TSX:SOT.DB - Post by User
Comment by
CanSiamCypon May 13, 2021 5:03pm
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Post# 33197119
RE:Conference call highlights
RE:Conference call highlightsThks Herman! For Dream Industrial the move to Europe has been transformational ! They moved all the debt onto the European properties at 1% in Euro debt and removed all the debt on thei NA properties - a huge gain! I doubt these SOT.UN numb nu ts will do anything to benefit us! The management is analogous to the Turdo Lie-berals - everything is calculated for their sleazy benefit - not for the commoner on the street! Cheers!
HermannHaller wrote: There seemed to be two key areas of focus, rate growth and acquisitions:
- with the big lease renewed in April, analysts were asking a lot about the rate. Mgmt wouldn't reveal details but said uplift of over 13% on new leases since last year would be better in Q2 (implying they are getting a nice lift on this big property)
- mgmt seemed to surprise analysts by saying they would like to do a transformative acquisition, maybe in Europe. At first this sounds far fetched, but they explained Slate has a team in Europe already working on deals, could involve office properties. Must be accretive.
I don't know, maybe 'transformative' is what this company needs? I will keep collecting my 9% until they come up with something.