RE: Way forward5 Mar 2024 10:47
Yes, in 2024 sell off 100 million of assets, first reduce the bank debt by 25m to keep the banks happy, then pay the retail bond 50 mill, then another 25 mill off the bank debt by year end, and finally pay the divi for 2024 in April 2025 to stay within the Reit constraints. End of 2024 the assets should start ticking up after first interest rate reductions., and can still sell off another 50 mill in 2025 if needed, to get back to the 40 percent LTV. in 18 months time the situation could all look a lot better.