TSX:TNT.UN - Post by User
Comment by
lancebryanton Mar 21, 2024 6:27pm
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Post# 35946003
RE:NCIB AND DIVIDEND
RE:NCIB AND DIVIDENDNobody accept Daniel knows.
I for one believe that they will run out of funds for buybacks and be forced to distribute it or potentially lose REIT status depending on how the properties sell.
It seems in recent days they have slowed buybacks funded by the organization. Not sure on that yet; it could just not have been filed and the buybacks did occur.
I expect to see insiders buying more shares.
Not withstanding; to answer your question; its likely that it starts again near the end of Q2 per the report top line.
It's possible I am wrong on the capital gain recovery portion of the distribution and property writedowns do indeed directly negate the taxable rent earnings. (my accountaint doesn't seem to think so but the gods of stockhouse seem to think I am). If that's the case they will buyback shares until the shares finally reach the value of the properties within the REIT as its likely they can repurchase 40% of the shares outstanding with the last 2 quarters of book value writedowns alone.