TSX:INO.UN - Post by User
Post by
ScroogeMcDuck1on Jun 14, 2023 12:36am
265 Views
Post# 35495196
Digging into this reit
Digging into this reit On the website 2 of their France properties are stated as being worth almost 100 million each. This stock has something like 33 million shares at 3.3$ apiece, meaning that with 50% debt the entire reit is publicly valued at the price of only 2 properties. Seems crazy. They state the nav is 8.66$
The dividend is what I am most curious about. A seeking alpha article states its still poised for a cut. The most recent earnings states 76payout ratio, but I am wondering what the following means and if its expected to be constant going forward."The FFO payout ratio was 75.8%, in line with our internal forecast but increased by finance income from Courbevoie and Metropolitain swap contracts termination."
what does this last bit indicate?