TSX:TNT.UN - Post by User
Post by
EstevanOutsideron Feb 19, 2024 12:57am
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Post# 35887223
Re-intiation of yield likely coming in April
Re-intiation of yield likely coming in April Drimmer had said April would be the target for distribution reinstatement.
I would favor him keeping it initially small (say around 5% yield) and using remainder for NCIB until the unit price corrects at a more respectacble level.
There is no point in dishing out high yield here with such a depressed and dislocated unit price.
Just my 2 cents.
These REITs are in a unique opportunity to cancel a lot of units at ridiculously low valuations before rate cut cycle and at a cyclical bottom in the asset class.
TNT is oddly still financially compotent and producing a lot of FCF.
Asset sales could lead to addition delevarging opportunities.