RE:RE:RE:RE:RE:RE:IS RIVERLANDING REFLECT IN THE...Totally agree. This reit at .69 cents per year dividend is equal to 11.5% before the cut when it was $1.38. They will put the dividend back in time, so I am putting more money in HR right now as I dont mind waiting for a 60%+ increase in the stock price and a dividend that will go back over $1 in time. I think this is the most undervalued Reit you can buy on the TSX right now.
RetiredCEO wrote: Buybacks are coming. Well over 1B in immediately available liquidity, River Landing development paid for, and 3.5B in unencumbered assets. FFO going forward from all these new developments as well as reopening will be impressive.
Spending 500M in buybacks will have immediate FFO/unit improvements.
Vaccines are here. We all know Q2/Q3 will be the start of reopenings and the last chance to buy back at these prices.
Relax and enjoy the ride.
thenewsnake wrote:
Yeah, ONITIV is paying rent for 17 years...crazy. They should offload the BOW and do a massive NCIB. Unit price will snap back to $20 fast