Q: Hello,
What are your thoughts on ERE.UN as they start to sell individual units to pay down debt and prove their NAV might be higher?
Thank you,
Brent
What are your thoughts on ERE.UN as they start to sell individual units to pay down debt and prove their NAV might be higher?
Thank you,
Brent
5i Research Answer:
Please see this answer from yesterday. We would like to see lower debt, but of course this comes at the cost of dilution. Many REITs are trading below NAV, but lower rates going forward should help the whole sector.