vpg in fin today

small mention of valad's recent property sales in today's fin.

looks like they sold two properties leased to CHH for $10m

however sales were at an incredibly high 10% yield. every sale vpg makes below book value, the more value is being destroyed for vpg shareholders.

i am bitterly disappointed that vpg is selling assets at a huge discount to book value. makes you wonder why vpg even bothers releasing its internal book values, it is just shooting itself in the foot because buyers will just want to shave a further 10% off.