Parent Capital Corp V.PAR.H

RE:RE:RE:RE:RE:Target’s struggle to sell stores exposes Canada’s weak retai

[YieldChaser]

Same store NOI year-over-year is a critical # to watch. It was falling the lest few quarters.

To attract or even retain tenants landlords have to invest into asset improvements (paved paring lot, new lighting, new fassades, paint, improved signage ..) .. some of this is paid by tenants and some by landlord. These expenses are often capitalized and do not show up in NOI, but in the cash-flow statements. Much deferred maintenance costs here across par.un assets.

Having analyzed the debenture universe in Canada par.un has one of teh highest yields, which is a function of risk. Why woudl most debentures yiled 4-6% incl. discount but par.un.a/b/c yield 11-13% ? Because teh risk of non-payment i.e. bankruptcy is not nil. Even I do not believe they will go bankrupt, and that is why I bought these debentures which a far betetr yield than par.un with a likely NAV decline.