10x AFFO = 10% FREE CASH FLOWI guess theres people like NorthForce bailing here, I feel like a 6% spread over the US 10yr is pretty wild, I agree investors may be getting frustrated with the low payout ratio and money that is going to balance sheet rather than AFFO or accretive acquisitions
HR was a heavy favorite not long ago steady around $12-13
the wheels came off after the landtower president was canned and this is the worst performing reit l ately