Post by
DanielDarden on May 03, 2023 5:32pm
Q1 AFFO/u Up 5%
Despite the inflation issue and higher interest rates, the payout ratio drops below 75%. Obliviously these “problems” can be managed effectively by diligence and resolve on the part of management. Going forward, CMHC financings will replace the current higher rates on completions and should further provide free cash flow to reduce the payout ratio again. Not much to worry about here.