Q: Could I please get your thoughts on their latest earnings, and future prospects? Thank you
5i Research Answer:
Cash flow per share was $1.26, well ahead of estimates of 52c; revenue was $40.3M, also well ahead of $28.6M. Leasing momentum and assets sales contributed. Payout ratio was 20% for 2025 after the distribution was reinstatement. The debt refinancing has been very beneficial. Revenue rose 27%. Decent numbers here, though the small size of the company do make it riskier than average. The units are down 8% YTD and are very cheap on valuation currently, but should still be considered higher risk.