Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Spekulatius who wrote (50785)	2/5/2013 11:54:11 PM
From: Jurgis Bekepuris	Read Replies (1) \| Respond to of 78456

Why do you think that WHA.AS is better managed than VASTN? Looking at their 2012 9mo presentation, it does not look very good: wereldhave.com They did sell their US portfolio in Jan, so I did not account for that, but 9mo results in 2012 were not impressive, especially considering that they had US portfolio - US should have been doing better than Europe. NAV dropped from Euro73 to Euro64... Vastned had 95% occupancy rate, WHA had 88%. BTW, the cap rates (slide 32 of above pdf) are very unimpressive. I realize this is commercial RE, but if we are buying RE at these cap rates in Europe during crisis, we are hugely overpaying. ;) Unfortunately I did not find VASTN cap rates. :(