If you're lazy like the detractors on this board, check out funds flow per share vs dividend per share. Funds flow exceeds the dividend easily more than 2X. Most income investors would die for that coverage. As Cramer said last night, peel the onion and learn the details. Long term buy!!!!
Of course you are correct. It is interesting that some MB participants cannot understand the difference between cash and non-cash items and how these impact earnings and cash flow. These concepts are taught in most introductory financial accounting courses. I'd hate to be putting money on the line without the basics!
And some can't even get the terminology right. Whatever infinitwit means from "funds flow per share" it's out of place here, "funds flow from operations" is a REIT-accounting term and it is important to note that FFO is not the same as Cash from Operations, which is a key component of the indirect-method cash flow statement about which we are talking. I assume he is referring to cash from operations. As far as "putting money on the line without the basics"....well...there's a whole board of 'em here. Anyone who quotes Cramer must really be hurting for originality.
If you're lazy like the cheerleaders on this board, check out ALL the numbers and then figure out how you EARN 31 cents per share and PAYOUT 1.08 per share. Voodoo economics, bought into by all the witchdoctors here.