TSX:PMZ.UN - Post by User
Comment by
Mephistopheles3on Jul 15, 2022 9:52am
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Post# 34826724
RE:SERIOUS QUESTION
RE:SERIOUS QUESTIONLet me flip the question to you - instead of a GIC which earns 4-4.5% per annum, why not if you have a long-term time horizon be invested in a stock with a 6.5% distribution yield (which is even higher if you count share buybacks which I typically do when looking at total shareholder return).
PMZ also has the opportunity to continue increasing their FFO and their overall distribution yield in due time. Likely not this year as their payout is already at the top of their range, but in the future as occupancy improves in the HOOPP properties.
Share prices recover in the long-term - management here is doing everything right, just need to give it time.