TSX:WRK.DB.K - Post by User
Comment by
Jimpossibleon Dec 02, 2009 11:48pm
612 Views
Post# 16548574
RE: RE: white rock reit very stable
RE: RE: white rock reit very stableI'm a bit confused however.
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"Whiterock's 40% equity investment in the office building and 20% equity investment in the distribution centre, net of debt, will total approximately $5.0 million including closing costs"
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5 million equity investment on a 45 million deal. hmmmmm. That means the other 40 million is debt, assumed mortgages or whatever? ............... 40 / 45 is about 89% loan-to-value? That doesn't sound like "deleveraging over time" to me. I must be reading this wrong....
Cheers, Jim