Post by
SNAKEYBOY on Apr 20, 2023 12:57pm
.08 AFFO
Assuming they have it around here for the forseeable future it means they could pay a 16% dividend with 100% payout ratio. Thats an insane cap rate.
The question is really did they cut it so steep because they expect AFFO to go down to .05, or is the excess funds just going to really chip away at the bad debt.
Comment by
MARKOPOLIS on Apr 20, 2023 2:17pm
Snake your missing the most important part the equity belong to the debt holders