Despite this nice move up of nearly 10% from the panic lows of a month ago, AWP remains as of 3/14 close at a 13.5 discount to NAV. Really about the same as it's been for a while maybe a slight improvement.
There is no reason at all for AWP to trade at such a steep discount to NAV at this point, especially with the IYR making new 52 week highs and AWP raising it's dividend by 10%. Investors are busy scooping up major reits yielding less than 4%, even less than 3% yet they leave AWP at it's super discount to NAV and yielding 6%.
.....AWP has a 6% yield, AOD has a 16% yield! Quite a difference at month end pay check. Forget the NAV, PHT has same premium but investors keep pouring money into it. With economy on uptick not likely any dividend cuts coming!