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Can you post the link? Also are investors able to redeem their money?A while back Emmanuel Arruda called me to speak to me about my blog post...
Shouldn't a 14% distribution raise some red flags?I'm not quite as disturbed by a REIT lowering distributions by .65% as I am by a REIT that pays out 14% suspending distributions altogether.
Sorry, not THEIR properties! Market bifurcation, and theirs aren't in the 5 cap range, they never were!Don't forget buildings are selling at 5% cap rates.
They did not cut their distribution! If you had a brain you would see the initial distribution was 8% based on an NAV of $10. Units are now valued at $11.15 (ie: capital appreciation), thus the yield is lower.Capital appreciation?
This seems very disturbing. These private REITs advertise heavily on the basis of their yield, and yet they have cut their distributions. Centurion cut their distribution yield to 7.35% from 8%.
Wow . . . little harsh, especially as the private REITs are known for little or no disclosure . . .They did not cut their distribution! If you had a brain you would see the initial distribution was 8% based on an NAV of $10. Units are now valued at $11.15 (ie: capital appreciation), thus the yield is lower.