TSX:INO.UN - Post by User
Comment by
stockrook86on Nov 02, 2023 9:48am
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Post# 35713217
RE:Distributions are safe for the foreseeable future.
RE:Distributions are safe for the foreseeable future.I agree, I think they are safe - the one wrinkel is the massive loss of rent from Arcuiel. Starting this quater the FFO payout will be well north of 100% on a quarterly basis.
They should be able to let it run assuming the sale happens in mid 2024 as mentioned in the last MD&A.
Everything hinges on what they can do with Arcuiel - at least since it is 100% single tenant, it does in some ways make the redevelopment sale easier.