Daniel Foch
speaker
1,195 appearances
3 recordings
1 series
first heard May 2026
last heard 8 Jun
Daniel Foch’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 3 in all, peaking in May 2026 with 2.
Appearances
Mm-hmm.
The one other thing I would say is like when you mentioned that they seem to be performing reasonably well.
So in the US, I think REITs are actually like...
legislated to be capped at 65% loan to value.
In Canada, we don't actually have that regulation, but there's different leverage point.
If you go to a REIT, you can see their trust caps, like a declaration of trust caps, sorry, in their declaration of trust or their corporate charter, which as a REIT shareholder, you would have and probably want to know.
And I pulled a couple of them and it seems to be like, I mean, if you look at like a Rio Can or I think Capri, they're like 45 to 55% range, but usually you're in like a 60 to 65% range.
And in the US it's regulatory cap.
So everything like when you think about debt, like leverage points, higher for longer interest rate risk, etc.,
REITs in many cases, they're not as exposed to that risk as your residential homeowner who's at 80% leverage or whatever.
So they can probably still keep the yield going reasonably well as a result of that.
The other thing I'll say, like with a lot of these groups and is like, I don't know how auditable those V, like the V's are in those calculations, right?
Like, are they getting, yeah.
Are they getting, I don't know, like I'm not, I'm not familiar enough with it, but if they're getting regular appraisals and like marking it to market, then that seems reasonable to me.
But if they're not, like if it's like pension funds where they're not writing down their, their, you know, office towers that are like fully vacant or whatever, it's in the US, like it's a different story.
Yeah, no, exactly.
It is hard.
It's hard to pull comps.
Like, especially we're in, like we're in historically, like one of the lowest sales markets we've seen in Canadian history.
Right.
Showing 121–140 of 1,195 · page 7 of 60
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