While I am certainly not a fan of RMR management, I completely agree with your statement. This one is a no-brainer at this level. With my GOV, SNH and SIR investments, I am getting over 8% combined. Dividends are secure at all three companies and SIR just increased theirs to $2.00 per year.
Wonder when they will increase it next?
I was only expecting a 5-6% increase. However, it's good news. Occupancy level is great too.
Cool. You must be one of the long-term shareholders that own shares below $10. It must be one of your best investments.
Well stated. The Cole purchase was clearly not a benefit to us current shareholders. We probably could have had FFO in your range of .80-.85 and still increased the dividend to .50 per quarter - perhaps even a little more due to the low debt level they had before the Cole purchase.
Considering the FFO ratio is clearly under 10, this stock is worth holding and maybe buying a little more at this price level.
No, it is in the 7's. Nice try. The new malls they are building will have a cap rate around 8 or so. They are not buying properties, because the cap rates on those are so low.