TSX:REI.UN - Post by User
Comment by
Covidruinedmeon Oct 22, 2020 8:30am
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Post# 31760883
RE:RE:RE:RE:RE:RE:RE:RE:RE:Distribution is safe
RE:RE:RE:RE:RE:RE:RE:RE:RE:Distribution is safe
yeah but right now debt is cheap and they have 8.9 billion assets to borrow against. The cap rate of retail is around 5%. Nav is at 50% so best investment is actually buy back Issue debt and use unencumbered assets as collateral and repurchase. They don't even need much money since the market cap is so low