Invesque Ord Shs T.IVQ

Alternate Symbol(s): MHIVF | T.IVQ.DB.U | T.IVQ.DB.V

Invesque Inc. is a health care real estate company. The Company owns a portfolio of North American properties across the health care spectrum. The Company invests in a portfolio of predominantly privately paid senior housing communities. The Company's portfolio includes investments primarily in independent living, assisted living, and memory care, which are operated under long-term leases and joint venture arrangements with industry operating partners. The Company's portfolio also includes investments in owner-occupied seniors housing properties in which the Company owns the real estate, the licensed operations, and provides management services through Commonwealth Senior Living, LLC. It owns a portfolio of over 56 properties in the United States, comprised of 53 assisted living and memory care facilities and three skilled nursing facilities. In Canada, the Company owns an interest in four seniors housing assets.

TSX:IVQ - Post by User

Invesque Ord Shs > Liquidation event

<< Previous

Bullboard Posts

Next >>

Post by giovincoon Mar 21, 2024 4:19am

200 Views

Post# 35944307

Liquidation event

Selling all the assets. Cannot find a buyer for the whole package.
AFFO has reached 0.03 now. Interest expense is too high.
I thought this was going to rebound but now I think that this is going to bankruptcy.
As soon as AFFO turns negative or even zero, there is no hope. AFFO negative means the company is unable to continue. 0.03 per share or 1.9 million is way too shallow cushion, explains the share price.
I honestly think that the company is overvalued now. Didn't see this coming. I am glad that I sold with a loss. Dodged a bullet.

<< Previous

Bullboard Posts

Next >>

BMO evolves InvestorLine with enhanced tools for options trading