RE:RE:RE:sorry guy I bailedI'll be back at 7 when the share price will be 5 times ffo of 1.4( gonna decrease to 1.4 at that point)
This is conditional to Fed being ready to cut rate. Or tnx below 2.5% and fed stop being hawkish.
Don't be so confident about your 1$ number. Dir.un might crash.
Anyways. Good luck to you all. D.un is quite expensive at the current share price
Frankie10 wrote: LOL
With DIR at $13.5 per unit, Dream Office unit price would need to fall to $1 for an implied cap rate of 12%. This would mean a 97% discount to NAV and 53% discount to IFRS asset values.
I don't think he will be back.
For those curious, with D at $10.75 and DIR at $13.65:
- implied cap rate of 8.9%
- discount to IFRS value of 36.5%
- discount to NAV of 69%
- TTM price-to-FFO of 7.4x
of course the above numbers are all subject to error, but I have refined this model for months now. The model is public and available upon request for anyone interested. Hope you all have a lovely day. Cheers.