We're smart people hereDoesnt seem like anyone here is able to connect the dots with the results, CC, maybe even reading Manji's tone, omission of details etc and discover what he is COOKING. We're smart people here. We should be able to play detective and figure it out.
InvestSmarter seems to be the most on top it, but contradicts himself at times (no offence) by first writing a nice huge blurb a few weeks ago about all the connections of all the private equity that own artis, joyce, jetport, liz, edgepoint, cominar takeout parties etc, and background arranging transactions, then going on how selling office will help close gap by improve the AFFO multiple etc. Quite differentiation in the outcome.
4 options:
- Selling the REIT to an external party
- Prvitiziation from within
- Going to pure play industrial or breaking it into 2 pure play reits
- SIB
SIB seems the easiest/most likely as all it requires is selling over 500m in assets, which Manji is good at.
Each of the 4 options have reasons why it might make sense, but also some factors that raise questions (for example, 2 and manji representing sandpiper and artis shareholders)
GLTA!