you also should add to this the bank guarantees on all their leases. This is standard practice for all property companies. They are like a bond you would put down on a residential lease but commercial guarantees are longer - most often 6months. occasionally 3 months and for a risky tenant sometimes a years rent.
bank guarantees secure landlords against non payment of rent should a tenant go under. It then gives them 6 or so months of income while they search for a new tenant. Even if they find a tenant quickly and on the same terms they keep the cash .
HCW Price at posting:
90.5¢ Sentiment: Buy Disclosure: Held
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