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.

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Cominar Real Estate Investment Trust Unit

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Comment by xbox360on Aug 06, 2017 9:40pm

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Post# 26553001

RE:RE:RE:RE:RE:RE:RE:RE:RE:The problem as correctly identified is management.

DBRS doesn't just change their credit rating one day to restore it the next day. Cominar's performance is at worst. Cominar CEO needs to take it more seriously to restructure the company and not continue to be arrogant to lose all its shareholders.

pjn0987654321 wrote:

wilwal wrote:
True, at least they have a plan. I wonder though that since no unsecured debt comes due until 2019, will this plan put them back to BBB and if not, when will it?

One thing that might help is revenues coming on stream but not paying yet. DBRS being conservative doesn't recognize those until the money is actually coming in. In other words, they are assuming the worst.