I said their were plenty of REITs and stocks in general trading at a huge discount. I didnt specify "US" or "retail". As you know, their aren't many asx listed US retail REITS.
CQR has a large portion of US retail, but also exposure in other countries. They are trading at 54c/72c nta = 75%
EDT trading at 5.7c/11c nta = 52%
If we broaden our criteria to include other REITs like "office" or in non US countries, there is also stocks like
CQO 25c/44c nta = 57%
or even
AJA 31c/76c nta = 41%, but they have just announce writedowns of 5% which will bring nta down a few cents.
CQR,CQO, AJA and many others are paying distributions. EDT is NOT.
The asx list REITs sector(as a whole) is trading at a 25% discount to NTA.
Its hard to see EDT trading at NTA of 11c, when the sector is trading at a discount and EDT aren't paying distributions.
EDT may be cheap, but the market has been hammered. Their are many stocks in all sectors that are "cheap". So perhaps its all relative.
Personally I see EDT very low risk/downside from here. So the only way is up. What I disagree with is the multibagger potential. How could it even double, let alone tripple in the next 12months?
Should outperform market over 12month period IMO.
Just my thoughts and I could be wrong. I certainly wish all holders well and I will probably join you all on the register shortly.
EDT Price at posting:
5.7¢ Sentiment: Hold Disclosure: Not Held
