RAMPF - Polaris Infrastructure: Still 20% IRRs Over The Next 4-5 Years
(It's been roughly a year since I last wrote on Polaris Infrastructure (RAMPF), so I thought it was time for an update given the recent share price decline from ~$20 to $17.50 CAD.
Please note all figures are in USD unless otherwise noted. Also note that because the company uses USD in their financials, and pays their dividend in USD, but has a CAD listed share price, I calculate USD target prices and then convert them into CAD at a rate of $1.29/1.
Current Asset - San Jacinto "As Is"
Polaris' main asset remains the