OTCPK:CSUWF - Post by User
Comment by
autofocus111on May 12, 2017 10:25am
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Post# 26236665
RE:Houston we have a problem
RE:Houston we have a problemCompetitive pressure in sub-metering.
>>>In the second half of 2016, Sub-metering negotiated renewals with four large property management companies representing approximately 21,000 metering units. These properties were either at or near the end of their original contracts and the renewals were completed at lower net revenue per meter point due to competitive pressures. This resulted in a reduction in revenue of approximately $450 in the quarter. The typical term for these renewals is between 10 to 15 years.