LittleJohn2 schreef op 30 oktober 2020 10:21:
I agree with Gunther and Felix. Believing in the upcoming cash dividend in a few months is a nonsense.
Potentially, we can expect that all countries where ECP operates, including Sweden (already advises citizens to avoid shops) will go into lockdown for a few months - and that's a bad news.
Good news is that, for sure, there will be compensations from government for companies that are asked to close their doors (in the UK, also companies that trade but have smaller turnovers get some financial support in forms of grants - so I expect it will be similar in ECP countries), also employees have their salaries topped up by the Governments - what I mean by all this is that ECP will get their share of it - they have a very good relationships with tenants and low vacancy rates. No doubt ECP will be negatively affected, but hopefully not as much as people anticipate.
ECP tenants want to come back to run their own business ASAP - people are also eager to come back to their pre-covid shopping routines - so many businesses will survive and bounce back - some of course will not, but on the other hand there are people who recently accumulated loads of savings, together with extremely low cost of debt, there will be new business keen to rent their shops from ECP.
After Covid, if recession is bad, there might be some support for high street in form of vouchers for citizens, or similar initiatives, perhaps even direct cash hand outs for citizens, or something similar to 'Eat out to help out' which UK implemented to support restaurants after the first wave.
There are also people who think that there will be a third wave - let's just hope that it won't materialise.