Post by JohnDoughon Nov 12, 2025 4:10pm
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Post# 36784309
Punishing Price Decline
Punishing Price DeclineIn their third quarter release NAV is calculated as $38.
Even if you extrapolate an "intuitive" true liquidation value of all assets given the broad sector risk for office space, under $14 is a disappointingly huge takedown of this company and has to be a significant discount to book value. Makes you wonder where this ends up if distributions are cut by at least half. Is a worst case scenario already priced in for anemic lease renewals, FFO, etc.? Pretty scary.