The slimeballs raked in $6.5 million during the September 30th Quarter Ended while the company lost $315 million. They could care less about their shareholders. They make their money based on NAV. And Zimmer @ Company are laughing all the way to the bank. And their probably conspiring another SPO to add to their coffers.
You need to accept the fact that ARR is the worst managed reit. Read the current SA article and get a dose of reality. And give a little credit to those who understand that losing more than 30 times the .05 dividend in a years time is the reality of the situation. And that .05 dividend will more than likely be .03 next time around.
Hey raybans2, you will admit that the Fed said any tapering will be a gradual drawdown of many months so as not to cause a dramatic swing in interest rates as well as tank the Markets which would tank the Economy.
You people keep focusing on the Yield. The Yield is this or that. ARR had a Yield of 17% a year ago when the share price was $6.80. So what did that Yield do for them now that their share are worth 44% less today?
Over the past 3 quarters NOI before Taxes averaged $60 million. There was around $425 million in NOLC's at the end of this past quarter. I would think based on the figures I just quoted it would be between 1 1/2 - 2 years before those NOLC's are offset. Then you have to reapply for RIC Status. On the other hand, the company's policy says they will otherwise pay a cash dividend if an when the share price equals or surpasses NAV.
Well, you probably should rethink that assumption after ARR only showed .11 per share income. Look for a cut in dividend to .03 which will account for a significant drop in SP to come.
You don't get it. This Management doesn't give a #$%$ about shareholders. They are just bent on raking in 10's of millions in Fees!
Here are some more FACTS. The stock price was around $6.77 with a yield of 17% one year ago on November 23, 2012. So what do you tell the investor who put his retirement savings into the stock on that day and held it for a year? Too bad you got f@#ked pal?
If the company decided to pay a cash dividend based on RIC Status requirements this past quarter the payout would have been around .16 on approximately 277 shares outstanding. The net annual return would have amounted to a non-competitive 4.7%. Why so low? Because NOI has deteriorated signifcantly from what it was when the company last paid cash dividends on a consistent basis. So the biggest concern for shareholders looking for cash dividends to start again is for the company to improve it's intake of dividends and interest income moving forward.
Yeah I see how it's going up. The rest of the reits are green today and ARR is down 1 - 1 1/2 %. I'll say this again. The Management Team screwed long-term shareholders royally while they pocketed 10's of millions in Fees.
Take your pumping and shove it up the #$%$ of the managers of this company who have cost investors 10's of thousands over the past year and raped ARR for over $20 million.