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

To: Nya_Quy who wrote (62871)	11/18/2019 7:09:52 AM
From: Spekulatius	Read Replies (1) \| Respond to of 78462

Nya, thanks for the detail on WHA. I agree it looks cheap. Any Idea why Vastned has outperformed WHA by a large argon? Vastned focuses on premium shopping real estate a while ago, a strategy I liked (I excited nonetheless). I feel a comparison of Vastned and WHA would be valuable. My latest foray into a melting ice cube was DXC. luckily, I saw the writing on the wall and excited with a small loss before the wheels really came off.

To: Nya_Quy who wrote (62871)	11/20/2019 7:01:05 AM
From: Spekulatius	Read Replies (1) \| Respond to of 78462

No doubt WHA looks cheaper than Vastned. Generally, we are finding that higher that higher quality real estate outperforms lower quality real estate in the US and the same seems to be the case in Europe. (A -20% performance isn’t great, but it beats ~60% from WHA). However, neither higher quality and much less lower quality have performed well anywhere. I also note that Belgian real estate has outperformed Dutch real estate. It has been the case when I looked at these stocks a couple of years ago and it is the case now. I suspect there are structural reasons or this and ai wouldn’t simply dismiss Mr. Market being wrong here before I understand the situation. Also, the Dutch subs are low float, which can distort pricing. So you can’t just subtract the current market cap of the Belgian sub to come up with a standalone valuation for the Dutch RE, because the valuation of the Belgian sub may drop, if more shares or all shares are floated.