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Strategies & Market Trends : REITS - Buying 1 - 2 weeks before going ex-dividend -- Ignore unavailable to you. Want to Upgrade?


To: sportsman who wrote (2531)4/26/2004 11:01:39 PM
From: Richard Barron  Respond to of 2561
 
Sportsman,
FFO 1999 2000 2001 2002 2003 E2004 %div increase
SPG 3.06 3.28 3.51 3.79 4.04 E4.28 +30%
GGP 1.34 1.47 1.65 1.86 2.31 E2.61 +76%
GRT 2.67 2.88 2.72 2.49 2.13 E2.31 +0%
GRT hasn't grown FFO regularly like their competitors, so they need 3-4% higher yield to even come close. I don't know if their AFFO even covered the dividend last year.

Still, if the dividend doesn't drop, the yield is great!
Richard