RE:RE:RE:Potential unit buybacks thanks for the insult, hence the reason I stopped posting on here, too many know it alls.............................. I do know what I am talking about and WALMART is paying too cheap of rents.. but they do need each other, of course they do........ you are a "lawyer" that has seen SRU leases, umm OK... so you claim.... Even small increases will help the bottom line.. Have you looked at inflation? In coming quarters I hope they can still maintain the dividend, costs to build are through the roof and with expanding cap rates with interest increase, they are going to be receiving less income from sold properties, they may only break even or have to sell at a loss.. They are not going to be able to keep ALL their properties they are building and then take months and months to get rented... thats just going to add substantial debt at high rates...... the sales of condo units is where its at for SRU, REI is doing the same thing, but the profits on those is about to evaporate..Maybe you missed that part.
Also the shares are on sale? How about the 2% or more in rate increases still yet to go up... Might affect things a wee bit more..
I think the shares get to $20 to $22 range, then its time to buy.
microcaphobby wrote: The anchor tenants always pay much less per Square foot then the smaler tenants.That is real estate commerical rents 101.
I am certain there is a rent increase in the walmarts leases of a % certain percent per year. I know beecause I am a real estate lawyer and I have seen their leases.
Actually Smart Centre "has" walmart as much as walmart has smartcentres. Unless walmart decides to leave Canada altogether, there s no palce for them to go. Smart Centres has the prime real estate.
To summarize, you don't know what you are talking about.
Shares on sale today. Let's see if Mitch Goldhar buys.