gordon

Putting the REIT Maturity Crunch into Perspective

I ask again, with massive BKs in small biz, malls going 1/2 empty, drive around, see for yourself, are they going to pay the dividends out of this yield that you claim, or from RENTS? I say every REIT dividend is at risk for a 30-50% haircut. Commercial r.e. is only starting to implode, financing or not, retail, office, all are overbuilt and bankruptcies are soaring. No I'm not short. I got laid off from grocery, after almost a year, I know the grocery biz like the back of my hand. They are losing money. Adjacent stores are closing. I drove into Dan Diego where I had my office 9 yrs ago, EVERY strip mall is a ghost town, 30-50% vacant.