Post by
Frank007 on Mar 03, 2024 1:35pm
Scrooge…
Another div cut is unlikely ...will stabilize around here ...but if I was running the show which shares trading at 1/3 there book value I would suspend dividend for year and just scoop all the cheap shares....the value of you held shares would triple ...way better than a dividened tax wise and value wise ....
Comment by
garyreins on Mar 03, 2024 2:00pm
The strategic review means to me they knew they had to sell SOMETHING and probably bigger than side non core assets. Get $ for 5.5% cap rates and pay off 10% interest
Comment by
ScroogeMcDuck1 on Mar 03, 2024 2:05pm
Whats the case for worsening results? My understanding is we are at a 80% payout ratio now. Lots of floating rate debt, but rates have peaked. Tell me the risks that are not baked into the unit price. Whats the deal with the 2025 debt? Thanks guys, I appreciate community, lets just be sober and realistic.
Comment by
spacegimp on Mar 04, 2024 6:57pm
and what about the age of all their properties(30 plus year's average )are they in need of refurbishment ? , not triple net leases I don't think