RE:RE:RE:RE:real estate spinoff is dead or not ?"He said they are working on scaling their real estate portfolio to make it larger as at its current size, it wouldn't be worth spinning it off into a REIT".
This statement makes sense, so the question is why did Toby announced this publicly 2 years ago? Most of real estate developments were just in the planning stages only, nothing has broken ground yet. If this spinning off idea won't happen until the very distant future, wouldn't it be just a "dream"? So why have a NR about a dream?