article about gpt, page-2

Stolen this post from someone on VPG

Today's AFR
"Most trusts are trading at record discounts to their net tangible asset values.On Goldman Sachs calculations REIT prices are at a 60% discount to net tangible assets.
Over the past 40 years the largest discount to NTA was -37 %
in the early 1990s, when asset valuation and net operating income fundamentals were much worse than today.
The current level of exacerbated pricing discount versus history is an aberration."