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Bedford Property Invest. (BED) Message Board

  • reitsbyziggy reitsbyziggy Feb 15, 2000 9:12 PM Flag


    I know you own this stock-so do I. Listened to
    the conference call today. When the dividend is
    raised Wall Street just doesn't seem to care. I think we
    are at minimum payout and the dividend doesn't really
    need to be raised but it has to be raised. Share
    buyback is only going to aggravate this some more-saving
    10% dividends using 8% debt remaining 2% has to be
    paid as dividend. Almost $100M property posted for
    sale-(can all this be 1031'd?)-even if it can the old tax
    depreciable basis will carry forward on new purchases. I
    agree with the share repurchase and subsequent sale of
    property to make it leverage neutral but will this create
    a tax requirement of paying out a higher and higher
    percentage of FFO?

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