### Comment:
That's not how you analyze dividend pay out. The actual pay out is 80% like always.  
  
 Google how to read REIT dividend payout . 
  
  
  
   Almost every REIT has a 100% plus pay out ratio that's why looking at income is misleading   
  
 You have to get the net income, add back the deappreciation

### REPLY:
REITS are required to pay out 90% of their income. Not sure how they can pay over 100% sustainably and still grow

### END.