TSX:MPCT.DB - Post by User
Comment by
spacegimpon Dec 17, 2024 7:57pm
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Post# 36367250
RE:Dream unlimited dilution
RE:Dream unlimited dilution"
For the nine months ended September 30, 2024, cash utilized in operating activities exceeded distributions paid and payable by $11.5 million (three and nine months ended September 30, 2023 – distributions paid and payable exceeded cash utilized in operating activities by $6.2 million and $25.2 million ). Over the longer term once development assets are completed and contribute to our recurring income segment, we would expect cash generated from (utilized in) operations to increase and stabilize at which time the Trust will reassess its distribution policy."
Just a rough guess but it looks like they would need another 1500 units net @ $2000/month to even think about bringing back the distribution and that puts the timeline to 2028 , by that time its another 4 million of units dilution , still not a bad NAV at $15 . This all assumes they continue getting preferential low interest rates