TSX:SOT.DB - Post by User
Post by
Princeps979on Mar 11, 2019 10:37am
159 Views
Post# 29467569
Interesting their Portfolio yields a cap rate average of 6.1
Interesting their Portfolio yields a cap rate average of 6.1Therefore take NOI .60/.061 = $9.83
Yeah I know how could this be? well markets run on technicals, earnings growth,
try buying real estate with a cap rate 6.1% in Canada
Sold properties above IFRS in several transactions in 2018/2019
take only value of real estate on balamce sheet (which is booked at cost) do not add any other assets MINUS all liabilities every liability DIVIDE by dilluted shares o/s = $7.00 share
started small position and I am adding slowly, let they market sell you real estate at a discount
I have started 1/4 position
They can easily get occupancy up and they do have 1.2% increase in occupancy for 2019 already in pipeline so we shall see
I still think the BOC will cut rates Q4 2019 which will boast all REITS no GDP growth no inflation
GLTA