September 05, 2024 15:57 GMT
REAL ESTATE: AroundTown (ARNDTN: BBB- neg hybrid): Rallying
REAL ESTATE
Positive: ARNDTN reported on 28th August. Bonds have rallied consistently since
- Moves since earnings:
- ARNDTN 1.625% +8.4pts
- ARNDTN 5% +6pts
- ARNDTN 7.125% +6pts
Given that the capital markets have reopened for higher yielding real estate and that portfolio valuations are stabilising - it's easy to see why investors are comfortable reaching for ARNDTN 5% Call29 with YTC >13%
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