TSX:MRT.DB.A - Post by User
Comment by
apollojeticon Oct 28, 2021 9:49am
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Post# 34058189
RE:RE:The reason why this might be a value trap....
RE:RE:The reason why this might be a value trap....Still hard to get excited about a reit that issues very dull quarterly reports with no new initatives to help move the share price up. Give us something. Tell us your plan to turn things around. What are you working on?
Being one of the worst performing reits is not a badge of honor where you play defense for the forseeable future.
A divy raise would at least give some confidence that they believe in the properties and the tenants they have as being stable.
A bump to 4 cents per month would put the payout ratio around 63%, provided of course they don't have more tenant bankruptcies and less income.
Their biggest mistake IMO was reducing the divy a second time. Shows little confidence in your tenant mix.