Thanks AJ. I think the broader issue is not the tax piece (important but a short term deviation). It is how does the NOI growth translate into Distribution growth. So far the office REITs have been hit by Covid lockdowns and then a sudden increase in interest rate regime which is acting as an hindrance in distribution per unit growth.
Medium term to long term NOI growth should happen however still waiting to see it translated to DPU increase (should atleast match inflation rate consistently)
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