Exactly 02 months ago, PRIME REIT's CEO Rahul Rana went for an interview and in the article he explained about how PRIME US REIT plans to convey to investors of where the REIT is today and where it is heading. All these to improve sentiments and bring share prices back.
3Q results came out and in this section of PRIME US REIT's slides, they did tell us the 03 year plans of the REIT:
In it, PRIME REIT listed 06 steps it will take. Step 1 to 4 are indeed sound and what the REIT has been doing. At a leverage ratio of 45.4%, it is indeed sound for PRIME to improve property valuations so that the amount of debt remains the same but leverage will fall mathematically.
Step 6 is something I am definitely looking forward to because, as investors, we are buying a REIT for dividend and for a REIT to resume its dividend, this mean business as usual.
Step 5 is something I have...