REITs: Spreads as Wide as a '70s Necktie [View article]
Except for the highest quality REIT's, current dividend yields are meaningless. Read the earnings transcripts and you learn that most are scrambling to raise cash in advance of debt coming due the next two years. That includes selling their better properties which in time will reduce FFO and, therefore, dividends.
REITs: Spreads as Wide as a '70s Necktie [View article]