A little bit. I'm liking what I see. It's a bit crazy that a company that is just buying commercial real estate can trade at some 78-80% of it's net assets value. You could argue that they're using optimistic valuations, but this 80% is industry-wide.
CDI's dividend of some 10% can completely be funded by net income from their properties. They're not eating into asset value gains to fund their distributions. You can't say that for many of the other listed property trusts on the market. Just take a brief look at their annual reports to check it out.
Sustainable yield. Higher yield compared to other listed property trusts on the market. Either they go down or this goes up.
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