RE:RE:RE:Nov 28 total volume 602,632Management should tone down these trivial charades and finally seriously focus on what really matters: performance per unit! grow FFO, AFFO, NOI, Dividentd per unit!
It is that simple. Then no matter what whatever analyst or whoever says, the unit price will tread upwards. Otherwise, it is already 18 months that these metrics have been worsening and each decline has been accompanied by all kind of "stories", that sound good and enticing, but fail to deliver. And then again, the next "story".
Time for the stories is over. From $10.70 before the debacle last June, now the SP is with $6 handle and continue hitting all-time lows every day. And it is the worst performing REIT by a proverbial mile.
It is time for serious action.
If the unit price is really undervalued so significantly to NAV, then everything must be on the table to salvage unit holder value. Every individual asset should be under review, and considered for sale, to realize serious buybacks.
Or the whole REIT should be up for sale.
PGDwhatif wrote: May be I should blame the analysts bring the unit price below $7. National Bank, Royal Bank and BMO. They followed each other by one week to lower the target price to around $8. That were really hurt. Both those analysts were young guys dose not know what is hotel business all about. They just followed the protocol. I rather trust the management than the uninformed analysts. Actually they have more knowledge in property REITs. It was funny the main question in the conference call was so lack of professional.