TSXV:PAR.H - Post by User
Post by
YieldChaseron Nov 08, 2015 11:23pm
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Post# 24272196
Have we found bottom in November 2015 ? Latest financials up
Have we found bottom in November 2015 ? Latest financials upWith the latest financials showing improved same asset NOI increase by 4%, reduced payout ratio and a sustainable distribution of 25 cents a year PAR.un might have found bottom.
A concern is the over 70% leverage and barely 1.1 total debt coverage ratio ( including debentures ) which will keep this REIT constrained but it appears that we will not slide below $3 but move slowly towards $3.60 or so which will provide a decent 7% yield.
Debenture redemptions will result in more equity issuance thus further dilution.
As to $4 or even $5+ target as per StockPumper, I do not share that enthusiasm, but I think we have found bottom and will linger around $3.50 until further evidence of continued NOI improvement can be evidenced next quarter.