TSX:ERE.UN - Post by User
Post by
junglejameson Oct 25, 2024 10:21am
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Post# 36281892
discount to NAV increasing again
discount to NAV increasing againhalf the portfolio being sold at a known price; a "pay-back" of about $1.13 forth coming, falling interest rates, and yet the market price of the shares drifts down again to a discount to NAV of about 33% despited the overall decrease in risk.
I will not be surprised if CAR takes what remains of ERE private in the new year for a price less than the remaining NAV.