Post by
garyreins on Aug 08, 2024 9:05am
UK JOINT VENTURE FLOP LAST JUNE
Remember this tanked cause the JV investor that was going to put up like 300m or whatever to JV the U K portfolio made this REIT dive like 10%+
Now they effectively just sold the whole dam thing and cut dividend, thereby retaining more cashflow
All positive in my view. PDL was loading up at $7 not long ago
Time for this trd to catch a bid
Ironically the reit is more sellablel now, surprising they cant just put it all up for sale and get $10-11