TSX:NRR.UN - Post by User
Post by
Panic54321on Feb 28, 2024 11:51am
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Post# 35904010
I think there’s no dividend cut….
I think there’s no dividend cut…. First of all the dividend has already been cut. ( probably should have came in a lower dividend to start ) but here we are.
I think it will take 2 or 3 more quarters
for this reit to have better numbers.
I personally think management should move faster on some non-core asset sales, but seems like all of these riets are slow, moving at the best of times,
Considering this reit is trading at a discount to net asset value the asset sales of apartment buildings should be a decent boost.
( to paying down variable rate debt. ).
I think it will take 2 or 3 quarters and some asset sales to bring everything back into balance. ( it's not like it's hard to sell apartment buildings at the moment it's not like Office real estate )
happy to hold this one for the long-haul.