TSX:TNT.UN - Post by User
Comment by
lancebryanton Jun 26, 2024 7:31pm
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Post# 36108051
RE:ANYONE KNOW
RE:ANYONE KNOWSOT is an actual ponzi scheme.
Every other REIT on the Canadian Market has sold assets at prices higher then 2019 or at the very least near those prices with at most 20% haircuts.
SOT sells multiple assets at massive discounts to market price for the area.
TNT just got a significant ROI of its assets.
SOT has great quality assets also, many of them were huge 100M+ buildings.
INO for example has 50% occupancy and its still above water.
SOT on the other hand has 73% and at significantly better deals then INO can seem to get out of theirs and somehow SOT just defaulted in extreme ways.
Keep in mind the company is not declaring those bonds worthless; they are just saying they are going to miss some stamp payments due to having to pay other debts.