT.UN

RE:Those of you who think we should be paying down debt

[luscar99]

Thank you for your input. I appreciate it. 

"The debt is extremely well covered by property values."

I disagree. TNT's debt metrics aren't the best in the sector. And they've only gotten worse within the last year.

"The idea that we are not thinking long term because we want share buybacks is frankly just foolish".  

I've probably failed to explain it properly. I'm not against the buybacks. I simply think the buybacks should slow down to a much smaller % of trading volume and the AFFO should be rather used for lowering the debt.
That would have the following benefits:
- reduce the urgency to sell buildings
- keep the buyback price low
- lower mortgage interests costs

I think the likelihood of higher for longer interest rates makes my point even more compelling.