TSX:AX.PR.E - Post by User
Post by
EstevanOutsideron Feb 29, 2024 8:48pm
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Post# 35908105
Cominar qoq results came out, summary
Cominar qoq results came out, summarySold 8 properties:
6x office & mixed use
2x retail
square footage of sale: 293,000
Other:
interest coverage ratio q4 2023: 1.8x (covenant is 1.65x minimum)
$25 million paid to IRIS in December
fair value reassess of entire portfolio
debt ratio: 47.7%
$2.09 billion of assets
$1.076 billion of liabiltiies
* During year ended December 31, 2023, Cominar used the property dispositions net proceeds, a portion of the 2023 Credit Facilities and cash on hand to declare and pay $206.0 million in cash distributions to IRIS.
89.7% occupancy (flat q-o-q)
$133 NOI for 2024