The Payout Desk is the personal research product of Calum, an income investor with a Master’s in Finance and a passion for high-yield equities, REITs, and long-duration total return strategies. The focus is on resilient cash flows, capital allocation discipline, and sustainable dividend growth. Each published note is the end result of both fundamental research and regular informal conversations with a broad network of fellow analysts and friends. Ideas are personal, all conviction- and yield-driven.
Analyst’s Disclosure:I/we have a beneficial long position in the shares of LADR either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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