TSX:MPCT.DB - Post by User
Post by
InvestSmarteron Jul 23, 2024 4:04pm
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Post# 36145001
$7 possible in near term
$7 possible in near termI don't see why we can't get back to $7 in the near term. Rate cuts are the complete opposite of hikes. Taking our costs to hold investment land (variable rates) instantly lower, increasing cash flow.
Additionally, new income properties coming online soon will generate fresh new income. The properties that came online in Q4 and Q1 will keep producing more and more cash flow as they get leased up.
Land Loans are turning into developments, which will eliminate the cash costs of holding the land.
Then, distribution will be reinstated per management's word. $6.40 = 10% distribution.
Everything is turning to MPCTs favor, and it's happening fast. Market will readjust for this in 2024-2025 or more instantly upon distribution reinstatement or a mega land sale (ie 100 Steeles, Scarborough Junction or 49 Ontario)