Post by
retiredcf on Aug 14, 2022 3:49pm
As Requested
Cash flow of 20c per unit was close to estimates. NAV rose slightly to $12.41. Revenue rose to $34.1M from $18.7M and matched estimates. Occupancy is 97%, payout ratio 90%. Debt ratio 46%. The company has made numerous acquisitions in the industrial sector and/or for development, and we would consider it on track. 10%+ growth is expected next year which is fairly high for a REIT. It is expensive on a cash flow valuation basis but still in a 'building' phase. (5iResearch)