Post by
InvestSmarter on Feb 09, 2024 2:06pm
Scarborough Junction?
I read on another forums Scarborough Junction is being approved right now, and may add 50M Fair Market Value due to density for the portion we own. That is nearly 50% of current trading market cap. Maybe we will hear something on the conference call to get more clarification.
Comment by
ScroogeMcDuck1 on Feb 10, 2024 12:10pm
Exciting. So is this a chunk of land that mpct owns that will be sold to developers, or is this a site that dream will build on and sell units?
Comment by
ScroogeMcDuck1 on Feb 10, 2024 12:18pm
Yeah just looked at their q2 23 presentation and they state 55million is $3.25 in share price. Insanity.
Comment by
ScroogeMcDuck1 on Feb 10, 2024 1:19pm
However not sure what value is currently in the nav dor this site. Is this for sure newly surfaced value? I guess we await earnings