McDonald's is not pursuing the idea of hiving off its property into real-estate investment trust, and the fast-food chain also unveiled a 5% increase to its dividend for the fourth quarter.
At an analysts’ day meeting on Tuesday, Steve Easterbrook, McDonald's chief executive, said after a thorough study, the company has decided a REIT would be too risky to its business model.
McDonald's not pursuing REIT model
At the analyst’s day meeting in New York on Tuesday, the world’s largest restaurant chain put to rest speculation that the restaurant chain would spin off its vast U.S. real-estate holdings. Some analysts were anticipating that REIT would unlock billions of dollars in value. For instance, earlier Glenview Capital Management LLC said the move...
Login required to continue reading.
Setup a free account to get access to this article (no credit card required).
View Full Article
