RE:RE:RE:RE:NCIB We are currently at about a 5.6% dividend yield. The Vanguard REIT etf (VNQ) is at 3.82%.
The following provides some yield analysis to other Canadian listed real estate companies
Link
https://dividendearner.com/best-canadian-reits/ I am ok with where the yield is at right now.
I would like to see them free up some capital and potentially issue a special dividend to address the excess capital. I am happy to see them proceeding with the NCIB which is my primary preference; however, there is more excess capital in the company then they would be able to address through the NCIB and they said at the AGM that a Substantial Issuer Bid is a no go.
Melcor REIT is currently yielding over 10% so the market is obviously saying that something here has to change at the REIT.
LR