BTB Real Estate Investment Trust T.BTB.UN

RE:RE:payout ratio up 10% to 87.4 on AFFO

[perplexed01]

i dont know who would short a reit paying such a large distribution as the shorter would have to pay the short divy.  FYI this happens to be my largest LONG holding - longtime long though i did sell off 90% of my position pre-covid when the payout hit 100%.  i bought back even more than my original position average 30% discount when the price crashed and the divy was cut.  my posts about this are on this board and i was ridiculed at at the time - on this board.  but stupid or not it proved to be rewarding.        

2nd quarter ending june 30 they reported affo payout 63.7% so big increase from last quarter is alarming.  this could well be partly explained my new shares but leasing seems to have improved if i read the report correctly.

it's also true affo payout was well over 120% last year so big improvement.  covid is still a wild card.  regardless close watch is required because any further increase in payout will be a problem.  just saw a news report predicting a minimum 5  bank of canada interest rate hikes starting march 2022.  reit investors know how costly this is for reits.  if no serious improvement reported for Q4 (feb '22) i will reduce my position again trying to preserve capital.