Sep. 26 at 1:59 PM
Six Flags Faces Activist Pressure to Monetize Real Estate
Activist investor Land & Buildings Investment Management, holding roughly a 2% stake in Six Flags Entertainment (FUN), is urging the theme-park operator to spin off or sell its real estate assets, which could be worth up to
$6 billion—nearly three times the company’s current market value of
$2.1 billion.
The activist’s letter, released Friday, outlines several steps to boost shareholder value, including reviewing operational efficiency, restructuring debt, and potentially returning capital to shareholders. Following the announcement, Six Flags’ shares rose more than 3% in early trading, though they remain down about 55% year-to-date.
$FUN