TSX:AX.P.E - Post by User
Post by
garyreinson Oct 06, 2023 1:25pm
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Post# 35673519
Net Asset Value Discussions
Net Asset Value DiscussionsI would like to bring in light some discussions regarding offices listed for sale.
"Looks like a 9.5% cap rate on the Arizona office"
"Artis is selling Iverness for $21 million ($50 million less than 2016 purchase price?). That's only $80 psf! Seems quite low"
Does their $16.20 NAV reflect these marked down prices? Probably not. What about the BELL buildings, and other less-than-stellar office properties? Is Artis management acknowledging their NAV is artificially inflated, and now determined to have a liquidation strategy with the goal to come out with $12/13 a share in the near-term? It may appear so.
p.s. This is NOT snakeyboy. Please do not associate me with that vile creature!
-gary