TSX:NWH.DB.G - Post by User
Post by
SNAKEYBOYon Sep 23, 2023 9:45am
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Post# 35650602
AFFO
AFFOIf this "special comitttee" actually is better at forecasting than PDL was, and looking at 2024 as the goal as they said, factoring in interest expense increase, NOI (which should be stable Q of Q) and they know the lets call it ~0.55 affo will be stable I can see that as a big win. Market hates uncertainty and the 0.36/0.55 is a very healthy payout ratio. Low dividend players in the 5% have a good payout ratio, thats all their is too it (minus office). If they messed up their forecasting and AFFO annual is actually going to be around lotw 0.40s then yes the SP has lots more downside.
Im assuming this new team and committee is actually acting more honorable with better estimates than PDL was. They predicted a 20% increase in AFFO this year and its gone the other way entirely