10-02-2013, 07:56 AM
I'm keeping an eye on it, but really I need to dig a little deeper and learn more about the company since I've only been following it a few months, and don't really follow real estate much any way. At $36 it'll yield 6%.
The DG really bothers me though, after 20 years at 1.5% DGR the YOC isn't even to 7.50%. All things equal, a 3.0% yield 10% DGR does that in about 9 years, then it's all gravy (on paper at least).
It just depends on what you're looking for; if you need a big payout now, O is great. If you want a big payout 10-20 years down the road, O is decent, but we can do better.
The DG really bothers me though, after 20 years at 1.5% DGR the YOC isn't even to 7.50%. All things equal, a 3.0% yield 10% DGR does that in about 9 years, then it's all gravy (on paper at least).
It just depends on what you're looking for; if you need a big payout now, O is great. If you want a big payout 10-20 years down the road, O is decent, but we can do better.