RE:blue chip merger details this seems like a low single digit earnings multiple no matter the assumptions. i assume vault is mostly mortgages (since the leasing was only founded in 18), so probably brings down the yield on the canadian portfolio, but helps on funding too?
not a fan of related party transactions, but price seems reasonable. they immediately add the earnings, which adds to distributable cash flow. not sure when they reinstate the full div, but this creates potential for it to go above $0.07/month - maybe not immediately, but in 22/23.