RE:RE:RE:Dividend cutI think you have to keep in mind that SOT.un PR was over 100% for 7 consecutive quarters and in fact hit a high of 127% before they cut the distribution. All of that was pre-covid.
SGR.un, on the other hand, had 3 consecutive quarters of PR averaging about 86% before covid happened, plus they made a big acq which was to drive the PR down by quite a bit (to 80% or below, perhaps?)
Now, at some point, management might decide to cut the distribution to give themselves some breathing room, but that would be odd given that they had been increasing the distribution about once each year for about 5 years. That should be contrasted with SOT.un, which didn't increase its distribution over that period and was going further into the red over time.
So, these are different animals.
2young2invest wrote: That's some descent calculations, thanks a lot!
I still remeber when Slate Office REIT cut divs 50% out of nowhere, so unfortunately I can't trust Slate management, they have no skin in the game, just charging some nice managment fees.
My believe the cut will be at least 30%, or 50% like SOT.UN, time will tell.