been digging thru the latest MD&A and PHP's occupancy rates are still solid but the yield compression from…by @thuli_dd on $PHP

been digging thru the latest MD&A and PHP's occupancy rates are still solid but the yield compression from the rand weakness is real, especially with most tenants paying in local currency while their debt servicing gets hit. property valuations held up ok in the last revaluation but if we see another 10-15% rand slide that changes the math pretty quickly. ngl the dividend looks safer than the capital appreciation story right now.