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

To: Paul Senior who wrote (71690)	12/6/2022 7:53:02 PM
From: Grommit	3 Recommendations Recommended By E_K_S JohnyP Spekulatius Read Replies (3) \| Respond to of 78702

DEI. I took another look and my conclusion = avoid. They are 92% office and 80% LA. That might not be bad but I like sun belt offices better for long term outlook. Two reasons for low DEI stock price: (1) DEI debt to mkt cap is almost 1.7 (ugh). Not many are that high and they all have low stock prices. (2) Offices are all trading at low prices due to work-at-home risks. I know that you like 6.5% div, but IMO better choices elsewhere. BDN is office with similar to DEI in debt and P/FFO but at 9.5% div. concentrated in Philly (and Austin). CUZ is office with very lower debt, similar P/FFO, 4.7% div. Austin & Atlanta concentration. HIW is sunbelt office, similar P/FFO, debt lower than DEI and 6.7% div . Nashville, Raleigh. DEI ffo: