Post by
MARKOPOLIS on Dec 22, 2020 1:37pm
Wait for the equity raise when they buy properties
They will issue equity to buy properties and then once a year has passed will come the next dividend cut.
Just so you know when a REIT slashes dividend as they did all passive investment ETFs immediately dump it and will not buy it again in the future ....I once worked at BMO ETFs admin that the policy ...we saw the mass liquidation of funds and insitutional buyers ...that's just their policy
management view unitholders as weak ignorant retail investors who are just to naive to know any better
CFO CEO won't buy a single share at these low,prices all other canadauan REITS large small seen or seeing significant buying just the other day plaza REIT HR REIT etc
listening to that podcast of Welch calling his daddy when he and his brother felt they were in a bind on a real estate deal financing ....pathetic
watch the campaign March 2021 stay tuned
Comment by
sunsurfer11 on Dec 22, 2020 1:43pm
they can't raise equity...would require too much of a discount given all the problems this thing has had and continues to have..if they get occupancy into low 90% range and units rebound to $6 or $7 maybe they can start thinking about equity issues again..until then nada..they will fund purchases with 50% debt and rest from existing liquidity..