TSX:TNT.UN - Post by User
Post by
EstevanOutsideron Oct 23, 2023 9:45am
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Post# 35696025
at 15% yield, quesitons must be asked
at 15% yield, quesitons must be askedeither to ourselves or management. i realize occupancy is stable and leasing has been strong but not doing a buyback here with a ridiculous yield like that getting no respect by the market raises questions. if the yield is getting no respect, the equtiy is too expensive not to buyback. if that isn't that the case perhaps we are the fools and the market is smelling out a worthless reit.
i dont think this is worthless which is why i added. it's less than $200 sqft overall with a respected hand at the wheel. but my mind is uneasy with the size of the yield and the management team who is no longer buying back with the unit price plunging to 15%.