TSX:SGR.UN - Post by User
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MARKOPOLISon Oct 27, 2023 7:16am
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GLOBE ARTICLE RBC PAYOUT TO BE CUT
GLOBE ARTICLE RBC PAYOUT TO BE CUT2. RBC Capital Markets real estate analyst Pammi Bir acknowledged the volatility in the REIT sector in a recent report previewing the upcoming earnings season. Mr. Bir listed a number of REITs where he saw their ability to defend current payout levels as “below average.” He emphasized that distribution cuts were not imminent in any of the companies mentioned. However, because of some combination of elevated payout ratios, weak fundamentals, debt composition, high leverage and/or strategic considerations, the analyst believes the following REITs will have more trouble sustaining payouts than others in the sector: Allied Properties REIT, Artis REIT, Chartwell Retirement Residences, Dream Office REIT, European Residential REIT, Extendicare Inc., American Hotel Income Properties REIT, Melcor REIT, Northwest Healthcare Properties REIT, Nexus REIT, Slate Grocery REIT and SmartCentres