Anyone have a NAV estimate for PEI?
with their redevelopment effort sucking up all the cash, I view them having -ve NAV at sometime in future.. just unhappy with the management.
the company says their NAV based on just the top 5 properties is between $9 - $11.Look at their latest presentation.
The common is at $6.19 and the div at 13.75%.Even Brad Thomas considers it a Spec Buy: https://seekingalpha.com/article/4256445-preit-high-risk-spe...-srockazTiny PEI Pref position
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