Dividend PolicyDividend reduced. The newly established dividend was cut by 22% to $1.10/share per annum, representing the second dividend reduction since the merger was announced.
Financial PerformanceThe company reported AFFO numbers of $0.31 which was seven pennies lower than the estimate and eight pennies lower than consensus.
Leverage And DebtThe company's leverage of 8.5x is the highest among peers, with 21% of debt maturing through 2025, posing a potential earnings headwind.