GOV pays a generous 7.4% dividend representing a payout of 158%. Its total debt in the most recent quarter ending Sept. 30 was a staggering $610.71 million, which is high for a REIT with an operating cash flow (TTM) of $99.28 million.
Its revolving credit line is approximately $550 million. You can visit its informative Web site to see the latest quarterly earnings results and GOV's credit rating. Oftentimes a higher yield and payout ratio means that the credit rating will be lower than a more conservative REIT like VNO, which only yields 3.5%.
Getting back to the Norwegian SWF, before it expands to areas like Asia it will scour the U.S. market for the best real estate deals. The SWF is "looking for partners with a long timetable as well as deep pockets. The fund is set up to hold investments for decades if need be," meaning it may hold a piece of property through a number of boom-and-bust cycles, according to the Journal article.
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