Post by
canadian on Sep 09, 2024 3:43pm
Should I add more of this or hold?
I own few shares but not sure if I should buy more.
Average Mortgage interest rate of SGR currently is around 4.5%. All of their debt is in USA. Projected five year bond yield is between 3 and 3.5% for the foreseeable future. So SGR will be renewing mortgages at around 5 to 5.5%. Their payout ratio is almost 100%. With 10% rent increases every year, they will not be able to sustain their dividend. They might need to cut the dividend may be in end of 2025 or 2026 if US 5 year bond stays around 3.5%. What are your thoughts on this?
Comment by
rabnud on Sep 11, 2024 8:21pm
SGR has gone right off the dial in the last few months big time last couple days In fact all my Reits have ghave gone off the dial as of last few weeks
Comment by
rabnud on Sep 13, 2024 2:36pm
really going nuts today Friday sept 13 2024 ??