'Sucker Yield' Is The Horse, Baby Bonds Another Source

Many investors have asked us about potential options instead of the REIT or what to do with funds allocated to the REIT.

Summary

  • Many investors have asked us about potential options instead of the REIT or what to do with funds allocated to the REIT.
  • In 2016, GOV issued a 5.875% baby bond due in May 2046.
  • The bottom line is that while we are cautious on the common shares, we recommend the baby bonds due to their place in the capital structure, covenant protection and relatively.
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