Category: NYRT

One last New York REIT update $NYRT

Posted On November 7, 2017
My last post on New York REIT (NYRT; disclosure: long / bagholder) was quickly followed by two announcements the company had sold 3 buildings in total (1440 Broadway and 229 W 36th / 256 W 38th). I’ve gotten a ton of questions on the sales, so I figured I’d post something quickly discussing the sales. […]

Bagholding with $NYRT

Posted On October 27, 2017
Upfront note: this post is long and dives into the weeds a bit. If you want the Twitter version, it’s 1) NYRT’s trading at a huge discount to their last reported NAV of $9.21, 2) that NAV is almost certainly overstated, 3) despite that overstatement, even using a set of pretty conservative assumptions it’s tough […]