From intelligent investor funds manager site (who have just increased holdings to 11% in RNY report for Feb
"US commercial property markets might be showing signs of life but RNY
Property Trust is yet to see any of the benefits. The trust reported rental
income, property values and occupancy rates all well down on the previous
year. Management are confident they are through the worst of it though
and, with only 12% of the trusts leases expiring in the next two years, there
is room for optimism. Investors didn?t see it that way, pushing the unit price
down 18%. Like January, when the price rose 23%, though, volumes have
been very light."
From intelligent investor funds manager site (who have just...
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