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Becker Milk Co Ltd BCKMF


Primary Symbol: T.BEK.B

The Becker Milk Company Limited is a Canada-based company, which is engaged in the ownership and management of retail commercial properties in Ontario, Canada. The Company primarily leases retail stores with a few residential sites. The Company owns and manages approximately 38 commercial properties in various southern Ontario communities. Its properties are single store sites with a few multi-store plazas, including one residential unit above a retail commercial store. The Company has leased to third parties 51 retail units, 36 of which were leased to Mac’s Convenience Stores Inc. operating under their Mac’s Convenience Stores brand (two stores) or their Circle K Stores brand (34 stores). The remaining 15 retail units and one residential unit were leased to other tenants.


TSX:BEK.B - Post by User

Comment by Oneinamillionon Mar 16, 2022 2:24pm
201 Views
Post# 34519286

RE:NR-9months results and dividend

RE:NR-9months results and dividendAs Beckers uses the income approach, as opposed to the sales comparison approach, to value their properties we do not really see the real appreciation in the value of properties that one would expect given the hot market in Ontario. If they used the sales comparison approach I think the valuations would be higher. For this reason, I suspect the company may be undervalued in relation to its net worth. This should be taken into consideration when considering the potential value of shares in the event management decide to sell the properties. All in my humble opinion.
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