TSX:TNT.UN - Post by User
Comment by
flamingogoldon Oct 23, 2023 11:08am
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Post# 35696256
RE:at 15% yield, quesitons must be asked
RE:at 15% yield, quesitons must be askedSentiment for office reits is stongly negative. After a false start, management is likely waiting now for a better signal on when rates will top out before proceeding further on the NCIB.
EstevanOutsider wrote: either 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%.