StockFactz
Oct 30, 7:13 PM
$ARE Someone correct me if I'm wrong but this recent JV sale of interest implies that KKR bought this property for 10% above book value right? Aka they bought this property with the implication that the overall stock is worth
$95 per share. This is obviously an extrapolation since this is just one part of their portfolio and can't be scaled out exactly, but still makes a really strong case in my eyes that fair value is closer to
$95 than it is to
$40.
https://finance.yahoo.com/real-estate/articles/kkr-invests-475-million-alexandria-110000337.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAANQm55kb9RvoAKQrvjCljM40f-TSKoyWftga8ZtlptcWX6kTcsgUYMaFzCFTQAuy4wNm3nmsOnr0pT__jFBKimANTODFPl4_DolMdCU4fRSmhbPv2qVjD706a36_q9dUvsf_3iFJpuXWo9hQlmlopQzBgs7Hpd27lm6f2Y7_BeWc
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