TSX:MRT.DB.A - Post by User
Comment by
HermannHalleron Feb 18, 2021 7:39pm
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Post# 32605593
RE:RE:RE:RE:Earnings Call Transcript Feb 18 2021
RE:RE:RE:RE:Earnings Call Transcript Feb 18 2021I think Sahi played up the risks a bit to justify the big distribution cut. In the Q4 report, they breakdown the mortgage maturities by year, and the amount of leverage on those properties. Those maturing in 2021 have only 38.9% debt relative to fair value, which is pretty low and suggests no problem rolling the mortgages. Later years is much higher, but I presume it will be a whole new situation post covid.
They also spoke positively about the mall in Prince George, which has not been under lockdown. Traffic in this mall is running at 90%. This to me is what all the malls could look like by the fall, which would improve the outlook significantly.