TSX:BTB.DB.H - Post by User
Comment by
apollojeticon Mar 22, 2022 10:18am
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Post# 34534179
RE:Not a big deal
RE:Not a big dealKeep in mind that the safe dividend was reduced about 30% two years ago. So based on that it should be much safer now going forward. But that reduction was an eye opener as to the strength of the reit and it's cash flows during an unprecedented crisis. The share price has not recovered from that, but if you have been adding along the way at lower prices as I have you've done fine.
Will we get back to $5.00 again. It's possible but with interest rates on the rise it may be a tall order for this year.
So for now, in a rising rate scenario the great yield is a good buffer. We just have to keep an eye on upcoming debt maturities and as they but new properties interest rates will be higher.