Subject: Re: Unite Group (UTG), UK, falling knife.
Great post on REITS, particularly UK ones, for those who don't know any of that stuff.

> "within rounding error back at the lowest price in 11 years. Yield before tax 5.79% based on trailing year payout."
Could I make a couple of points relating to your post, including a correction to the dividend yield figure?

Sorry, yes, I just took it from the wrong line in my spreadsheet, fingers getting ahead of my brain. It was 7.24% before tax at the time of my post (trailing year dividends gross 37.7, price at the time 521). Or I suppose 7.20% if you're a buyer at 521, for the stamp duty increase to your cost basis.

I generally discuss the before-tax number because various investors have very different tax situations. Mine is quite unusual.

Nothing I wrote was to suggest that the forward dividend would be the same, of course. The future is as yet unwritten. The general hope, as with infrastructure plays, is that it at least keeps up with inflation.

Jim