Dividend coverage, leverage and the gap between market cap and enterprise value, across equity and mortgage REITs.
Mortgage REITs fell broadly in the latest session, but Rithm Property Trust, Cherry Hill and Sunrise Realty Trust stood out for operating-cash-flow payout ratios of negative 242%, 310% and 447%, meaning dividends were not covered by cash…
Getty Realty's payout ratio of 85.94% of operating cash flow against a dividend yield near 6.9% to 7% points to a thinner cushion for the net lease REIT, even as it closes a new $260.9 million sale leaseback deal.
Advanced Flower Capital Inc. reports 8.04x net debt to EBITDA, the highest among cannabis-lending REITs, alongside a 5.76% dividend yield and 39.67% payout ratio, according to its Full Year 2025 earnings filing.
Modiv Industrial paid a 6.65% monthly dividend against a 93.6% operating cash flow payout ratio and 6.5x leverage, a combination that drew scrutiny before Global Net Lease completed its acquisition of the company in August 2026.
Gladstone Commercial Corporation pays a monthly dividend yielding 7.26%, but its latest EPS-based payout ratio of 353.37% is among the highest flagged in net-lease REIT coverage, raising sustainability questions despite a steady payment…
Realty Income has declared 608 consecutive monthly dividends and trades with a yield near 6%, a combination drawing attention as elevated Treasury…
Four Corners Property Trust pays a 7.08% monthly dividend yield but directs roughly 81% of operating cash flow to that payout, a ratio that stands out among net lease retail peers and raises coverage questions for income investors.
Wheeler Real Estate Investment Trust's market capitalization has dropped under $1 million even as total debt sits near $484 million, a disconnect…
Healthpeak Properties cut its dividend over the past year, leaving a yield near 6.5% with shares close to 52-week lows and a payout ratio exceeding 300%, raising dividend-durability questions for healthcare REIT investors.
Ready Capital Corporation's market capitalization has slipped near $185 million with a yield well below typical mortgage REIT levels, alongside negative distributable earnings and heavy leverage, raising questions about stress in smaller…
Safehold Inc carries 13.69x net debt to EBITDA and pays out 106% of operating cash flow as dividends, raising sustainability questions even as its shares yield close to 6% quarterly.
Pebblebrook Hotel Trust's dividend yield has fallen to roughly 0.21%, far below lodging-sector peers DiamondRock and Park Hotels, coinciding with a multi-year run of reported net losses at the company.
Gaming and Leisure Properties pays out 81.29% of operating cash flow and carries 62.71% debt to book capital, a combination that has pushed its dividend coverage into tighter territory even as shares hit fresh lows.
Lamar Advertising's debt to book capital ratio of 83.34% and 4.75x net debt to EBITDA are drawing attention to leverage at the outdoor advertising REIT, even as the company maintains its quarterly dividend and reports steady cash flow…
Strawberry Fields REIT carries debt equal to 98.98% of book capital, with total debt of $791.35 million against just $12.11 million in equity, a structure that invites scrutiny as the company keeps acquiring properties.
Armada Hoffler Properties trimmed its quarterly dividend to $0.14, a 31.7% year-over-year reduction, yet shares still yield 8.28%. Negative trailing earnings and a lapsed growth streak raise questions about how durable the payout remains.
Ryman Hospitality Properties shows an 84.67% debt-to-book-capital ratio, the highest among recent REIT data refreshes, while its FFO payout ratio remains near 54%, prompting questions about leverage amid steady cash flow coverage.
Empire State Realty Trust retains the vast majority of its operating cash flow while carrying the highest leverage ratio among REITs reviewed, a split highlighted in company filings that raises questions about capital allocation priorities.
Seritage Growth Properties' portfolio has shrunk to 10 properties with no dividend and negative operating cash flow, data show, as the retail REIT's…
Presidio Property Trust's enterprise value sits near $75.5 million while its equity market cap has fallen to roughly $1.3 million, with 28x net debt…
NexPoint Residential Trust's dividend yield swung between 10.51% and 11.39% in early October even as the payout holds a 'Growing' status, a…
SL Green Realty's payout ratio reached 285.17% of operating cash flow, meaning dividends paid exceeded cash generated from operations, a gap that typically must be covered through debt, asset sales or equity issuance rather than core…
Invitation Homes' trailing twelve-month payout ratio stands at 108.97% of net income, exceeding earnings even as the company's dividend is labeled 'Growing' following a September increase to $0.30 per share.
Braemar Hotels & Resorts carries a 12.05% dividend yield with payout at just 33.17% of operating cash flow, a combination emerging alongside an active proxy contest with shareholder Al Shams Investments.
Seven Hills Realty Trust carries a 16.59% dividend yield against a payout ratio of 113.50% of operating cash flow and net debt near 9.7 times EBITDA, raising questions about dividend durability even as the company keeps originating new…
SITE Centers Corp (SITC) shows a negative enterprise value of about $59 million after winding down its retail portfolio, reporting negative FFO per…
Net Lease Office Properties reported negative FFO per share and debt to book capital near 12% in its latest quarter, figures that reflect the externally managed REIT's ongoing asset liquidation rather than operating distress.
Sachem Capital Corp shows a 51.13x net debt to EBITDA ratio, but the figure reflects GAAP EBITDA's mismatch with mortgage lending, not a sudden balance sheet deterioration, according to the company's own reported financials.
Invesco Mortgage Capital's dividend yield near 25% dwarfs most mortgage-REIT peers. The payout coincides with high leverage and volatile earnings, prompting scrutiny of whether the yield compensates for elevated risk rather than reflecting…
Rayonier's enterprise value of $4.32 billion sits below its $5.52 billion market cap, an unusual setup for a REIT that typically signals more cash…