Strata Investment Holdings PLC T.SRT.UN

RE:RE:RE:RE:Free Fall

[logicandinertia]

The recent deal just added 6.5 percent to the square footage, with the associated rent stream.   I suppose the dividend depends on how long rent collection remains at 90 percent, given recent scale back of reopen in many states.  Not sure if the cibc projections include most recent deal.    Even a modest cut to the dividend would still leave a double digit yield and share price is well below NAV (unless value is permanently impaired).   A tough one - illiquid and pretty much forgotten about REIT with a management structure not liked by investors.   But I don't mind picking away at this one and a few other REITs and just collect a cumulative high single digit dividend yield for the income tranche of my portfolio for the time being, given most are backed by hard assets with sustaining value.  With lots of liquidity still out there, persistent undervaluation could lead to M&A across the REIT space.  But I reserve the right to be proven wrong :).   Good luck.