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No. of Recommendations: 0
Does anybody has something to say about SKT?

It looks very attractive from both current dividend yield and NAV point of view.

My calculations of NAV, based ob Q3 results (caprate 10):

Revenues 26639
Expenses 10460
NOI 16179
x 4 64716
Cap rate 10.00
Property 647160
Other assets 28270
Liabilities 383535
Preffered 2015
NAV 289880
Shares 11713
NAV/sh 24.75

Am I missing something?

15% discount to NAV and 11.33% dividend with FFO payout ratio of about 75% looks pretty good to me.

Please, share your thouts/concerns.

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