REITs Addition in Portfolio

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I would like to have your present views on this REITs, is it good REIT to add at present prices?
I was reading your 4 & 5 months old comments that they were short in rent collection, would appreciate if you could give the recent details of their financial status and rent collections.
Is the juicy dividend safe and sustainable by the company?
BTW: What is their payout ratio for the present dividend?

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Asked on October 27, 2020 9:21 am
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Hey Shail, I did notice the ticker in the tags, but it helps to put it in the title as well!

Smartcentres posted some underwhelming collections in the 2nd quarter. However, I don't want to comment on this for you just yet, as I'd rather wait until the company released third quarter earnings in the next few weeks.

I believe November 11th is when they file, and you'll have a much clearer picture on the outlook for the company as the last quarter included the full brunt of shutdowns.

I, just like you are, are very interested to see how the company is doing now that things have started to open back up.

Care to remind me to dig into it on earnings day? Will be able to look at distribution safety, rent collections and everything else with updated performance.

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Posted by Dan Kent
Answered on October 27, 2020 1:03 pm
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