Post by
joebravo on Feb 06, 2024 9:16am
Need to Lower Payout Ratio...
Good business, just the payout ratio is dangerously close to making dividend unsustainable.
It was slightly over 99% of AFFO for 3Q 2023. The price is holding up mainly due to share buybacks but if they can lower the Payout ratio, this should be a very interesting play.