BUZZ-CMCT REIT falls after slashing dividend

Reuters
2024-09-17

** Shares of real estate investment trust CMCT drop ~4% to $1.91 after halving quarterly dividend

** Co to pay dividend of $0.04/shr vs prior payout of $0.085/shr

** CMCT also shelves planned asset sale, says will borrow against the assets instead of via a refinancing arrangement

** Received fair offers for the assets but the would-be buyer was unable to close the deal, CMCT says

** Proceeds from the refinancing will be used to repay debt and invest in premier multifamily properties - CMCT

** CMCT also plans to redeem some preferred shares to shore up capital

** Preferred shares can be burdensome for a company since they carry higher dividends

** YTD as of Friday, stock had lost ~46%

(Reporting by Niket Nishant in Bengaluru)

((Niket.Nishant@thomsonreuters.com))

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10