Added to YB: 2025-04-02
Pitch date: 2025-03-31
RPR-UN.TO [neutral]
Ravelin Properties REIT
-69.64%
current return
Author Info
Canadian Value Investors is a value investing blog looking for ten baggers and focused primarily on small caps. Sign up for the newsletter.
Company Info
The REIT owns and operates a portfolio of well-located commercial real estate assets in North America and Europe.
Market Cap
CAD 13.7M
Pitch Price
CAD 0.56
Price Target
N/A
Dividend
N/A
EV/EBITDA
17.79
P/E
-0.10
EV/Sales
6.03
Sector
Office REITs
Category
N/A
Ravelin REIT (TSX:RPR.UN) Financing Update – There ain’t no party like a G2S2 party
RPR-UN.TO (update): G2S2 Capital acquired $572M Ravelin REIT debt, granting 6-month forbearance for recapitalization. G2S2 owns 19.7% of units. $97M write-down, $660M total since 2022. New board members added. Risks: G2S2's interests may not align with other shareholders. Potential for dilution or wipeout of convertibles/common.
Read full article (8 min)