TSX:NWH.DB.G - Post by User
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ManitobaCanuckon Nov 01, 2022 2:40pm
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Post# 35063992
RE:RE:one of the best deals on the TSX right now
RE:RE:one of the best deals on the TSX right nowGoing to add here ...
The rents are inflation indexed , so additional cash flow will likely cover the increased interest payouts . I
SargeX wrote: My wife & I have held NWH since Oct 2017 so getting to be a longer term holder. I certainly don;t share your optimism. NWH is packing a ton of debt and much of it is at the variable interest rate. I actually wouldn't be surprised if they cut their divy.
We plan on continuing to hold as we are now down to just 2 REITs (down from the 6-10 we held between 2012 and 2019). Of course, that holding plan could change with a 50% divy cut.
Ciao
Sarge
OldBayTrade wrote: Just because shares are down doesn’t mean the company hasn’t been performing. In fact, it continues to boast a 14.1-year average lease agreement. It trades at just 5.2 times earnings, all while maintaining a 97% occupancy rate for its growing portfolio.
But what’s so attractive about this stock right now is that it’s also safe. NorthWest offers that fantastically high yield, but it’s supported by long-term agreements. Furthermore, it would take just 88.4% of its equity to cover all its debts right now. With shares down 22% year-to-date, I’d say it’s the perfect time to pick up and hold this dividend stock.