True North Commercial REIT T.TNT.UN

Dividend cut coming soon.

[canadian]

Dividend cut coming soon.

Excluding termination fees, Q3-2022 FFO and AFFO basic and diluted per Unit would be $0.13 and YTD-2022 FFO and AFFO basic and diluted per Unit would be $0.40. Q3-2022 AFFO basic and diluted payout ratio would be 113% and YTD-2022 AFFO basic and diluted payout ratio would be 112%.

[pandsca]

I don't see anything telling me a cut is coming. What you've written is in the Nov NR, but I don't see anything clearly stating Divs will be cut. Please provide a link to your source.

[canadian]

With payout ratio 113%, debt increasing, higher interest rates and occupancy slowly falling, we will see it soon.

[pandsca]

I disagree. We've seen worse than this in the past and they've not cut the div. They've also recently locked-in everything for about the next 4+ years.

[canadian]

I disagree. They have to cut the dividend. 

[pandsca]

I'll leave it to you to write mamnagement and let them know this then. ;)

[sclarda]

canadian wrote  I disagree. They have to cut the dividend.  -------------------------------------------  I dont know if they have to cut the dividend but they definetely should. They have been paying out around 100% for a long time and  now are paying out 113%.  Not sustainable and not good business to be paying out as much or more as you are taking in. The company

[EVHammond]

I also fear a distribution cut.  I would love sclarda's suggested 20% cut from .0495 to 0.4 cents, but I've never seen a REIT (or any other company) cut by only 20%.  It seems that 50% is the bare minimum.  That leaves the management team swimming in cash and free to make mistakes with a wide margin for error.  It leaves the shareholders as bag holders.  Long-term

[CanSiamCyp]

This post has been removed in accordance with Community Policy

[smilley69]

Lots of fearmongering here.  Interest rates, property valuations and inflation  are weighing on the REIT sector.   This was supposed to be a set it and forget investment.  I don't believe the divvy adjustment will happen (if at all) till q1 next year.  Back to $7 if the Fed pivots.

[5tizzy]

I cannot seriously believe there are people actually jumping on the "FED Pivot train" LOL. I did not expect to meet one in the wild, it's just something I heard about on the economically braindead financial news. Is this over one slightly-less-than-expected monthly inflation result? There's only one time you can trust what the FED says and that's when they say they are going