TSX:TNT.UN - Post by User
Comment by
EstevanOutsideron Oct 30, 2023 2:57pm
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Post# 35707786
RE:RE:RE:20% dividend is not enough to entice some buyers
RE:RE:RE:20% dividend is not enough to entice some buyersnormally i would agree with that statement but i don't here given the unsual circumstances. a 20% distribution has to be reconciled with. the reit was killed on matt kornack's downgrade. they need to confront the points in the article and calm market jitters asap. i myself was not expected a distribtion cut which means most other investors probably aren't; however, those who might buy in and are refraining to likely expect a cut given the whacky yield. i honestly never seen 20% yield before. imho tnt reit yield is safe in the near and likely medium term if the worst is behind in rates and they fall by 2025 with stablized and slight improved noi with a couple asset dispositions as they'are doing.......