TSXV:SSS.P - Post by User
Comment by
charmed3timeron Aug 12, 2015 12:19pm
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Post# 24011093
RE:Quarter 2
RE:Quarter 2
By 'Ugly' Presumeable you are talking about the payout ratio. Perhaps the payout ratios might seem a little high...
But when you factor in the realised gain and the special distribtion, it's not really that bad...
On June 15, 2015 a special distribution of $459,000 ($0.016 per Unit) was paid to Unitholders related to the $2.4 million net realized gain on the sale of a 75% interest in two properties in April 2015. Including this special distribution, the REIT's AFFO payout ratio would be 83.1% (69.6% including benefit of REIT's DRIP program).