TSX:CAR.UN - Post by User
Comment by
DanielDardenon Feb 26, 2024 3:08pm
75 Views
Post# 35899785
RE:Results
RE:ResultsTimeTooSoar wrote: Not the greatest results. Only highlight is payout went from 63% to 60%. 3 negatives are NAV fell from $58 to $54 and debt to assets went from 38 to 41%. No distribution increase.
Looks like this will be dead money for awhile :(
Not sure what you are expecting while rates are rising but I will gladly accept a lower payout ratio as a precursor to an eventual distribution bump up. Of course NAV/u will drop in that environment and will reverse when rates drop. As the NAV rises the ratio to debt will improve accordingly. Not likely dead money when the worm turns and returns on GICs dwindle again. The long term chart demonstrates that clearly.