TSX:AX.PR.E - Post by User
Post by
garyreinson Oct 18, 2023 7:35pm
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Post# 35690057
Key metric to look at Q3
Key metric to look at Q3More so than the AFFO, may be the updated "NAV" in light of the strategic review. If they take a outsized write-down to $11-12, I would expect its Manji conceding that is the cap rate he needs to sell the properties now, and any outcome in the ballpark of that is a success.
If the NAV stays around $14-15 then maybe he is not going to get a liquidation outcome, and is content on saying Artis NAV is still great and there's lots of potential future value when the market unfreezes.
Of course this is just speculation. Will be curious to see if reits take writedowns in light of the 5-10 year going up a lot more q3.