I disagree. The projections are good, just not great, and not what has been the recent history at ROIC. I think that a near 40-50% divy hike for upcoming year is positive. This is a result of getting bigger and, I think, the reduction of fire-sale/very cheap properties available which they can buy and turn around. As mentioned in the call, some that they have turned around, they might sell off because the additional improvement going forward is not sufficient for their capital - rather sell and redeploy on another asset turnaround.
Yes, I was glad to hear they would sell and redeploy into other turn around properties. THis allows continued growth and the REIT will not become a mature property rent collector. Selling will allow new investments with less debt and can be done on tax favorable terms. I was disappointed with their discussion of the warrants. They may create bookkeeping dilution if they don't deal with them and they seem to have kciked that can down the road almost out of sight. I wish the questioner had asked at what level of stock price they have to treat the warrant shares as issued for fully diluted reporting purposes.