Q: What do you think of it for an investment in current market?
5i Research Answer:
FCD.UN is cheap at 10X cash flow, and offers a 9.15% distribution. But it is also small at $211M market cap, and tied exclusively to the real estate market. The last distribution increase was in 2022. There is little growth expected here. Only one analyst covers it. Payout ratio is 100%. We would consider it a bit too risky in the current market.