TSXV:PAR.H - Post by User
Comment by
YieldChaseron Mar 03, 2015 1:56am
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Post# 23482947
RE:RE:RE:What's this stock really worth? Where's it going?
RE:RE:RE:What's this stock really worth? Where's it going?
Do we know what Shoppers and Walmart are paying ? Often they pay very little as anchor tenants, as little as $1/year.
mob.un has its own thread. The "loss" came from an asset write down. Payout is indeed over 100% but barely. It also yields 10% and has for 2+ years.
PAR.un should yield about 8% and as such the stock should be around $3. For a 9% yield, warranted due to tertiary locations, the stock would be $2.75 and for a 10% yield $2.50.
Current price assume distribution growth. Is this realistic ?
We need to see at least 2 quarters of comparable total rents, same-asset rents, NOI and AFFO to see if dividends (distributions really, not dividends) can be increased or if same asset rent is still falling as it was the last two years.
Book value matters little as long as distributions are sustainable. Are they with PAR.un ?