TSX:PRV.DB - Post by User
Comment by
TVLtoWIn2on Mar 22, 2024 5:28pm
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Post# 35948154
RE:Takeout price
RE:Takeout price Industrial real estate is in high demand and the NAV at 31 Dec 2023 was $8.24 per unit. Why would you sell your properties below NAV, it's not like they have a massive court judgment they are appealling.
While Colligwood owns 20% of PRV, Crestpoint Rea Estate Investments has a 50% interest in 42 properties in Nova Scotia more specifically the Burnside Industrial Park. I wonder if Crestpoint may have protectons build into this partnership to ensure they are not forced into alternate partners.
Collingwood is also an invesmtent arm of the Bragg group, not sure they actually want to have direct interest in day to day operations.
I wouldnt mind a buyout but would expect to see a price in the $8.25 -$8.75 per unit range.