Q: Good Morning 5i Team
Just read the quarterly results for DR. Looks like a pretty poor quarter. What alarms me the most is the payout ratio of 166%. This is based on a company defined "Cash available for distributions". Looking back at the FY2017 and FY2018 reports, the payout ratio was around 67% (for the full year).
I'm trying to decide whether to keep this one or bail out. Do you see the payout ratio this quarter as an anomaly with it returning to a healthier 67% range or is there danger here?
Thanks as always
Peter
Just read the quarterly results for DR. Looks like a pretty poor quarter. What alarms me the most is the payout ratio of 166%. This is based on a company defined "Cash available for distributions". Looking back at the FY2017 and FY2018 reports, the payout ratio was around 67% (for the full year).
I'm trying to decide whether to keep this one or bail out. Do you see the payout ratio this quarter as an anomaly with it returning to a healthier 67% range or is there danger here?
Thanks as always
Peter