動画公開日：2023-05-24 23:50:11
I expect 5 REITs to cut their dividend, possibly in 2023. SL Green (SLG), Alexander’s (ALX), Global Net Lease (GNL), Easterly Government Properties (DEA), and Brandywine Realty Trust (BDN) have problems that could lead to a dividend cut. City Office REIT (CIO) and Vornado Realty Trust (VNO) already announced their dividend cuts in recent months. You can access my entire REIT Portfolio by taking a 2-week free trial to my REIT newsletter, High Yield Landlord: https://seekingalpha.com/checkout?service_id=mp_1268
These REITs are not among my top dividend REITs to buy. Here is our dividend analysis:
SLG REIT, BDN REIT, and ALX REIT have the following problems: their payout ratios are too high, they have too much debt, and they are facing a lot of capex as tenants require significant improvements when leases expire.
GNL REIT is poorly managed, suffers conflicts of interest, has too much debt, and its dividend payout ratios are too high.
DEA REIT will likely have to heavily reinvest in its properties and the need for capex could lead to a dividend cut.
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Image sources: NAREIT, YCHARTS, EPRA, SKT, OHI, OPI, GNL, RTL, Canva
Important Disclaimer: Leonberg Capital does not hold positions in the 5 REITs discussed in this article. This video is impersonal and does not provide individualized advice or recommendations for any specific person. Viewers/readers should not make any investment decision without conducting their own due diligence and consulting their financial advisor about their specific situation. This video is for entertainment purposes only and you are responsible for your own investment decisions. The information is obtained from sources believed to be reliable, but its accuracy cannot be guaranteed. The opinions expressed are those of the publisher and are subject to change without notice. This YouTube channel is managed by Leonberg Research OÜ, a subsidiary of Leonberg Capital OÜ.
#reits #dividend #passiveincome #slg #vno
