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


To: Madharry who wrote (66836)3/8/2021 3:44:04 PM
From: E_K_S  Respond to of 78779
 
FSP $6.59/share +8.75% still selling below stated BV and yielding 5.94% Up on this news today.

Franklin Street Properties (FSP) ON MARCH 5 UNITS ENTERED INTO PURCHASE AND SALE AGREEMENT RELATING TO SALE OF REAL PROPERTY WITH CP ACQUISITION III LLC* PURCHASE PRICE FOR PROPERTIES IS $219.5 MILLION
They have a good management team that from time to time 'flap' office buildings and looks like they got one sold.

This s/d see at least see $7.16/share their stated BV. I suspect this may/could go back to their long term normalized price at/near $12/share.