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Strategies & Market Trends : Value Investing

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To: JohnyP who wrote (67026)	4/1/2021 4:20:17 PM
From: E_K_S	Read Replies (1) of 78762

Their Debt/Equity is high at 2,21x (s/d be below 1.5x) so having the shelf registration there as an option is fine (if the plan is to finance their Caps & growth w/ equity). They have some really great projects converting many of their properties to 'multi-use' which will expand their Cap-Rate which eventually will be reflected in a higher stock price. They are going to need at least $100mln to finance several of these projects. Again, an equity raise is worth it Finally MAC is selling 30% below stated BV (remember that is calculated based on cost not current market w/ improvements). Been adding shares at/below $11.50/share earlier this week.

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