TSX:SRU.UN - Post by User
Comment by
Frankie10on Jun 07, 2022 11:10am
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Post# 34737016
RE:Potential unit buybacks
RE:Potential unit buybacks Buybacks? With what free cash flow? Honest question. The payout ratio is 80%+, no? Debt financing to repurchase stock?
Full discoloure - I opened a small position here today under at $28.90.
martin020 wrote:
RBCRating: Outperform Price Target: 35.00 Competitive tension building; buybacks possible Our view: Post in line Q1 results, we remain constructive on SRU. As the tug of war between rising rates, elevated inflation, and a potential economic slowdown continues, we see SRU as a good spot forshelter. Indeed, asfundamentals continue to recover, we expect its defensive Walmart anchored portfolio to deliver steady organic growth. As well, its substantial mixed-use development pipeline provides visibility into sources of FFO and NAV upside for yearsto come, while potential unit buybacks could provide some near-term support. Maintaining Outperform, $