TSX:SOT.DB - Post by User
Comment by
canadianon Feb 27, 2021 4:08pm
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Post# 32679735
RE:FFO FROM 18 CENTS TO 14 CENTS
RE:FFO FROM 18 CENTS TO 14 CENTSLooking forward, renewal spreads are expected to be strong as the current in-place rent is an estimated 8.8% below market. The REIT's portfolio has maturities throughout 2021 of 4.7% of its portfolio GLA with expiring rents estimated to be 5% below market rents. The REIT is actively managing to execute new or renewed leases and is in renewal discussions with most major tenants with upcoming expiries. The REIT has completed approximately 21,200 square feet of new deals which commence occupancy in 2021.