TSX:AX.PR.E - Post by User
Comment by
perplexed01on Jun 26, 2020 11:18am
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Post# 31195275
RE:Business Update Press Release >>>
RE:Business Update Press Release >>>so unpaid rents averaged about 9% for april to june. using the rough rule of thumb that 50% of rents go to expenses - gross profit is down 18%. seems to be no real improvement but at least it's not getting worse. vacancy rate seems high but also not getting worse.
divy seems safe enough for now.
SP down again to 45% below march highs - seems unduly punished for 18% drop in profit.