RE:RE:RE:RE:New Press Release - Greenbriar Announces Dividend Policy and Expanded Real Estate Project PipelineI'm afraid I have to agree with you "889900", this is another of a long line of promo news releases basically without substance.
The various projects are not currently in their possession as the NR states, "...derived from any of the company's projects, specifically at this time Sage Ranch and Montalva", which means these are their only two viable potential assets.
If either project makes it to the construction phase there is still several outcomes that may occur.
1. How much actual annual free cash flow is left to distribute?
2. If the projects are sold will shareholders receive anything?
3. If you have a pipeline of projects most of the money is going back into the project needs.
4. Are these projects merely something that inquiries were made to as - "I'm looking for real estate development projects meeting certain criteria i.e. The targeted returns are very similar to the rest of the market (e.g. ~14%), but there were a few sizing data points worth sharing: 1.05x DSCR Year 5 debt yield of 9.0% Exit LTV of 80% using today's cap rate + 50 bps They're only focused on multifamily and will provide pref behind Freddie for a term up to 10 years. Target check size is $3.5M-$10M." - Brandon Roth