in more than 3 years. Promising sign, but I still think they need to raise equity.
Raising equity would be a good thing to increase liquidity of the stock and give them more room on acq frontPrettynhappy finally inn raise disty mode!
The last time GLP sold units, they did it in a private offering to institutional investors. I'm not sure it added to liquidity very much.I also just took a quick look at the financing that GLP used to purchase the gas stations. It sure seems clear that the financing assumes a $ 75 million equity offering in the noy-too-distant future.But for now, I'm happy with the distribution increase.