2020 The Year Of URF, page-21

Yes. I agree. Unless the NOI is sorted, this REIT will never survive long term.

Selling properties will shrink revenue, however they are selling slowly and hoping the market values increase. If the increase plays out than in a windup there will be residual value for all unitholders. In the end as a URFPA shareholder only, we would only worry if on 1 Jan 2023, the share price of URF was under $0.18 otherwise we would somewhat breakeven on our investment (based on $75 buy in).

They have 3 years to sort out this mess and hopefully salvage their own reputation. For us remaining on this thread and hoping they turn this around, the most conservative method besides selling out is buying URFPA. URF is def an avoid as it will also face the double whammy of dilution from conversion of the URFPA in a few years time unless a miracle happens.

DYOR