TSX:SRU.UN - Post by User
Comment by
gasholeon Jun 08, 2022 9:57am
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Post# 34739855
RE:Potential unit buybacks
RE:Potential unit buybacks And another comment - Walmart has them by the short and curlys. there will be NO organic growth from Walmart rents, thats a joke. Walmart is not going to take any increases in rent from SRU when inflation is 8 or 9%. SRU needs rent increases from Walmart in a BIG way, Walmart has roughly 50% of rental space of SRU properties, and pays roughtly 25% of rents. Thats a joke, and you can see that based on this SRU is getting screwed over by Walmart. That analyst saying organic growth from Walmart is a freaking joke. and then the buyback comment lol... That guy is brain dead.
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, $