TSX:NXR.UN - Post by User
Comment by
Defiance2050on Nov 22, 2021 3:17pm
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Post# 34154122
RE:NXR Being Punished ?
RE:NXR Being Punished ?duplex5696 wrote: Historically investors have tended to punish income trusts that fill their coffers by going too often to the (discounted ) subscription market. NXR has lost almost a dollar in share price as they have pushed another new subscription following their recent and previous subscription in August. They would have been better served by issuing debentures or some other form of commercial paper.The real question becomes "Are they really serving their Unitholders or just simply using them" ?
Unless you are day trading or short term options it is a short term share price issue. From Augusts low 11 issue price the SP went up roughly 15% in 3 months.
A small cap that was listed under a year ago having a 5% discount is unheard of. There may not yet be a market for notes and mortgages can take a while to setup with a cap on leverage.
Nexus continues to acquire industrial assets and gradually plans on reducing the percentage of retail and office holdings.