Cash flow is $.83/per share and the dividend is $.50. That is a lot of coverage. There vacancy rate is down one point but renewal rates were up in dollars 8%. The real estate market is curing. There is virtually no chance of a dividend cut.
cash flow NI + DEPN less capital gains is almost the same as FFO. Close enough-- FFO was a little higher than than cash flow. Anyway plenty of coverage. I guess income is out of style for now. Funny how they upped the offer from 7.5 to 10MM shares and the deal is sloppy---I guess no green shoe.