The stock has been striked by fear of the internet! However, it has hugely overdone it.
The stock is trading at P/NAV of 50%. Basically you are buying the assets for a 50% discount. > The reason? Investors will take out all the need for physical stores.
However, what they don't realize for URW is that they are mainly in A-locations. The malls are actually increasing in rent (4%+ growth year on year) and fully utilized (95%+ always).
The stock gives you today therefore a dividend yield of 9-10% depending on the price that you buy it.
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