TSX:INO.UN - Post by User
Comment by
stockrook86on Nov 02, 2023 11:41am
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Post# 35713679
RE:RE:RE:Distributions are safe for the foreseeable future.
RE:RE:RE:Distributions are safe for the foreseeable future.100%, Inovalis is extrememly cheap based on the underlying assets. Basically trading at the value of cash on the books (proceeds from prior sales) and the appraised redevelopment value of Arcueil less debt, basically getting all the remaining office for free.
I own a bunch and have for a while, do believe WFH concerns are not as signifcant in Europe - but there is in my mind a small to medium chance the distribution is cut if any Arcuiel sale is delayed.