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CBRE Clarion Global Real Estate Message Board

  • kinkaidonerd kinkaidonerd Jan 8, 2010 2:09 PM Flag

    Discount evaporating in 2010

    Since the first of the year the gap between the NAV and the price has been closing fairly rapidly (from 15% to under 11% in under 10 days). Same thing is happening with similar fund AWP.

    Does anyone have any theories as to why?

    Here are a few of my guesses:
    1. People rethinking/rebalancing their portfolios as of Jan. 1 has put more money into income-producing securities.
    2. Cash that was riding out 2009 on the sidelines is now looking for better rates.
    3. Could a dividend raise be on the way? They should announce on Monday the 11th, right? Maybe people are buying to get in ahead of that.

6.71-0.13(-1.90%)Feb 9 4:02 PMEST