Agreed, it is a complicated situation, the market may remain irrational for longer than 12 months.
The nice thing is that at today’s price you get a 9% dividend yield while you wait for the... login to read the rest
Hi Spence,
Thanks for the thoughtful response. I don't disagree with your operational analysis...I just am not fully confident how fast the market will get it and move the cap rate down.
Met99
Met99, thank you for the questions.
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Question: “Is it possible the IPO market was saying a 10% cap rate is more appropriate?”
Answer: I agree with you; at the time of the pricing the market... login to read the rest
Like your writeup...great detail to enable one to think about positives and negatives.
Is it possible the IPO market was saying a 10% cap rate is more appropriate?
Going forward, if the investements in new properties have... login to read the rest
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