This has been on my watch list for c.5 months, as a defensive stock. Thanks for your valuable comments.
Re your comment, "QRI haven't had a bad debt I believe in their entire history & have a healthy LVR".
a.Have QRI put this comment, of never having a bad debt, publicly in writing to QRI investors? If so, what time period is QRI referring to (& includes recession periods- where defaults can be expected)?
b. And does this include, also, the monthly payments the borrower must repay QRI? And the full repayment of the loan, at its expiry?
c .Some property experts say, due to covid-related vacancy rates etc., especially on office properties/more working from home etc., that commercial real estate values have fallen. Re the NTA of $1.60, how often are QRI's secured properties (all categories) that it lends funds to, independently valued (ie could the NTA be incorrectly high)?
d. Re the "healthy LVR", what % of QRI's property loans are they secured by QRI having FIRST mortgage security (excluding the ATO) over the property? Is the remaining % represented by QRI having second mortgage security?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)