Looks good to me. An orderly sale, better for us than a firesale.
But we should all realise, this is to also prolong APNs continuing access to funds management income stream for as long as they can, while conducting their 'orderly sale'.
Either way, a 0.25c is better than 0c.
Also, the announcement states that 46% of the AEZ portfolio has now been sold, or contracted for sale thus far. Not too bad, but as I'm not too involved, I wonder if the star properties were the easy sells, or did they manage to get rid of the dogs. At least some Italian brick/mortar is going now, I can't recall any of the Greek real estate gone yet.
Cheers & Good luck to all.
AEZ Price at posting:
0.3¢ Sentiment: Hold Disclosure: Held
