TSX:REI.UN - Post by User
Comment by
CANCDNon Nov 02, 2020 2:57pm
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Post# 31824025
RE:RE:RE:RE:RE:Deal of a Lifetime REI
RE:RE:RE:RE:RE:Deal of a Lifetime REI
Covidruinedme wrote: so lets make some assumption, Pre covid FFO was 1.87, lets assume they increase 20 million SF in 5 years which is half of 40 million in 10 year timeline.
lets simplifiy everything. lets say the FFO goes up by 50% to $2.1
the manamgement says they want the pay out ratio to be under 80% if i recall correction. so lets assume 80%
with no buy back that results in 0.175 per share per month. so not 20 , but Ill take it.
Im too lazy to re read the report again... I thought it was 5, but I could be wrong. Regardless, ill take .17.
Whats pissing me off is I am getting pathetic responses from RioCan about Queens and Ashbridge and Lincoln Fields in Ottawa and why it isnt being reported.
Quees and Ashbridge is currently taking deposits, yet IR says it doesnt meet A/B/C guidelines from page 49. WTF? They have permits for it.. It should be listed on their showing the 16k of commerical space on queen st along with the inventory gain and rental units.
Lincoln Fields is being demolished as we speak (literally) to develop the old mall and yet it also isnt listed in the quarterly report. Somoene isnt doing thier job at RioCan and Im not impressed!
If anyone else is concerned, you should call RioCan IR.