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Trizec Properties, Inc. (TRZ) Message Board

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  • pcmsearch pcmsearch Feb 14, 2003 12:54 PM Flag

    Things are not that bad

    Please explain to me the 72% leverage ratio. I comeup with a lower number.

    Greenstreet needs to get themselves updated on this company. They talk about management. The management that made the mess is long gone.
    The balance sheet is stengthening. Locked in rates of around 2.5% on 500 Mil worth of floating debt.
    Most of the problem properties have been sold, except 2.
    This company does not have office buildings in Denver.
    The bank renewed their credit line. The bank renewed their credit line.
    Callahan knows what he is doing.
    $9 nav I don't buy that one. .98 AFFO supports a higher valuation.