TSX:REI.UN - Post by User
Comment by
materialsgirlon Feb 25, 2021 10:01am
133 Views
Post# 32656931
RE:If they don't get the yield up > 7%..
RE:If they don't get the yield up > 7%..Cheadle;
You are barking up a tree and there is nobody there to listen.
Like you, I would prefer an increased payout.
However, they need money in 2021 for development
and they just dropped the monthly distribution by 33%
this month. So. It is almost certain that they will not reverse
that move for at least one year. The BIG reason for the
cut was to retain a high credit rating. With Retail properties
being out of fashion due to the pandemic Credit agencies
are more cautious than normal for obvious reasons.
Therefore. The distribution will not increase in 2021. It is
99% sure.
mat