RNY 0.00% 0.5¢ rny property trust

unencumbered assets, page-5

  1. 18,919 Posts.
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    Thanks sammy72.

    Currently there appears to be a keen seller lurking offscreen, so it might trade at 4c for a while. But I have no idea how many shares are to be sold.

    RNY has only traded 23% of issue over the last 100 days, despite all that related party baying a few months back.
    Quite a small number compared to other REITs. I suspect the problem at the moment is a lack of buyers or the volume would be higher.

    I guess the market is waiting for some clarity on the near term refinancing and the JV partner status?

    I hope ICR can be maintained above 2x.
 
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Currently unlisted public company.

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