RE:RE:RE:OUCHLiterally what I did... and no, I would like like to see management send a clear signal that the trust is worth significantly more than what the market is valuing it at... we obviously are not going to get that signal. I imagine proceeds from property sales that were expected to fund developments have been paused and the unit buyback budget is now being reallocated. Insane how much this has underperformed Canadian REITs with no US exposure as the USD explodes upwards. REITs seem to be trading off yield rather than fundamentals. Look at the yields for HR, PMZ and Riocan converge. It's like children are allocating capital and looking at a single variable (yiele) when pulling triggers. Buying this dip has been glorious - time to focus on staying liquid!
JMOttawa wrote: Not surprising they want to conserve cash. In fact very astute. Nobody has the crystal ball, and if we did- would have sold all the REITS in April and bought back now ;).
Hindsight is 20/20