Biopharm with recent approvals. Received a PRV which can be sold if they wanted to for over 100 mil. Considering market cap is 1.4 billion that’s a pretty good chunk to offset some cost
I'm aware that book is very volatile for RE right now, however go back and get your choice of REIT NAV. Run forward NAV/ share vs unit price and you'll see a growing gap between the two, while cap rates remain pretty consistent.
if NAV is really being over reported then cap rates would crater, of it's under it would shoot up.
CAPREIT (I'm Canadian, drown me in Maple syrup) gap in 2021 was 30 cents price to NAV, it is now 19 dollars per share. Even a swing of 50bps would only explain half of that. I'm not a lover of REIT but this entry price makes me want to apply for a chinese citizenship
Hear me out, with these ridiculous cap rates and the real estate taking a beating to the point that most REITs are <1 at p/B with decent cap rates I might actually go full Asian dad and start buying this shit
That doesn't make my statement less true. 2 trillion market cap with 20 billion in revenue and a 5 billion net loss in 2025? Better pump it towards 4T.
Oh yeah something something datacenters in space.