GREY:SIHPF - Post by User
Comment by
Invest120on Aug 02, 2020 10:12pm
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Post# 31356579
RE:RE:RE:Decent quarter
RE:RE:RE:Decent quarterA little puzzled here by your "naive" and "no money" remarks as the management states the contrary in their 2nd quarterly report:
- "we are poised to use our strong balance sheet to take advantage of compelling opportunities to build on the quality of the portfolio headed into the back half of the year"
- "For the three month period ended June 30, 2020, the REIT has disposed of two properties for $47.0 million at a weighted average cap rate of 6.9% on trailing twelve-month NOI. The REIT will seek to reinvest net proceeds into new accretive investment opportunities that will strengthen the quality of the REIT’s portfolio and drive growth in NOI."