I completely agree with your opinion on GPT making a dividend statement soon. Here's what CEO Gordon Dugan said:
"We're a growth REIT because we're not paying a dividend. In reality we intend to pay a dividend. We'll pay a dividend soon. We don't have a public statement on what that means but we intend to pay a dividend."
The interviewer noted that their average CAP Rate is 7.5%.
He also said there is upside on the rents in the coming years.
Well, I'm getting in for a small position soon, GPT has been on my stock watchlist for some time. Waiting on a dip below $4.50. All ratings I look at (Y! Finance, Stoxlin, Super Stock Screener, Louis Navellier, MSN) average 12 month price $6.00. With a dividend announcement the target price will likely go up quiet a bit.