TSX:TNT.UN - Post by User
Comment by
EstevanOutsideron Nov 13, 2023 9:47pm
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Post# 35733420
RE:Operating Results
RE:Operating Resultsthe high occupancy is impressive. i know from my own research they re-leased the alberta expiration with 0.2 months left to a new tenant. 93% occupancy is impressive. the financing rates they are getting are also good and in-line with what dream office got for their best in class properties.
it's a waiting game now unfortunately. the sell off has provided them with a rare opportunity to max out unit holder value at historically low valuations. artis is doing it with NCIB via asset sales. seems TNT's nature with Starlight prefers they continue keeping existing asset cashflow to benefit parent company rather than liquidate entire reit in a single event for unitholders.
think tomorrow the reaction more likely negative than positive as this doesnt' have many sophisticated investors and many were pureplay income seekers. i am too holding for that purpose but i understand the ridiculous nature of a 20% yield. you have to buyback if you are viable company, which TNT is.