westmoreland9 wrote:gbjbaanb wrote:JuanDB wrote:I’ve no intention to sell however I’m afraid the dividend horse has bolted. Yield currently a mighty 0%
Its a REIT, the yield cannot be 0% as they have to pay out 90% as PIDs to be a REIT. They may fiddle this, they may suspend it a bit like the Q4 dividend payment but those are temporary. In a year's time things will be different. That's what you're investing for, not next week.
they are currently forecasting rents down about 35%. their annual revenue is £148m, of which about £120m is rent. so forecast only collecting £83m (assuming the other £28m is fully collected). their operating costs and debt interest come to about £100m.
so that comes to a loss of £17m - so there's nothing to distribute. or if they do distribute anything, it'll just be funded from debt or disposals, so not really 'income'.
I make that a profit of £6m.
65% of £120mio is £78m plus the other £28m, less the £100m costs/interest.