TSX:MPCT.DB - Post by User
Comment by
InvestSmarteron Nov 24, 2024 12:12am
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Post# 36327767
RE:Action this week
RE:Action this weekLots and lots of positive things happening, the market will eventually adjust to it.
1) 49 Ontario Sale will reduce corporate level debt, freeing up cash flow for distribution reinstatement (along with lower rates)
2) Distribution will be reinstated in 2025.
3) Zibi Land sale will come, eliminating or nearly eliminating the land carry costs at Zibi.
4) Scarborough Junction will sell at some point. This will be very material.
5) The Mason and Brightwater Towns will close mid 2025 bringing in more one time cash to MPCT.
6) 2025 will see a material increase in Net Operating Income of around 6-7M run rate by end of 2025 and continue to grow for many years as more and more projects come online.
7) Cherry House, a very Material development will come online in 2025. Dream Lebreton, 2 new buildings at Zibi, 49 Ontario and Quayside phase1 are either started or announced will be starting in the near term.
There is a constant stream of news and well documented milestones which will come after 49 Ontario, making MPCT an interesting investment over the next 12-24 months as these all come together.
In the meantime, MPCT is retaining the cash otherwise distributed and will be flush with capital in 2025.
Market will adjust as the official news is announced.