TSX:NXR.UN - Post by User
Post by
hawk35on Aug 16, 2021 4:40pm
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Post# 33711700
Short Term Pain coming tomorrow
Short Term Pain coming tomorrow
We have hit the jackpot with the $359 million in new industrial acquisitions. Industrial NOI will now climb to 80% (previous target was 75%). And they are going to put some of their retail holdings up for sale this fall that will truly make this a pure industrial play.
The acquisitions are highly acdretive so I would not be surprised to see a dividend increase once they all close. (since the share price will climb well above the $13.25 target price.)
There will be some short term pain tomorrow. They issued stock at $11.30. We will gap down tomorrow. But this offering will close very quickly since it is one of the best deals available on the market today. Don't sell. Buy more if it gaps down. I'm planning to buy more tomorrow.
This company has access to many off market transactions. It means they don't get involved in competitive bidding for industrial projects that drive up the cost. This is just the beginning. 2022 is looking better and better.