Post by
DeanEdmonton on Aug 04, 2022 1:44pm
Considering This Got all The BAD Assets
It is pperforming pretty damn good. Certainly doing a lot better than some of the Covid darlings like Dream Industrial REIT. Anyone that predicts in person shopping is dead, hasn't read the guidance from Shopify or Amazon. Shopify is laying off 10% of their workforce and guiding much lower, admitting their big bet on the "Paradigm" shift and Covid moving on line shopping ahead 5-10 years has clearly not paid off. Amazon has slowed their hiring and warehouse expansions for the same reason.
Comment by
SNAKEYBOY on Aug 04, 2022 2:01pm
The asset class is not favorable but the way they joined with HOPPP properties to have a 28% debt and 50% payout ratio, with solid management, is the differentiating factor. The balance sheet is the hidden gem which joe trader hasnt noticed