TSX:SOT.DB - Post by User
Comment by
LuckyInvestoron Feb 05, 2018 2:24am
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Post# 27501370
RE:RE:RE:RE:Will open at $8.00 similar last bought deal at $8.10 IMO
RE:RE:RE:RE:Will open at $8.00 similar last bought deal at $8.10 IMOLuckyInvestor wrote: Same here. Their portfolio is not too bad although after their acquisition of western canada properties from Cominar I am not so sure. They stated in their mandate that they would hold NO Western Canada properties; this acquisition is kinda going back on their words. But yes their mortgage rate and their AFFO payout ratio of > 100% does scare me.
Especially that their occupancy rate still remains at 85% which means 15% of their properties are not rented.