RE:RE:Wynner the Winner of WFCShow me the numbers.
"Show me the MONEY!!"
I just showed you $0.70/sh in 9 months.
That's post-pandemic funds from operations.
You're quoting generic stuff from MD&A, classic boilerplate chatter.
My dog quotes this stuff when he's hungry for treats.
COVID was tough on all Lodging businesses, hopefully you noticed the decline in profitability during Pandemic Panic 2020-2022. That's a long time for tough times.
Smart businesses used excess capital for buybacks, not $3 dividends that required borrowing to pay out.
C'mon, Wynner, show me the money, champ. Not what projects they might sell, or that mortgage rates might fall to 5.25%, or that Vancouver is immune to RE selloffs. It ain't, I grew up there.
Lots of dumb money sloshing around from "Foreign Investors", they move like a herd of elephants and not nimble investment pros like yourself.
Wynner the Winner, that's what I keep hearing at
Blnd Tger Dumplings.
Ain't that where the big RE deals are getting done?
wynner wrote: malx :
Where do you find the $3 dividend was funded from hotels revenues? -------------------------------------------------------------------------------------------------
The hotel, residential, and commercial properties owned by the Company provide an income stream and capital appreciation that is utilized for acquisitions, investments in development properties, reduction of debt, and payment of dividends to the Company’s shareholders. At present, the Company owns and manages 939 hotel units (193 at the Westin Wall Centre, Vancouver Airport, and 746 at the Sheraton Vancouver Wall Centre). It also owns and manages 1,526 residential and commercial rental units located in Metro Vancouver.
The Company develops for sale residential housing units with a primary focus on high-rise multi-family projects. It is the Company’s strategy to acquire land for development that is zoned for its intended use or where the required rezoning is contemplated and encouraged by the governing authorities. There are two properties under active development as at October 31, 2023: Eagle Mountain subdivision in Abbotsford, B.C. and the Trails project in the City of North Vancouver, B.C.