True North Commercial REIT T.TNT.UN

RE:RE:RE:wont budge a cent

[mjh9413]

For one, the chart shows it can budge +/- many cents!!
However, the DRIP is still, I believe, meaning it is not paying 100% cash each month and the 'cost' of new shares under DRIP is the amount it takes to fund the next distributions. It's a bit of a snakes and ladders game..
One other factor no one mentions here is the amount of fair value assessment in each reporting period, the increase or decrease in appraised values on a portion of the properties. It wil be interesting to see the current qtr's number.
Having LEED prperties should assist tenant retention but will the cost be added rent incentives..maybe even perpetual lower rent contracts...now that would be damaging.
And lastly costs related to maintenance and the INEVITABLE increase in property txes from crunched municipalities.  None can escape the prevailing inflationary nastiness.
However, I'd offest a number of these negatives with Drimmer putting himself back at the helm and maybe we can avoid a reduction in payout AMOUNT.