TSX:AX.PR.E - Post by User
Comment by
ntcse123on Dec 02, 2020 9:56pm
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Post# 32023764
RE:RE:RE:RE:RE:Slate Office..............
RE:RE:RE:RE:RE:Slate Office..............Looks like 53% payout ratio, Cominar probably punished for the low distribution. Yes as quality gets closer to fair value I think I will be rotating to cheap pandemic affected. The bad real estate will recover a bit later but it will still revert to mean.
Malpeque2 wrote: I own a decent position in Cominar purchased recently. They have announced the "strategic review" back in Sept. 2020. Zach George is a trustee and his FrontFour owns a decent position in Cominar, so he has the incentive to max the values. Office ocupancy for them is 92% ish.
Interest Coverage is 2.45 times. 3mo. ending 9/2020 is $.25c FFO. Nav is $15.56
Debt is 54.4%. Trading about 9 times FFO and 57% of NAV.
Which one is going to "payout" first? Artis, Cominar, or the sleeper........Slate.