TSX:TNT.UN - Post by User
Comment by
lancebryanton Mar 23, 2024 5:15pm
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Post# 35949032
RE:RE:Buybacks savings
RE:RE:Buybacks savingsIt actually does entirely.
The Canadian REIT sector is valued based on the dividend payment. Nothing else. It's pretty sad that it is that way and frankly retail investors (the primary share holders of REITS) absolutely could and should be thinking about the long term success of a REIT outside of the distribution. They just don't.
Cut the dividend by 50%, stock falls by 40%, basically overnight, like clockwork.
So, if they can increase the per share dividend payment they will naturally increase the long term market cap of the company.
Anybody who thinks we should be paying down debt at a 60% debt/equity ratio is just wrong.
The best thing for the REIT fund is to remove 30% of the outstanding shares. They will do that by end of Calendar 2024 at the rate we are going.