An interesting one Listened to the conference call. They are juggling a lot of balls but this one has some legs IMO.
Called out $70 million in forecast profit from Transit Towers over the next year, or in excess of 0.40 per share in incremental FFO. Have collected 85 percent of July and once CECrA payments come in and deferred payments are repaid expect 91-92 percent of q2 rent and 94-96 percent of July rent to have been paid.
For better or worse , density in the GTA will only get worse and their mixed development centres do fit nicely here.
very adamant on call that management thought distribution was sustainable.
for the patient souls, and in an environment of continued low rates, 2-3 return could surprise IMO.
good luck...