Introduction
Last year, I warned for Intu Properties’ (OTCPK:CCRGF) capital allocation method as about 55% of its rental income had to be spent on making the interest payments on its debt. An unsustainable situation and after two recent potential deals to sell the company fell through, Intu Properties had to take adequate action to protect its future.
Source: Yahoo Finance
Intu Properties is a British REIT and it’s listed on the London Stock Exchange with INTU as its ticker symbol. The current market capitalization at 111.5 pence is 1.5B GBP, and the average