TSX:INO.UN - Post by User
Comment by
stockrook86on Apr 07, 2023 8:23am
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Post# 35384468
RE:Divi 12%
RE:Divi 12% All depends on what happens with Arcueil, the payout ratio if that property is 100% vacant will look awful, probably north of 400%. That being said, it should all be very temporary - the plan is to not lease it is to either sell or JV for refevelopment.
I think the distribution is safe, unless they plan on taking a lot of the redevelopment themselves it should be a very temporary hit to affo. Courbevoire was sold in December and sabiere is in negotiations to be sold so this will free up cash to put into higher noi occupancy properties. The stated plan is to buyout their JV partners.