TSX:AAR.UN - Post by User
Comment by
mjh9413on Feb 05, 2015 4:23pm
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Post# 23401236
RE:RE:Pure Industrial Real Estate Trust Provides Update on U.S. De
RE:RE:Pure Industrial Real Estate Trust Provides Update on U.S. DeThe change in USD/CAD if PIRET converted most of their equity raise in late June compared to the purchase price of the new US properties is worth about CAD27MM on its own .97 exch rate then vs .81 now. There is o/s USD denominated debt on the deal but the CAD value of the properties if there had not been would make the deal worth CAD40MM to PIRET in terms of CASD equivalent value based on the prurchase price!! Wow! Now with USD income streaming in ...wow again. No answer from company but with 'non-US benefit" statement have to presume the CAD tax side is protected same as CAD basedincome strem tax liability, but still unsure. GL