200 day is 5.74
if we stay below the 50 day much longer we may break down further
if we go below 5.74
it falls further
have to say, I AM disappointed in GPT's appreciation (lack of) this year.
I was hoping we would be approaching 7 by year end
but it isn't looking like it's going to happen
to me, the most important part of the investor update is this line...
"Gramercy has achieved inflection point for future growth"
meaning to me, fixed costs are in place
minimal cost in relation to S G & A to grow
meaning, relative cost will rise
but on an absolute bases as a % of lease income it will decline
reflecting the total scalability of the net lease business model
also, the REIT space is getting killed right now because of rate hike talk
every reit out there has gone down over the last week.
10 year has been rising I believe
that would be interesting, an internal shadow rating
I'm sure they have that, just whether or not they would share it is a different story (or the need to)
it's like I've said many times
I rely on management (Dugan)
they've forgotten more about this business than I'll ever know
looks like they plan on the healthy rent escalations to make up for the subpar return on this property
they never really stated what % of run rate AFFO they were going to pay did they?
I know they stated they were going to keep it conservative
but did they ever say a %?
I cant remember?
I think that mainly depends on AFFO for the next earnings report
hope they can hit that .11 number
run rate ending last quarter was .07
paying a .035 dividend
if they can hit a .11 run rate, I think (hope) a doubling of the dividend is possible when they visit that issue first quarter next year
.07 would be a nice divi