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Bullboard - Stock Discussion Forum Becker Milk Co Ltd T.BEK.B

Alternate Symbol(s):  BCKMF

The Becker Milk Company Limited is a Canada-based company, which is engaged in the ownership and management of retail commercial properties in Ontario, Canada. The Company primarily leases retail stores with a few residential sites. The Company owns and manages approximately 38 commercial properties in various southern Ontario communities. Its properties are single store sites with a few multi... see more

TSX:BEK.B - Post Discussion

Becker Milk Co Ltd > Additional info for consideration
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Post by Oneinamillion on Mar 16, 2022 2:31pm

Additional info for consideration

I did read that the company uses the income approach but have just noted that they also use independent evaluation for some properties:
"For purposes of determining the total fair value of its investment properties at April 30, 2021, the Company commissioned independent appraisals for a selection of 12 of its 44 properties. The fair values of the remainder of the properties were determined by management following the method described above, with independent advice on the appropriate capitalization rates for each property."

Given the above I suppose there may be less of a difference between the real value of the portfolio and the value based on the income approach than I first thought.
Although I still think that the remainder of the properties were evaluated using the income approach so there could still be some discrepancy there....maybe.
If anyone more versed in RE valuations could step in and help me understand all of this it would be appreciated!
All imho.
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