RE:$8.40garyreins wrote: Anyone look at their debt maturities or MD & A and think the 0.25 affo is expected to go down meaningfully this year like to 0.21 or lower? If not, at 8.40 it's 1/8..40 = 12% free-cash flow, meaning a 12% return on their asssets, only about 8% above the 10 year and pretty crazy given the quality of their assets.
w tf is the market smokin here. does it even look at affo or it just sees that 6.xx% dividend?
They have around $500M of debt renewing in 2024, so probably something like $15M hit pretax for the year, so about 1.3 cents of AFFO hit pre-tax per quarter if they are flat on lease margins.