Debt is $460m which makes net property holding value at $620m. They had to draw more than $10m from reserves to pay distribution because they have earned just enough to pay 3.2% out. Can anyone rationalize why this stock is so high? Prima facie valuation based on the numbers above would justify a share price about 30-50% less I would have thought.
Debt is $460m which makes net property holding value at $620m....
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
