Replying to Avatar :P

The yield at IPO will be 9.5%-10%

They are targeting $100 par value that would pay a 9% dividend

They explained that if the price went above $101 they would hit the ATM to bring the price down to par and they wouldn’t hit the ATM below $99

They are targeting a 9% dividend payment which can be seen on these 2 slides.

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DRE 5mo ago

Yeah I listened to the presentation.

9% is the expected dividend, but they are not optimizing for a 9% dividend. They are optimizing for a $100 share price. They can’t optimize for both share price and yield at the same time.

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