TSX:AX.PR.E - Post by User
Comment by
Frankie10on May 21, 2024 11:07am
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Post# 36049947
RE:RE:CPI down: Frankie up; Snakey’s Practise acct bust
RE:RE:CPI down: Frankie up; Snakey’s Practise acct bustI respectfully disagree and this is why:
Take H&R for example, it has an AFFO return of 10.4% (normalized for 1-time event) at a unit price of $9.50. Should H&R's cost to borrow decrease - not only could they develop the US sunbelt residential pipeline more aggressively - AFFO (10.4%) and FFO (12.5%) returns will climb higher. At a time where times are tough - double digit cashflow return seems great to me personally. If BoC cut rates, and CDN REITs dipped along with the broader market, then I would be a serious buyer. I'm going out and looking for money at that point. Many REITs yield above the IBKR margin rate for bal above $130k... just saying.