Increase in rental income and decrease in cap rates provide a sound basis for an upward revaluation of properties. Reduction of debt should translate into a reduction of the cost of funding facilities - not sure of the amount but I'm thinking .50%pa - 1.00%pa would be in the ball park. That's going to improve next year's divvies a lot. Looking forward to the announcement of how much the funding cost has been reduced. After all of the excitement over the last 4.5 years - it's nice to see CRF turning into a boring stock at last. Good luck to all long term holders.
CRF Price at posting:
$2.00 Sentiment: Hold Disclosure: Held