RE:Scotia comments after conference "We were pleased to see our estimated D/GBV fall by 80bp to 61.4%, but remains the highest in our sector (sector average = 45.5%; Exhibit 3), so there is a long way to go."
I did the math so you don't have to, debt to GBV at the REITs proportionate ownership is 48.5% (https://x.com/alphafortuna10/status/1821689394912186570?s=46)
"portfolio of 9 US industrial properties (expected closing in Q1/25) for a total of $290M."
Q1/25.... literally closed Aug 12/24 *giggle*
"AX does not disclose proportionate, which in both cases is likely notably higher than disclosed total metrics."
lol... imagine an analyst crying because the teacher didn't do the homework for them. How pathetic. The numbers are disclosed... you just need a calculator and a brain cell or two...
"Unhedged variable-rate debt as a % of total debt fell 10bp q/q to 62% (Q1 = flat at 63%)."
ohhhhhhh baby, if you think rate cuts are coming... the torque. *throws popcorn in air*