TSX:TNT.UN - Post by User
Comment by pierrelebelon Aug 08, 2024 11:01am

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Post# 36169468
RE:RE:RE:RE:Distribution cut
RE:RE:RE:RE:Distribution cut
Holden22 wrote "... regular dividends was 2022 and $48.6 m was paid in common dividends...."
And that is the source of the problem..
Operating income for 2022 was $16.23 million - that is $32 million less than distributed to unitholders.
It explains why the distribution had to be cut.
Eventually the REIT sector will improve, so will TNT and its ability to restore a monthly distribution.
If a unitholder cannot wait six or twelve months for the distribution to be reinstated, they should sell and move their money somewhere else. On the other hand unitholders showing patience and confidence in management will be rewarded... eventually.
Patience needed.