relevant long wale comps HMC - metroCLW 4.9% yield.VVR 4.99%...

relevant long wale comps HMC - metro

CLW 4.9% yield.
VVR 4.99% yield
BWP 4.5% yield
LEP 4.3% yield

relevant shopping comps- AVN is short wale.
SCP 5.7% yield
AVN 6.35% yield

HMC should trade between the first comp average and SCP/AVN average. So around 5.4-5.5% approx yield which implies 5-10% upside from IPO.

Also Size HMC is a bit smaller than the other REITS which have expanded thru acquisition after IPO.