RE:RE:might be smooth sailing to $12"I haven't run the numbers, but if the gap is 40% and it takes 2 years to close, that is 1.5 to 2% per month in addition to normal gains and dividends for for the residential REITs group."
Quick look = peers > 20x AFFO. Using above theory means 67% upside to reach 20x AFFO, which would be conservative, since the others all appear to be at or north of that. Giving a 2 year period to close the gap generates 2.1% per month, compounding, gap closure in addition to normal peer group dividends and appreciation.
Conservative on the AFFO and probably conservative on the speed of gap closure