TSX:BTB.DB.H - Post by User
Comment by
daddyMac9on Sep 15, 2020 2:53pm
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Post# 31561237
RE:Payout ratio
RE:Payout ratioNot saying they look good or anything, but this was in the June-20 report:
Decrease in the recurring FFO per unit from ¢9.5 to ¢7.5. This decrease is mainly caused by a provision of bad debt of $1.1 million caused by COVID-19 and a loss of revenues of $0.4 million associated with the Trust’s participation in the CECRA program. Our payout ratio on FFO, had we not encountered these adjustments, would have been 85%;
You're getting paid to wait out these uncertain times...10% plus DRIP after they cut their dividend. July rent was 90% collected. CFO recently purchased a small amount. Occupancy rate is 93% but lease renewals for 2020 look kind of soft. I think a main drag is the new covertible debs have a conversion price in the $3's compared to the $5's on the ones just expiring, so that could cap future stock gains.
So there's the bad, against a stock price that is where it was 5 years ago with potential for divy increase going forward, that is currently yielding 10%.