Parent Capital Corp V.PAR.H

Alternate Symbol(s): V.PAR.UN | PTSRF

Parent Capital Corp. is a Canada-based junior resource company. The Company is engaged in the evaluation, acquisition, exploration and development of international resource properties. The Company is inactive and is engaged in seeking an asset to acquire. The Company does not own any resource properties.

TSXV:PAR.H - Post by User

Parent Capital Corp

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Comment by YieldChaseron Apr 11, 2014 12:15pm

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Post# 22440267

RE:Does this make sense???

6.6% CAP rate is far to aggressive in secondary and especially tertiary locations especially in slow growing regions of Quebec or Ontario. 7.5% CAP rate is more appropriate. As stated here by me a while ago $4.50 is a decent price target, and sub $4 if the NOI per REIT unit does not increase as a further distribution cut of 20-30% is still a distinct possibility due to over distribution. At least McCowan owns almost 20% of the REIT so there is very strong incentive to perform and increase unit price. I would favour distribution cut and aggressive unit buy back to $5.

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