GPT 2.03% $5.03 gpt group

bnb: potential loss in gpt jv, page-4

  1. 631 Posts.
    You are asking for rationality in the sp?

    Yes, @ $1.56 the JV was written down to 0. Its all in their capital raising projections - go read that - they've been out a while!

    Why the drop in sp today? Something to do with the contagion of a crisis of confidence!

    Where are the high 5s? Well, I for one am confident that most, if not all, of the long term high grade tenants will pay this months rent to GPT, and next months, and beyond!

 
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