TSX:MPCT.DB - Post by User
Comment by
InvestSmarteron Sep 18, 2024 6:07pm
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Post# 36229970
RE:RE:RE:RE:RE:RE:RE:RE:Government is doing everything in MPCTs Favor. Links below.
RE:RE:RE:RE:RE:RE:RE:RE:Government is doing everything in MPCTs Favor. Links below.We are paying DAM $2.2M worth of units annually at current $4/unit market price to manage over 700 Million in assets, and all the loads of development and rezoing work required to get our assets ready for shovels in the ground (most of that work is done now).
This is one of the lowest cost of management fees to asset value in the entire Canadian REIT sector. "not sure where your 550,000 for 2024 comes from" - Read the Q1 Financials. Ogopogo26 wrote: I am aware and understand the arrangements, but a 5% dilution I wouldn't explain as a fraction of cost.
As of Q2, shares outstanding are 17,973k compared to 17,572k end of 2023, so again an increase of about 400,000 shares, so not sure where your 550,000 for 2024 comes from. Based on my estimates we're looking at 800,000 shares and again a dilution of 4-5%.
I know we get their expertise, but at 5% of market cap I don't find that cheap?