The Board should fight for a better offer given the resilience of German prime offices. A 10% premium to current EPRA NNNAV could be justified. LONG CA Immo, TP €38.34 (c. 4% 21e FFO yield).
SUMMARY
(Sign Up to Access)
Get started on the Smartkarma Research Network with a complimentary Preview Pass to:
Unlock all research summaries
Follow top, independent analysts
Receive personalised alerts and emails
Access Briefings, Analytics, and Events
Upgrade anytime to our paid plans for full-length research, real-time analyst discussions, and more.
Join a thriving community of 45,000+ investors, including the top global asset managers managing over $13trn in assets.