RE:Regarding Debt, AFFO etc, Listen to 2023 AGMJust to clarify my last post.
The CFO stated that their current debt is financed at 3.7%, but that they will be refinancing using CMHC at a rate which is still under 4% but is slightly higher than the current fixed rate.
The new fixed rate is still quite low, and very manageable as to his statement, and which is evident in the recent financials as the AFFO has improved.
I believe that when 2Q Financials are released mid August, it will show a consistent improvement in fundamentals and a sustainable dividend with AFFO remaining positive.