Anyone else had a look at this?OK my commercial property mates...

Anyone else had a look at this?
OK my commercial property mates tell me post virus retail rents will take a 30% haircut - OUCH! OK the last val. was at $850M so applying a 30% fall gives $600M more or less. Strip out the $235M loan and we are left with $365M. Divide by the 70M shares and we derive a figure of roughly $5.20 a pop.
No divvy /distribution CY20 but expecting 25c CY21.
Am assuming people start returning to work and closed shops commence reopening June/July and things pretty much are back to normal by September/October with of course the 30% rental reduction.
Calling $4.70 to $5.20 by December if not a lot earlier.
Nice buying anywhere around low $3s for a very low risk punt over 6 to 8 months. The point to note here is that you are not buying "goodwill" or hot air! You are buying bricks and mortar.