Do you guys just make stuff up??
There dispositions of non-core properties is ongoing, they did not sell a block of buildings! The cash flow from the sales has been coming in as individual buildings close.
REIT A units repurchased for cancellation: For the three months ended September 30, 2015, the REIT has purchased for cancellation 1,220,900 REIT A units under the NCIB at an average price of $22.26 per unit and a total cost of approximately $27.2 million (excluding transaction costs). For the nine months ended September 30, 2015, the REIT has purchased for cancellation 3,283,100 REIT A units under the NCIB at an average price of $24.98 per unit and a total cost of approximately $82.0 million (excluding transaction costs). Subsequent to quarter end, we purchased a further 475,000 REIT A units for cancellation under the NCIB at an average price of $21.40 per unit and a total cost of approximately $10.2 million (excluding transaction costs).
Another thing, interest costs will continue to go down for the Reit for the next few years.
Capitalizing on the low interest rate environment: During the quarter, the REIT renewed or refinanced mortgages totalling $118.4 million, representing an interest rate reduction of approximately 125 basis points ("bps") per annum over the mortgages discharged.