PRO Real Estate Investment 8 Convertible Unsecured Subod Debentures T.PRV.DB

Dividend cut necessary

[incomedreamer11]

With AFFO around 100%  they need to sell more properties to pay down 

floating debt and cut distribution to be protected from distressed selling next year.

[incomedreamer11]

From last report: For the three and six month periods ended June 30, 2023 and 2022, there was a shortfall of cash flow from operating activities over distributions paid or payable mainly due to seasonal fluctuations in non-cash working capital, distribution on Class B LP Units that are recorded as a reduction of net income and comprehensive income and non-recurring items. For the three month

[canadian]

You mf. Shop posting lies. I already proved you wrong

[incomedreamer11]

Be careful.Don't catch the falling knife,in this environment low quality REIT with some debt problem will be first victim .They already cut distribution in 2020, never increase it and AFFO always around 100%,but using depreciation of property they can show payout less 100%.Growth using debt and issuing shares now is gone.

[incomedreamer11]

From last TD report  We believe a higher for longer interest rate scenario will focus more attention on balance sheets, and have accordingly adjusted some target prices downward Low quality small REIT with AFFO payout around 100% and elevated debt will need to preserve cash and cut distribution for fortified balance sheet.

[canadian]

Stop posting lies you mf short seller.

[canadian]

Look at their rent renewal increases.  So, our industrial spreads like are in the plus 50%. I think 54% was our industrial spread for the quarter. Alison is just pulling up the retail there. So, strong industrial, retail kind of like above average as well. But I believe it’s 54% The temporary vacancy of a102,000 square foot industrial property in Montreal,which has been fully re-leased with