Post by
DanielDarden on Mar 10, 2024 12:42pm
Occupancy Gain
The 1.5% gain represents new revenue of ~$2M/yr going forward which should reduce the payout ratio and add to NOI, which should provide improved NAV/u with fair market gains. If rates decrease the cap rate will also improve (lower). The yield alone should outperform GICs. Any market value gain is a bonus.