TSX:SOT.DB - Post by User
Post by
apollojeticon Jul 30, 2021 8:53am
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Post# 33631205
Overall Q2 numbers are good
Overall Q2 numbers are goodThe important AFFO payout ratio is up 10% year over year and now 72.5%. Still very good for a REIT. Lots of wiggle room.
AFFO down 12.5% from .16 to .14
Occupency is relatively stable at 83.6%. Should increase in coming months as demand and workers returns.
IMO the dividend is very safe as we move through this pandamic year. Office space should continue to attract more tenants and 60% of their present tenants are government or credit rated.
Steady and consistent performance in what has been a brutal year and a half.