Ravelin Properties REIT 9 00 Convertible Unsecured Subordinated Debentures Exp 28 Feb 2026 T.RPR.DB

Down 12 %

[divime1]

isn't as bad a day as I expected  . INO.un cut  their dividend yesterday and it dropped 50 %

[Ladislav3]

I think the dividend cut had already been priced in for the most part when we dropped from $1.50 to $1.00.

[Capharnaum]

Looking at the Q3 results, I don't think the cut was due to the payout ratio, which was around 50%, but rather that they are biting the bullet and finally are going to address the debt instead of just shuffling assets to generate Slate management fees. At the current price, assets are priced in at 75% of book value. That said, since the debt is 65% of assets, selling at 75% of book value