TSX:AX.PR.E - Post by User
Comment by
Frankie10on Sep 22, 2024 2:08pm
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Post# 36235472
RE:Is it alright to rethink, my rethink of my original rethink?
RE:Is it alright to rethink, my rethink of my original rethink? "Is nobody worried about the debt wall anymore?"
Any REIT who could sell properties oppertunistically to special interest purchasers, never had a problem. I think this point was/is silly an uneducated for REITs like Allied for example. Rate cuts only make properties more liquid, which further reduces the risk. Exhibit A: H&R REIT faced debt wall after debt wall, no issues at all.
"While I still remain closer to bearish office"
Working from home is ending. Depression will shift leverage from Canadian employees to employers. No office developments pencil and have started for awhile now. Exiesting development pipeline is tappering. So no new supply, and exiesting supply is dropping as office is rezoned. And now demand is bottoming. I'm not an economist supreme but I recall the supply demand curves from university.
now imma roll one and watch some football. Have a good Sunday DZ.