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Mar 19 2020, 08:55 GMT
Following broader market weakness, Hibernia REIT’s share price has declined sharply. Investors are now clearly braced for yields to widen and estimated rental values (ERVs) to decline, impacting NAV. This is understandable. However, a significant downcycle has now been priced in. The stock has traded through fair value.
Mar 19 2020, 08:55 GMT