ASX:LEDOffice REITs
LDR Capital Property Fund (ASX:LED) Shares Reel From Debt Fueled Payout Reset
LDR Capital Property Fund is trading like a problem child. The stock has fallen about 20% over the past week and sits at A$0.43, even as this result puts the real issue front and centre. The headline is not earnings per share; it is the pressure between generous historic distributions and the cash actually left after funding the portfolio.
Funds from operations in the year and the much thinner adjusted funds from operations line show why management is resetting payouts and tackling debt. For...