FFO for 2008 ended up at $3.25 per share. Forecast for 2009 is for FFO of $3.00 - 3.08 per share.Dividend is now at .64 quarterly or $2.56 annually.....should be safe.Thoughts.....Kel
been looking at this one
2010 guidence is for $2.45 which will make the payout ratio 1.04% of FFO. That sustainable for a while but not forever.
Apparently, the dividend has been reduced to $1.80 per share which will be only a 73.5% payout ratio for 2010 based upon company guidence of $2.45 FFO.