It's hard to see a scenario where anything dramatic happens when GPT reports earnings. I think they'll report about 5 to 7 cents per share profit but even if they just break even, the status quo won't have changed much. They have to take their time acquiring quality properties and the recent interest rate rise has complicated that a bit. Stll, I don't see a lot of movement in this stock for a while, one or two quarters. I'm just as impatient as everyone else but what else can we do but wait. A dividend soon might be a possibility. That would help.
We aren't going to see a dividend til the preferred is paid out, and that will most likely be from residual cash flow. I am 99.9% sure Dugan won't tap into cash reserves/credit to pay the preferred. Any cash left over will be used to pay off preferred, which will probably give an earnings of 0 for quarters to come until the preferred is no longer a liability. That's the only way to remain a REIT