I agree. The economy is slowly improving and there doesn't seem to be any reason to believe that the REIT business is going south. So the companies are fine. It's just the stock that is being pounded - and that due largely to Fed fear. IOW, great time to buy.
According to the new forward guidance put out the FAD (funds available for distribution) is still well over the current dividend. So all is well, IMO. I am in this for the dividend. Any cap gains would be gravy (and with the price drops there aren't any right now).
Yes the price has gone down, but no one expected the dividend this year to be anywhere near where it was last year. It was way out of whack with the share price. It's still high, but more in line. These dividend drops were completely expected.