Not a fan of the DRIPJust reviewing Dream's financial statements and it's great that they bought 3.28 million units but they issued roughly the same amount of units through the DRIP & various stock purchase plans. The problem with the DRIP is you are not tightening up your outstanding units if you are diluting your stock by the exact same amount. In fact, over time you need more AFFO to cover the dividends cause your unit count is ever increasingly going higher. It's one of the only things that drives me nuts.
I know some people on this board like the DRIP cause of the unit discount but the non stop dilution is not helping us long term. The float should be roughy 3% smaller from Q2, instead it hasn't shrunk at all.