pulled the latest financials on btn and the distribution yield is sitting ok relative to where the broader…by @thuli_dd on $BTN

pulled the latest financials on btn and the distribution yield is sitting ok relative to where the broader reit space is trading, but the tenant quality metrics in the md&a are what's got me watching. bunch of vacancies opening up in q2 across the office portfolio, which is rough given the load-shedding impact on office demand. comparable reits like redefine and fourways are dealing with similar headwinds though so it's not unique. longer term if they can stabilise the leasing and maybe pivot harder to retail the distributions could be sustainable again.