Mar. 18 at 5:58 PM
$CMCT SOMEONE POSTED THIS
What this document is saying (important)
This is talking about BOOK VALUE after redemption of preferred shares.
Key points from the text:
Company improved Funds From Operations( FFO)
They redeemed some preferred stock
After adjustments they estimate:
underpreciated book value ≈
$1.49 per common share
That’s the number someone circled as “TARGET”.
VERY IMPORTANT — this does NOT mean stock goes to
$1.49
This is where retail traders get trapped.
Book value:
is an accounting estimate of asset value
based on real estate + balance sheet math
NOT trading momentum value
A stock trading at 15 cents can stay there even if book value is
$1+
Especially when:
debt is heavy
dilution risk exists
REIT sentiment is weak
short-term traders dominate
