RE:RE:RE:CooperWell said SNAKEYBOY! I hope Cooper considers selling some Toronto properties. I think there might still be a market for something like 655 Bay Street with 99%+ occupancy and 7+ year average leases. Rather than try to sell something unwanted in Western Canada, it would probably be much easier to sell what is regarded as a genuinely good Downtown Toronto office asset which surely will be viewed the same way by others and therefore hopefully find a buyer.
SNAKEYBOY wrote: I dont think DAM/Cooper will or can fully exit their "dream" investments, as managemnt needs to have skin in the game....they were overweight D.UN I believe so in some respect it makes sense perhaps, just the price was too low for me to see it be tempting for them. In any case they got 20 nice downtown properties and $150 million DIR worth and lines of credit.....and a 0.33 book value still. We know what needs to be done....keep reducing that float at all costs, NCIB is probably best for now while plotting more asset sales