TSX:SOT.DB - Post by User
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MARKOPOLISon Nov 11, 2023 6:12pm
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Post# 35730476
CIBC WROTE THIS ABOUT HOT.UN BUT
CIBC WROTE THIS ABOUT HOT.UN BUT It can easily apply to this SOT reit
the REIT has decided to suspend the distribution for the second time since the onset of COVID, citing higher operating expenses, a decline in occupancy (which we expected), and elevated inflation and interest rates as factors increasing the risk of business and consumer demand. While the immediate steps taken to de-lever and bolster the balance sheet may appear to be steps in the right direction, the solutions will likely result in a long and arduous path before we see the REIT in a position to comfortably re-institute its distribution