Allied Properties Real Estate Investment Trust T.AP.UN

Allied debt.

[TimeTooSoar]

Did anyone else notice the $600m increase in their debt from last quarter? It went from $3.7b to $4.3b... Their assets went from 11.2b to about 10b due to udc sale. This is Nasty.....  Does anyone know the reason for $600m increase. I still need to go over MD&A and the conference call but from first glance.... ouch. 

On another note, Mad money did a segment on office reits and Cramer thinks they are bottom and good speculative buys. As their tone and outlook have all improved...

[TimeTooSoar]

Looks like i found it on the MD&A... Dec 31 construction loan was $307m it is now 619m Dec 31 unsecured debentures nil to now 302m. This is the cause of the debt increase. Now the question is can income rental revenue from the developments help cover the cost of this new debt and probably more coming on line next quarter.  The well should be finished and coming online q4 2024. That is

[Northforce13]

Debt wont be much of a problem if interest rates nosedive. Trajectory = lower int rates coming, driving demand for REITs from those seeking income while simultaneously lowering REIT borrowing costs and influencing cap rates positively. Perfect positive storm, though anything could happen. Got my surfboard out to ride that doozy of a wave coming down the pipe.   GLTA