RE:RE:RE:RE:RE:Here’s what going to happen IMHO I would actually prefer what CADCDN is suggesting... im just bouncing off ideas and noting specifics related to the document we are referencing. What I am suggesting is inline with the document, which formed the basis of this discussion and would be much, much easier to pull off. Both make complete sense imho.
For the record, if DIR was spun out as a distribution, for valuation purposes, you would consider it a redundant asset, then calculate the implied discount on the properties themselves (rather than equity/NAV discount, which has levered effects). I have shared this calculation with you all before.