TSX:SRU.UN - Post by User
Comment by
gasholeon Jun 08, 2022 9:51am
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Post# 34739816
RE:Potential unit buybacks
RE:Potential unit buybacks There will not be any buybacks.. This low paid RBC analyst is clueless. SRU needs every spare dime it can come up with to move forward with any developements. They just issued new debt in I think class B shares. And the payout ratio is as follows this quarter...............
The Payout Ratio to ACFO(2) for the three months ended March 31, 2022 increased by 3.2% to 96.7% 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, $