Something is amissAs i suspected, thier is some shady dealings going on here.
only collected 35% of rent, yet had 140mill of retail rent collection? last year they had 170 mill of rent collection during same period. thier is a clear lack of transparency here. How do you 'collect' 85% of previous years rent collection, when you reported that you only collected 35% rent?
The payout ratio is now about 200% of FFO!
What is my point? My point here is that I want people to move to stronger reits such as RioCan and SPG