Post by
hawk35 on Mar 16, 2022 3:38pm
Conference Call
Informative call today.
On the positive side:
1. Debt to asset ratio at end of Q1 / 22 will be 45% which is outstanding.
2. Management expects strong acquistions in 2022.
3. They expect 5 or 6 dispositions in non core, office and retail properties between now & July.
4. Proceeds from the dispositions will be more than enough to fund the 2022 acquisitions.
5. They have 16 acres of surplus land in London that will be developed.
6. They also have 22 acres of surplus land in Regina that will be developed.
7. Leases expiring this year are being renewed at higher rental rates.
On the negative side:
1. Richmond property now delayed until July. Shortage of steel is the problem.
2. $25 million from land sale in Montreal delayed until end of 2022. Government regulation causing the delay.