TSX:NWH.DB.G - Post by User
Post by
SNAKEYBOYon Jul 11, 2023 4:27pm
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Post# 35536256
Like I said before
Like I said beforeThe cap rate used to determine their NAV is 5%....that would be ok if they had 5 year mortgages at 3-4%. With huge floating debt thats over 7% and maybe as high as 10%, the properties need to go. Its not ideal circumstance given they have management fees and want a big footprint in the space, but it needs to be done. Or else the business model falls apart.