Post by
SNAKEYBOY on Aug 15, 2023 9:57am
6-6.50
Should be the appropriate price if you believe their quarterly AFFO will be around 0.14/q and a 0.10 dividend.
Comment by
JosephM1 on Aug 15, 2023 10:16am
What's the reasoning behind that anaylsis?
Comment by
SNAKEYBOY on Aug 15, 2023 10:47am
Applying sector AFFO multiple of 10x and a 6% dividend fully covered
Comment by
Scotch12 on Aug 15, 2023 10:58am
The dividend cut could well be on its way. The problem with you analysis is the book value is around 12 dollars a share if I recall correctly. You can't determine the share price using just one metric the divdend. Amazon does no pay a dividend. If there is a likely buyout, and I do agree with that hypothesis, it will certainly be well north of the current sp.
Comment by
SNAKEYBOY on Aug 15, 2023 11:06am
Book Value is meaningless to the trading price....thats why most REITS are off 50% ore more....as I said the AFFO multiple is the most important. Most canadian REITS are around 10x with riskier ones being 6x (office). The dividend is the second metric to look at because a tiny dividend will not have a good apetite and a large one like over 11% scares investors