good to me; but it is my understanding that PCL now is REIT, and I don't know what that means to PCL and dividend payout. Maybe someone knows if FFO is affected by natural resource depletion allowance like real estate REITS FFO is affected by depreciation.
Like others on this board I am struggling to make year over year comps between PCL reit and PCL LP. One of the things that I really do not understand is where the revenue and earnings from the mfg operations go to since they are particularly excluded from the quarterly numbers. Is this money laying around in a sawmill somewhere? Can we go get some of it? This may have already been addressed so please excuse my stupidity is so but there is just an awful lot of money not accounted for on the statement and I need a better understanding of this if I am going to stay in PCL. 2nd question re: taxes. Will we receive both a 1099 and a K2 this year since the change happened midyear? thanks for any and all help. Woody