Post by
SNAKEYBOY on Apr 19, 2022 10:07am
What if they did this....
Increased debt from 29% to 50%, with using 500 million in additional debt to do a tender auction of 20% of the float at $16.50. From there, NAV becomes $26. They then continue the NCIB of 10% per year from left over FFO and as long as a 20% discount remains. It might go lower, or higher, doesn't matter. NAV in 1.5 year becomes $30 and then they grow the REIT through acquisitions/developments and we get a $35 NAV