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Cominar Real Estate Investment Trust Unit T.CUF.UN


Primary Symbol: CMLEF

Real Estate REIT - Diversified
Cominar Real Estate Investment Trust is a Canadian REIT involved in the ownership and management of properties throughout the Canadian provinces. Cominar's real estate portfolio comprises a mix of office, retail, and industrial and mixed-use properties. While industrial and mixed-use assets are the most numerous and command the most square footage in the company's portfolio, office and retail locations combined represent the vast majority of the portfolio's total value. Most of Cominar's properties are located in the Greater Quebec City and Montreal areas. The company derives nearly all of its revenue from rental income from its investment properties. The source of this revenue is largely split between Cominar's office and retail locations.


OTCPK:CMLEF - Post by User

Cominar Real Estate Investment Trust Unit
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Comment by Johnnysbackon May 01, 2017 4:27pm
120 Views
Post# 26188775

RE:RE:Anyone know why?

RE:RE:Anyone know why?Their debt load is around 52% of property values, its really around what most reits are. They have sold some buildings though and this is reducing cash flow, but also lowering the debt. 

They may issue a ton of shares this year though according to this news release.... SUBSEQUENT EVENTS AFTER DECEMBER 31, 2016 
On January 10, 2017, Cominar filed a short form base shelf prospectus allowing it to issue up to $1.0 billion in securities during the 25-month period that this prospectus remains valid.
Read more at https://www.stockhouse.com/news/press-releases/2017/03/09/cominar-completes-its-capital-optimization-program#gMirV7mQFol3zS1I.99
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