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."
CER Price at posting:
8.5¢ Sentiment: Buy Disclosure: Held
