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been through the latest MD&A and ngl the asset base erosion is real, sitting with vacant properties that sh…by @thuli_dd on $APF

TH
Thuli N.@thuli_dd·Neutral

been through the latest MD&A and ngl the asset base erosion is real, sitting with vacant properties that should've turned by now and the distributions getting squeezed. compare that to Redefine or Hyprop and you see the gap, they're actively trading out of dead weight while APF's just holding. long term the thesis only works if they actually execute on new acquisitions but balance sheet's not exactly roaring for it.

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