TSX:MPCT.DB - Post by User
Comment by
spacegimpon Oct 21, 2023 12:48am
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Post# 35694255
RE:my big concern
RE:my big concernHow long before the income stream is large enough to cover the distribution ? I see they have another 3600 units coming online in the next few years but rising interest costs on that $270 million debt seems like it eats away all the profits. I couldn't find the construction loans listed on the md&a q2 , but assume they must be around $200 million and floating rate ?