Cominar Real Estate Investment Trust Unit T.CUF.UN

Primary Symbol: CMLEF

Real Estate REIT - Diversified

Cominar Real Estate Investment Trust is a Canadian REIT involved in the ownership and management of properties throughout the Canadian provinces. Cominar's real estate portfolio comprises a mix of office, retail, and industrial and mixed-use properties. While industrial and mixed-use assets are the most numerous and command the most square footage in the company's portfolio, office and retail locations combined represent the vast majority of the portfolio's total value. Most of Cominar's properties are located in the Greater Quebec City and Montreal areas. The company derives nearly all of its revenue from rental income from its investment properties. The source of this revenue is largely split between Cominar's office and retail locations.

OTCPK:CMLEF - Post by User

Cominar Real Estate Investment Trust Unit

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Comment by slimjim11on Aug 04, 2017 7:07am

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Post# 26546447

RE:RE:RE:RE:Tomorrow's predictions

I think we're headed up. In the quarter, the payout ratio went from 126% to 118%, which is meaningful progress. Once the DRIP non-cash payout is accounted for, the payout ratio in the last quarter was 95%. That's sustainable, and the macroeconomics are working.

Wanting to make faster progress, the company chose to trim the dividend to 9.5 cents and eliminate the DRIP. Now the all-in payout ratio falls to 90%, and 2.75 cents of my cash stays in the company's bank account, for now. But it's still my cash being earned, and I still own it.

And those shareholders who did use the dividend to get more shares through the DRIP now will have to use their dividend to buy shares in the open market.

We're left with a sustainable 9% yield in a company which has been improving their payout ratio in an improving macroeconomic environment. I think we're headed up.

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