RE:FRIDAYNo one is looking for some magical unicorn. We know there are NAV write ups, and reliable, stable tenant income/FFO. Surprises would be distribution increase (not likely, yet), asset sales, specifically Retail (ECHO or Canada Retail), higher than anticipated NAV increases, SIB, and FASTER than expected growing residential numbers. Residential is the unicorn that can surprise the market.
SNAKEYBOY wrote: My opinion is that no amount of positivity with regards to NAV mark-up, or execution of strategic plan will give this a boost. Only a solid FFO increase beating expectations by a decent margin might help. It's likely to move in pace with the sector.
I hope they provide more clarity on their asset sales because selling retail/office for CA$H is the magic they need to keep funding the NCIB and validate their NAV to the market.
I am really surprised they have not been more reports on the disposition front, especially ECHO reality they could have unloaded. Might be fewer buyers when interest rates spike up