TSX:AX.PR.E - Post by User
Comment by
Frankie10on Mar 03, 2023 9:40pm
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Post# 35318872
RE:RE:RE:RE:PMZ AND HR TRADE AT ~14.5x AFFO MULTIPLE
RE:RE:RE:RE:PMZ AND HR TRADE AT ~14.5x AFFO MULTIPLEFree cashflow has since deteriorated. The risk of rising rates was heightened at the time due to the % of variable debt and % of debt coming due within a year or two. Using Q4 metrics, I believe the NAV is realistic and the cash flow is relatively sustainable. Using Q4 metrics, at $8-$9 Artis is a good risk adjusted for ME.